Categories: Archives

Pitt receives $1 million grant from BNY Mellon.

BNY Mellon donated $1 million to Pitt to fund the development of corporate social responsibility… BNY Mellon donated $1 million to Pitt to fund the development of corporate social responsibility programs and business education through the Katz School of Business.

The donation guarantees various research and fellowship initiatives, according to a University news release.

The University’s David Berg Center for Ethics and Leadership in the business school will administer the grants. It will provide funding for five two-year BNY Mellon Faculty Research fellowships, meant to focus on social responsibility and a total of nine graduate fellowships.

These programs focus mainly on corporate social responsibility, corporate development and international issues, like researching ways to provide clean water and electricity.

Pitt submitted a detailed proposal to receive the donation, but a long-term relationship exists between BNY Mellon and Pitt.

“The Katz School has had a long and productive relationship with BNY Mellon, and many Pitt alumni work at the company,” said Thomas Crawford, associate vice chancellor for the Office of Institutional Advancement.

The Katz school currently has more than 80 faculty listed on its website and more than 2,500 students enrolled in 2010.

Sophomore Mike Wilkinson in Pitt’s College for Business Administration appreciated the contribution.

“The programs that this grant funds will further students’ knowledge on CSR and leadership by allowing Pitt students to get involved with research,” Wilkinson said. “That will hopefully push us forward as a highly regarded business institution.”

The BNY donation does not mark the first time that Pitt received a major corporate donation.

In 2000, Pitt announced a capital campaign, hoping to raise more than $500 million by June of 2003. By June 2008, the University had passed the $1.25 billion mark according to online Pitt sources.

“During the current capital campaign, the University received more than $175 million from corporations,” Crawford said. “And there are more than 20 corporations that have made gifts of $1 million or more.”

Pitt News Staff

Share
Published by
Pitt News Staff

Recent Posts

Sam Clancy: A guarantee on Pittsburgh’s Mount Rushmore

Pittsburgh is home to some of the most important figures in sports history –– so…

25 mins ago

‘I’ll get through these next four years’: Pitt students divided over Trump’s victory, with mixed emotions on campus

As the news echoes across campus, Pitt students are grappling with mixed emotions about the…

29 mins ago

Faculty Assembly discusses antisemitic violence on campus, announces antisemitic ad-hoc committee 

On Wednesday, Nov. 6., Faculty Assembly reflected on the 2024 presidential election, addressed recent acts…

33 mins ago

DePasquale, Democrat watch party brings feelings of optimism in the community

A watch party held at the Pittsburgh Federation of Teachers for Pennsylvania attorney general candidate…

34 mins ago

Police blotter: Nov. 1 – Nov. 6

Pitt police reported theft by deception at The Eatery, graffiti at the Allegheny Observatory and…

35 mins ago

Blood in the water: How ‘Sharks’ became the symbol of Pitt Football

One of the biggest factors in Pitt football’s early success in 2024 is the outstanding…

46 mins ago