DARTMOUTH – The University of Massachusetts Dartmouth has raised $1.5 million for the expansion of the Charlton College of Business, securing an additional $3 million donation from the Charlton Charitable Trust for the $15 million project.
The Charlton College of Business Learning Pavilion will provide additional spaces for technology labs, group study areas, and “smart” classrooms, all designed to enhance learning for business students. The Charlton Trust donation, first announced in 2012, included $1.5 million contingent on the university raising matching funds.
“Today’s announcement is a major milestone for UMass Dartmouth in advancing the education of undergraduate and MBA students, and it is made possible by the generosity of the Charlton Trust and donors who value the leadership, students and faculty of the Charlton College,” said UMass Dartmouth Chancellor Divina Grossman. “This is an investment in the success of students who will become the leaders of our future economy, and positions us to continue raising private funds to support these students.”
Having reached the $1.5 million goal set by the Charlton Trust, UMass Dartmouth has now set its sights on raising more from external sources and met earlier this week with Charlton Trust representatives and the region’s financial institutions that have supported the new learning wing.
The Charlton College of Business, named for Fall River entrepreneur Earle P. Charlton, has been recognized by the Princeton Review as one of the 290 Best Business Colleges in the U.S. and by U.S. News & World Report as one of the Best Colleges of Business and Business Graduate Schools in the country.
“I am pleased that entrepreneurial, talented and industrious students of the region will have access to the learning spaces they deserve,” said Earle P. “Chuck” Charlton II, grandson of the business school’s namesake. “This project will ensure that our students and the companies that employ them will remain competitive in the fast-evolving global economy.”