Tata Gifts $50 Million to Harvard Business School

Date:   Wednesday , November 03, 2010

Harvard Business School (HBS) has received a $50 million gift from Tata Group for the funding of a new academic and residential building on the school’s Boston campus for participants in the school’s broad portfolio of executive education programs. HBS hopes to break ground for the building next spring will name it Tata Hall.

Ratan Tata, Chairman of the Tata Group, made the gift on behalf of the Tata Companies, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust, the philanthropic entities of the Tata Group. This $50 million donation from Tata makes it the largest gift the school has received from an international donor in its 102-year history.

An alumnus of HBS, Ratan Tata attended the School’s Advanced Management Program — one of three comprehensive leadership programs offered by HBS Executive Education — in 1975. He received the School’s highest honor, the Alumni Achievement Award, in 1995.

Nitin Nohria, Dean of HBS hailed the donation as a “historic gift” and said his focus will be on business ethics, a cause he has long championed, particularly during the financial crisis.

Earlier last month, Anand Mahindra, Head of the Mahindra Group too gave the school $10 million. He had taken graduate and postgraduate degrees there.