University Receives $20 Million Anonymous Gift

Montclair State received a $20 million gift from an anonymous donor – the largest donation in the University’s 107-year history.

The gift will go toward supporting programs in the School of Business and advancing the School’s mission of transforming today’s students into tomorrow’s business leaders, innovators and entrepreneurs.

“We are both grateful and honored to receive this extraordinary gift and the recognition that comes with it of the quality of education that this University has made available to the people of New Jersey,” President Susan A. Cole said when announcing the gift. “At a time when governmental funding for public higher education institutions continues to fall short, we are especially grateful for the substantial support of donors who believe in our commitment to meeting the expanding educational needs of the State.”

The donation comes at a period of unprecedented growth, expansion and opportunity at the University and the School of Business, which opened its new, $66 million building in September. The School’s new home provides its 2,800 students with a high-tech learning environment and serves as a hub for the Feliciano Center for Entrepreneurship.

“This historic gift provides us with an extra level of support to continue developing and expanding our high demand programs in entrepreneurship, accounting and sports, events and tourism marketing, as well as our innovative new programs in business analytics, forensic accounting and real estate,” said Greg Cant, the new dean of the School of Business.