Young alum gives University major gift

Prince

n what appears to be the largest University gift ever by an individual under the age of 40, Brian Prince '86, '89S (MBA) is making a $2 million commitment to start a fund that promotes democratic principles and open markets.

Prince, a former Gates resident and now corporate executive officer for Shinsei Bank Ltd. in Tokyo, is creating the Prince Family Open Society Fund partially in response to the September 11 terrorist attacks.

"I worked in the World Financial Center for the majority of my career in New York and personally lost friends and college classmates when the World Trade Center buildings collapsed," Prince says. "But on a global scale, the attacks were an attempt to destroy the epicenter of what free-market capitalism is all about and the democratic principles behind an open society--principles represented by and taught at the University."

Announced on November 12 by President Jackson, the gift provides an initial $1 million--with a pledge of an additional $1 million in the future--to support scholarship activity in several disciplines that have personal meaning to Prince, including the Alumni Scholarship Fund and the Athletic Department, the William E. Simon Graduate School of Business Administration, and the Jeremy Glick Fund, which honors the 1993 alumnus and fellow Alpha Delta Phi fraternity brother who died on September 11 aboard United Flight 93 in Pennsylvania.

"Brian Prince exemplifies the entrepreneurial spirit and global outlook that we try to cultivate in all of our students," says Jackson. "It's exceptional not only that Brian's able to make such a generous commitment at such a young age, but that he has the character to do so. This fund will be used in ways that honor this spirit."

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