The David Eccles School of Business at the University of Utah launched a $30 million capital campaign on Friday. The money will be used to dramatically upgrade (see rendering at right) two aging facilities, built in the 1960s.
The campaign was kicked off by the George S. and Delores Dore Eccles Foundation's challenge gift of $12 million. Spencer F. Eccles, former Chief Executive Officer of First Security Bank (acquired by Wells Fargo - NYSE: WFC) spoke on behalf of the foundation, challenging alumni to step up and join his family in supporting the school.
Under the direction of Dean Jack Brittain, the school has gained a national reputation, especially in entrepreneurship. The University Venture Fund recently closed with a total of $18 million under management, making it far and away the largest student managed venture fund in the United States.
The Venture Fund organized the private equity conference I wrote about on January 21, 2006 in one of my first posts.
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