Is the GSB paying for the new buildings?
The $105 million commitment we received from Phil Knight was an incredible gift—in fact in was the largest gift in the history of any business school. We will be naming the new site the Knight Management Center to honor him. The total cost of the facility is estimated at $350 million. As you may know, the GSB is a formula school. This means that we keep all of the money we collect each year in tuition and fees, but pay a percentage annually to the Provost in exchange for the use of central Stanford services. In addition, the GSB does its own fundraising and keeps that money. As a formula school, we are responsible to raise the money to build the buildings ourselves and will also be responsible for funding its ongoing maintenance costs. The University does pay for general purpose facilities like parking and roadwork that are part of the overall plan for the new GSB site. Money raised for the new GSB buildings will count toward the University’s overall goal of raising $4.3 billion throug
The $105 million commitment we received from Phil Knight was an incredible gift — it in fact in was the largest gift in the history of any business school. We will be naming the new site the Knight Management Center to honor him. The total cost of the facility is estimated at $345 million. As you may know, the GSB is a formula school. This means that we keep all of the money we collect each year in tuition and fees, but pay a percentage annually to the Provost in exchange for the use of central Stanford services. In addition, the GSB does its own fundraising and keeps that money. As a formula school, we are responsible to raise the money to build the buildings ourselves and are also responsible for funding its ongoing maintenance costs. The University does pay for general purpose facilities like parking and roadwork that are part of the overall plan for the new GSB site. Money raised for the new GSB buildings will count toward the University’s overall goal of raising $4.3 billion throu
