Johns Hopkins Launches New Schools of Business, Education; $50 Million From Carey Foundation to Help Establish Innovative MBA Program.

(From AScribe)

BALITMORE -- Johns Hopkins University trustees, in response to a $50 million gift for business education, voted Monday to establish both an innovative new business school to produce leaders with broad, interdisciplinary preparation and an education school dedicated to the most pressing needs of the nation's public schools.

The Carey Business School and the School of Education will both begin operations Jan. 1, building new and distinctive programs on the foundation created by the university's existing School of Professional Studies in Business and Education.

The Carey Business School will be launched with a $100 million funding plan, $50 million in the form of a gift from trustee emeritus William Polk Carey through his W. P. Carey Foundation. It is the largest gift ever to Johns Hopkins in support of business education. The university will raise the additional $50 million from other donors. Carey is chairman of W. P. Carey & Co. LLC, a New …