CORNELL, N.Y. (AP) — Cornell University officials say the Ivy League school will use a household products company's $150 million gift to bolster the college's business schools.
H. Fisk Johnson, chairman and CEO of Racine, Wisconsin-based S.C. Johnson & Son, Inc., joined Cornell officials in Ithaca on Tuesday night to outline the plans for the donation, the largest made to the university's upstate campus.
Johnson announced on Saturday that he and his manufacturing company were making the gift to the newly named Cornell S.C. Johnson College of Business. Johnson received his undergraduate degree from Cornell and holds three master's degrees from the university.
Cornell's Board of Trustees voted Saturday in Manhattan to rename the university's business college in honor of the Johnson family.