Story posted May 19, 2008
Fortune magazine calls them BDOCs (Big Donors On Campus). They are the hedge fund managers, Wall Street big shots and private equity fund owners who have given generously to colleges and universities.
Fortune's May 26, 2008, issue singles out a handful of these major donors, including Trustee Emeritus Stanley Druckenmiller '75, chairman, CEO and founder of Duquesne Capital Management; and Trustee John Studzinski '78, global head, corporate advisory services, The Blackstone Group.
An accompanying graphic, available online here, depicts the bricks-and-mortar results of their contributions — Stanley F. Druckenmiller Hall, the science center named for the donor's grandfather, and Studzinski Recital Hall, named for the hedge fund manager.
The article, "Private-Money University," says it's more than vanity driving the trend of giving money — and one's name — to a building project.
"While I don't make products that people use to make their lives better, I can take the excess earnings I have and funnel them to places I think make a difference," said Druckenmiller in the article. "Science is at the forefront of what could make a better world."
The article was written by Katie Benner '99.
Studzinski Recital Hall and Kanbar Auditorium have received a 2008 Honor Award for Interior Architecture from the Boston Society of Architects. Click here to read more.