Vanderbilt Law bags $10 million gift from alumnus - Reuters

REUTERS/Andrew Kelly

Vanderbilt Law School on Wednesday unveiled a $10 million donation from alumnus and private-equity entrepreneur Justin Ishbia.

The Nashville school said it would use the funding to advance its “strategic priorities.”

"We plan to use Justin’s generous gift to recruit and support top students and to enhance the student experience through a building renovation project that will add classroom space, create a student support suite and enrich co-curricular and extra-curricular life," Vanderbilt Law Dean Chris Guthrie said in an email Wednesday.

Ishbia graduated from Vanderbilt Law in 2004 before launching Shore Capital Partners LLC — a private equity firm with offices in Chicago and Nashville. He credited his law school experience with helping him come up with the business plan for what would eventually become Shore Capital.

“With this latest gift, I want to enable and expand upon the types of experiences I’ve had at the law school and on the Vanderbilt campus for future generations of students and scholars,” he said in a prepared statement.

Ishbia, who is a member of the law school’s board of advisors, also donated to the school in 2015 to create the Justin R. Ishbia Scholarship, which helps recipients fund their legal education.

It’s not the largest gift on Vanderbilt Law’s books. Alumnus and former university trustee Mark Dalton and his family donated $12.75 million in 2019 to endow its law and business program.

(This story has been updated to include further comment from Vanderbilt Law Dean Chris Guthrie.)

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source: https://www.reuters.com/legal/legalindustry/vanderbilt-law-bags-10-million-gift-alumnus-2021-10-06/

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