Donor Supplies Funds For New Hampshire Business School

The University of New Hampshire has received its largest donation on record, a $25 million gift from Troy-native and UNH alumnus Peter T. Paul. The university plans to build a business school with the gift, naming it the Peter T. Paul College of Business and Economics, replacing the current Whittemore School of Business and Economics.

Paul, who graduated from UNH in 1967 and who made his fortune with home mortgages, previously contributed $10 million to the university to establish a pair of academic chairs. His current donation, while not covering the full amount needed for the new school, will allow UNH to go ahead with construction, a process which will take 12-18 months to complete.

According to published reports, the new college will expand the number of classroom seats from 700 to more than 1,000 and allow officials to meet a growing demand from students. The building also will include far more open space for students to work collaboratively, though no plans have been drawn up yet.

With the expanded space officials plan to increase the business college’s enrollment from about 2,100 to up to 2,500. The college also plans to expand its hospitality management program.

Located in Durham, NH the university has an enrollment of just over 11,000 undergraduate students and 2400 grad school enrollees. Founded in 1866, UNH has an endowment of $125 million.

(Source: New Hampshire Union Leader)

Photo ©2007 by Kyle Todesca

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