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WF Parents Make $10 Million Commitment

by Betsy Chapman

A Wall Street CEO and his wife have pledged to give $10 million to Wake Forest University toward the construction of a new building for the Schools of Business designed to change the nature of business education.

Mike and Mary Farrell (P ’10) of Summit, N.J., parents of Michael Edward Farrell, a 2010 Wake Forest graduate, made history with their $10 million pledge, the largest cash commitment ever by living individuals to the University and the largest commitment to the Schools of Business to date.

The new home for the Schools of Business will use state-of-the-art technology and groundbreaking design to foster heightened faculty-student engagement. It will be built around a “living room” concept that brings faculty and students together in new ways, including flexible classrooms and collaborative spaces that take advantage of technological advances and allow for interactive learning.

The new building will be named Farrell Hall. See complete coverage of this major announcement on the Wake Forest web site and the Wall Street Journal or view a slide show.

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