$2.5 Million Alumni Gift Will Endow New Faculty Chair at Tuck School of Business
Impressed with the advancements at the Tuck School of Business in the past two decades and moved by the camaraderie of classmates during a recent reunion, a Tuck alumnus recently made a gift of $2.5 million to endow a new faculty chair at the school.
The new Bakala Professor of Management faculty chair is named for Zdeněk Bakala, a member of the Class of 1989 who returned to campus for his 20th reunion this past fall. In enabling Tuck to expand its faculty of thought leaders, the establishment of the new chair advances one of the primary goals of the school’s ongoing Tuck 2012 initiative.
A Czech native, Bakala has been involved in finance and business in the Czech Republic and the CEE since the early 1990s and is an established figure in the business community there. Among his many achievements, he established the Prague office of Credit Suisse First Boston in 1991 and founded Patria Finance, one of the largest investment banking boutiques in the Czech Republic, in 1994. He credits Tuck with helping him get to where he is today. “The skills I learned at Tuck translated into success in entrepreneurship,” he said in a statement announcing his gift.
Though the recent reunion marked only his second return to Tuck’s New Hampshire campus since his graduation 20 years ago, Bakala’s ties to the school have remained strong. “The contacts I made are still important to me – they are some of the people I speak to everyday,” he said. “I want to help make sure this experience continues for Tuck students.”
Bakala’s gift to Tuck is one of several sizeable alumni donations at leading business schools in recent months, signaling renewed generosity following a period of more constrained giving associated with the global economic crisis. Most notable is the $50 million gift last year to the University of Chicago’s Booth School of Business from alumnus David Booth, for which the school was renamed. Even more recently, New York University’s Stern School of Management received a $20 million gift in November 2009, and the Yale School of Management received an alumni gift of almost $9 million in January 2010.