Catholic University Receives Gifts Totaling $47 Million

Catholic University Receives Gifts Totaling $47 Million

in Washington, D.C., has announced gifts totaling $47 million in support of programs at its and other academic units.

The gifts include $15 million from the  — the largest gift ever made to the university — for the renovation of Maloney Hall, the future home of the School of Business and Economics. In recognition of the gift, the school will be renamed the Tim and Steph Busch School of Business and Economics. Tim Busch, founder and CEO of and the , is also co-founder and chair of the , which has co-sponsored two conferences with the School of Business and Economics. He also serves as chair of the school’s board of visitors and will conclude his twelve-year tenure on the university's board of trustees later this year.

"As the university's largest benefactors to date, Tim and Steph Busch have demonstrated unparalleled support for the unique approach of our business school," said CUA president John Garvey. "Beyond this, they have attracted other major supporters whose gifts have nourished the school’s success. We are immensely grateful for their partnership and all that they have done to advance the university."

Additional gifts include $10 million from the to support the establishment of the Arthur and Carlyse Ciocca Center for Principled Entrepreneurship; $10 million from the ; $5 million from alumnus Joe Della Ratta ('53), founder and owner of ; $5 million from an anonymous donor; and $2 million from the Blanford Charitable Gift Fund.

"." Catholic University of America Press Release 04/19/2016.