Zell Family Foundation Awards $60 Million to University of Michigan

Zell Family Foundation Awards $60 Million to University of Michigan

The has announced a $60 million pledge from the in support of the at the .

The gift will support the institute's continued delivery and development of entrepreneurship programs for students and alumni, with $10 million dedicated to create a fund that invests in new student business ventures. Established in 1999 with a $10 million endowment gift from the Zell Family Foundation and the , the institute has awarded nearly $4.4 million to budding entrepreneurs; supported the development of hundreds of start-up businesses; and engaged more than fifty-five hundred students through grants, competitions, internships, scholarship awards, and three student-led venture funds, including those focused on early-stage enterprises with a social-impact mission.

Under the leadership of alumni Sam (AB '63, JD '66) and Helen Zell (AB ’64), the Zell Family Foundation has committed more than $150 million in total support to U-M.

"Our goal is to accelerate the learning curve and the opportunities for budding entrepreneurs, as well as to build a powerful alumni network," said Sam Zell, who is chair of Equity Group Investments. "Entrepreneurs have always been a primary driver of growth for this country. I believe that fostering entrepreneurial education is an investment in the future."

"." University of Michigan Press Release 07/13/2015.