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Goldman, Sachs & Co. contributes to new IU business facility
April 12, 2001
BLOOMINGTON, Ind. -- Goldman, Sachs & Co. on Friday (April 13) will present a gift of $300,000 to the Indiana University Foundation to support IU's Kelley School of Business.
The gift will support the Kelley School's new $32 million Corporate and Graduate Center scheduled to open in fall 2002.
"Goldman Sachs has enjoyed a tremendous partnership with Indiana University. The IU Kelley School specifically has provided a number of graduates who have excelled in our organization. We also enjoy a great relationship with IU faculty, including Professor Robert Klemkosky, chair of the school's finance department," said Jay Goodgold, Goldman Sachs managing director, who will present the gift to Kelley School Dean Dan Dalton.
"This is a marvelous expression of support from our alumni and friends at Goldman Sachs, and we appreciate their ongoing support of our students and faculty," Dalton said.
The Corporate and Graduate Center, a 181,500-square-foot structure, is currently under construction at the corner of Tenth Street and Fee Lane on the IU Bloomington campus, directly across from the Kelley School building.
The Corporate and Graduate Center and adjacent parking facilities comprise the first phase of a larger construction project. The second phase will include renovating and updating the existing Kelley School building and constructing a new auditorium complex.
The center will house the Kelley School's MBA program, systems and accounting graduate programs, offices and classrooms, Kelley Executive Partners facilities, research centers and institutes, and interview facilities for Graduate Career Services, which is visited by more than 650 firms each year that recruit Kelley MBA students.
Among the many innovations featured in the center will be enhanced connections, through some 2,600 data ports, for Internet research, distance education and video-conferencing. A sophisticated trading room, powered by four research data bases, will allow MBA students unparalleled research capability and will allow them to execute real-time stock transactions.
In recognition of the $300,000 contribution from Goldman Sachs, a 60-station classroom near the trading room will bear the firm's name.
The existing building and the Corporate and Graduate Center will be connected by means of a transverse section spanning Fee Lane. This multistory wing will house administrative office space.
IU's Kelley School of Business offers undergraduate and graduate education programs to approximately 4,600 full-time students on its Bloomington campus and approximately 1,200 students on its Indianapolis campus. For 80 years, the Kelley School has stood at the forefront of curriculum innovation in management education. U.S. News & World Report ranks its full-time undergraduate program among the nation's top 10, and Business Week ranks its full-time MBA program among the top 20. For more information, call 812-855-8100 or visit the Kelley School's Web site at http://www.kelley.iu.edu
The Goldman Sachs Group Inc. is a leading global investment bank and securities firm, providing a full range of investing, advisory and financing services worldwide to a substantial and diversified client base, which includes corporations, financial institutions, governments and high net worth individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in London, Frankfurt, Tokyo, Hong Kong and other major financial centers around the world.
(Margaret Garrison, Kelley School, 812-855-3369, magarris@indiana.edu or Andrea Thabit, Goldman Sachs, 212-357-0025, andrea.thabit@gs.com)