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Harvard University and Harvard Business School Receive $40 Million Donation

October 2012

Harvard University and Harvard Business School have received a $40 million gift from a Dr. James Si-Cheng Chao and Family Foundation. The gift was given in tribute to the life and legacy of the late Ruth Mulan Chu Chao, beloved matriarch of this most prominent and accomplished Chinese-American family. It will support both students in the Master in Business Administration (MBA) program and participants in the School’s Executive Education programs. The Chao family — the only one in the School’s history to have had four daughters attend — poignantly made their gift during the 50th anniversary celebration of women in Harvard’s full–time MBA program and the 375th anniversary of Harvard University.