W. P. Carey Foundation Gives $50 Million To Johns Hopkins University

The W. P. Carey Foundation announced a $50 million gift to Johns Hopkins University’s Carey Business School, one of the ten largest private donations ever received by a U.S. graduate business school. The funds will strengthen entrepreneurship programs, startup accelerators, faculty professorships, and AI integration in courses, while deepening ties to Johns Hopkins Technology Ventures and the Pava Marie LaPere Center for Entrepreneurship. The donation aligns with the foundation’s mission to foster leadership in business and civic life, particularly in Baltimore. Carey Business School Dean Alex Triantis emphasized the focus on student success and economic impact, while Maryland Governor Wes Moore highlighted the gift’s role in innovation, job creation, and long-term prosperity for the region. The school will use the funds to expand MBA recruitment, enhance healthcare business education, and support technology commercialization. The W. P. Carey Foundation, founded in 1990 by philanthropist William Polk Carey, has previously donated $125 million to Johns Hopkins and nearly $450 million total to institutions like Arizona State University and the University of Pennsylvania. William P. Carey II, chair of the foundation, stated the gift reflects the foundation’s commitment to preparing professionals for leadership roles. The donation continues the family’s legacy of supporting education and community development, with Baltimore remaining central to its mission. Since 2007, the foundation has supported Johns Hopkins Carey Business School’s growth, reinforcing its reputation as a leader in healthcare business education and innovation. The new funds will further integrate AI into programs and strengthen industry partnerships in Baltimore.