The University of Pennsylvania’s Law School is being renamed. Now, it will be referred to as the University of Pennsylvania Carey Law School. This follows a record-setting $125 million donation from the W. P. Carey Foundation.
“The Carey Foundation’s historic gift will further elevate an outstanding multidisciplinary program of legal education at the University of Pennsylvania,” Penn President Amy Gutmann says in a press release. “The Carey family and the Foundation have deep roots at Penn as dedicated alumni and generous supporters of the University’s educational mission and its students. Through this partnership their philanthropy will benefit generations of law students, the profession, and the rule of law. We are grateful for and inspired by their leadership and their commitment to the University.”
The donation, the largest in the school’s history, will help support interdisciplinary and entrepreneurial programming, according to the ABA Journal.
HISTORY WITH UPENN
The W. P. Carey Foundation has had long ties with the university. For generations, Carey family members have attended UPenn over the past three centuries.
According to a UPenn press release, the multi-million dollar gift will honor the family’s legacy, in particular, the first President of the W .P. Carey Foundation, Francis J. Carey and his brother Wm. Polk Carey, founder of the W.P. Carey Foundation.
“The W. P. Carey Foundation shares Penn’s fundamental conviction that the study of law must be connected with the insights of other disciplines,” William P. Carey II, WG’ 19, Chairman of the W. P. Carey Foundation, says in a press release. “This gift will bolster cross-disciplinary opportunities for law students at Penn’s 11 other top-ranked graduate and professional schools, preparing the next generation of leaders in the law, business, government, and in the public interest. This is a proud moment for both the Foundation and our family as we pay homage to the legacy of both Bill and Frank Carey.”