UW business school will be renamed for major donor – Michael G. Foster

The University of Washington is renaming its business school after a longtime donor who has pledged a total of $50 million in gifts.

It will call the school the Michael G. Foster School of Business, in recognition of a local businessman whose family has ties to the university.

The Foster Foundation, which has promised the gifts, most recently agreed to give the university a $36.5 million donation that will likely fund scholarships, faculty chairs, new programs and the business school’s long-term endowment. The university is expected to announce the Seattle-based foundation’s latest contribution Friday.

By CHRISTINE FREY
P-I REPORTER

Full Story: http://seattlepi.nwsource.com/business/330692_bizgift07.html