Cork University Business School (CUBS) have received a $1,000,000 philanthropic gift from an anonymous donor. The donation will support scholarships, learning through practical experience initiatives and entrepreneurship programmes for students.
Professor Thia Hennessy, Dean of Cork University Business School said:
“Cork University Business School is at an exciting stage of development with growing student numbers and plans for a new building. This very generous philanthropic gift will allow us to focus on initiatives to improve the student experience in ways that we could otherwise not afford.”
“Although we are starting from a very high base, with 95% of our students finding immediate employment, we plan to use this fund to support students in developing their professional skills, helping them secure employment. The fund will also be used to support students with exciting business start-up ideas.”
The donation will also support entrepreneurship at UCC, developing the next generation of business leaders by providing funding for starts-ups and innovation programmes.
Rose Phelan, Head of Development, UCC College of Business and Law commented,
“This donation demonstrates the impact philanthropy can make in accelerating change for Cork University Business School and advancing excellence in our teaching. This is not a gift just for the students of CUBS but for the future of business in Cork more generally.”
Cork University Business School was officially launched in January 2015 and brings together the expertise of five fundamental business departments. CUBS is the largest provider of business education at undergraduate level, the second largest at postgraduate level and in partnership with the Irish Management Institute, the largest provider of executive education in Ireland.
A strong tradition of entrepreneurship also exists within the school, with graduates leading many of the country’s most dynamic and successful enterprises.
CUBS is an integral part of the region’s economic growth, a major source of business talent, and a key contributor to Ireland’s economic and social fabric for more than a century.
This story also appeared in the Irish Examiner.