University of Chicago Receives $75 Million for Booth Business School

University of Chicago Receives $75 Million for Booth Business School

The University of Chicago has announced a $75 million gift from alumni Amy and Richard Wallman in support of the Booth School of Business.

The gift will support a range of initiatives, including scholarships for students in the school's full-time, evening, weekend, and executive MBA programs, enabling the school to recruit from a broader, more diverse student population and strengthening the financial assistance it is able to offer. Funds also will be used to bolster co-curricular programming, faculty research, and emerging priorities. In recognition of the gift, MBA students who earn high honors at Booth will be designated as Amy and Richard F. Wallman Scholars at Chicago Booth, as will all alumni who have already achieved the distinction.

After earning her MBA from Chicago Booth in 1975, Amy Wallman embarked on a career at Ernst & Young, from which she retired as an audit partner in 2001. From 2004 to 2015, she was a director at Omnicare, a subsidiary of CVS Health Corporation. Richard Wallman graduated from Booth in 1974 and went to work for the Ford Motor Company. He later served as the chief financial officer and senior vice president of Honeywell International and its predecessor AlliedSignal, and in senior financial positions with IBM and the Chrysler Corporation.

"The University of Chicago Booth School of Business is a destination for the world's most promising business students and scholars," said University of Chicago president Robert J. Zimmer. "We are deeply grateful for the Wallmans' gift, which will support our students and honor their accomplishments."