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Giving Back

Stephen Ross contributes $100 million to the University of Michigan business school.

HARRY KIRSBAUM
StaffM-iter

Ann Arbor
ew York City-based real estate developer
Stephen Ross recently remembered his college
alma mater with a $100 million donation.
The gift, the largest ever to a U.S. business school,
will be used to construct new facilities and increase the
University of Michigan's business school endowment.
The university has renamed the program the Stephen

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Locally, he developed the Palladium Theatre complex
and the Willies condominium complex, both in
Birmingham.
"The days I spent at U-M laid the foundation for my
career and made it possible for me to build the kind of
business that the Related Companies has become,"
Ross said. "The quality of U-M's people and education
has always made me proud to be a part of the institu-
tion."

M. Ross School of Business.
Ross, 64, earned his degree in accounting from U-M
in 1962 and is founder, chairman and chief executive
officer of the Related Companies. The firm's real estate
portfolio, valued in excess of $8 billion, makes it one of
the most prominent real estate developers in the coun-
try, and is the largest shareholder in CharterMac, the
country's largest financier of affordable housing with
about 250,000 units in 44 states.
His company developed the $1.7 billion Time
Warner Center in New York City's Columbus Circle.

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