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Drexel Alum Donates $45 Million For New Biz School Building

PHILADELPHIA (CBS) — Drexel University just got a huge (and history-making) donation for a new building for its business school.

Drexel’s College of Business is already named for Bennett LeBow. Now, the 72-year-old West Philly native is giving his alma mater $45 million — one of the largest gifts to any US business school, and the biggest ever to Drexel.

“It’s a magnificent kind of gesture,” says LeBow business school dean George Tsetsekos, who adds that the donation will raise Drexel’s profile around the world.

“We anticipate immediately after the completion of the building that the business school will be much more recognized not only at the national level, but much more recognized globally, internationally,” he said.

LeBow credits the university’s emphasis on real-world experience for giving him his start.  He’s now chairman of the board at Border’s, the bookstore chain.

Reported by Margie Smith, KYW Newsradio 1060.

  • MSME 1989

    Thank you, Mr. Lebow, for your extremely generous donation.

  • A LeBow Employee

    I apprreciate your comments, but we are constantly putting bandages on a desintegrating (infra)structure. Also, what you DON’T see is the struggle to allocate classroom space to an ever growing population of students in a building that was not designed to accommodate such growth. The new building is a necessary thing…

  • Fruit Kake

    Maybe they can spend a million on bigger signs so that the name “Bennett LeBow” is even more prominent. For real, spend the money to help underprivileged kids get into college, and clean up West Philly.

  • Also A Drexel Student

    I agree. The business school has a nice, modern facility as it is, and they require more space? Drexel should put this toward it’s endowment and lowering cost of attendance, and even sprucing up the campus!

  • Drexel Student

    Why not put some of that money towards lowering tuition rates to assist families during the recession?

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