Personal Giving Stories
Erb family supports education of environmentally and socially conscious business leaders
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| Fred and Barbara Erb |
Fred (BBA ’47) and Barbara Erb, of Birmingham, Mich., and Naples, Fla., care deeply about the environment, and they want the next generation of business leaders to share their concern.
To that end, the Erbs recently made a $10 million gift to significantly enhance the research and education initiatives of the University’s Frederick A. and Barbara M. Erb Institute for Global Sustainable Enterprise. The innovative program, a partnership between the Stephen M. Ross School of Business and the School of Natural Resources and Environment, was known until April as the Frederick A. and Barbara M. Erb Environmental Management Institute.
The couple’s magnanimous gesture builds
upon their two earlier gifts of $5 million each
to establish the Institute, representing the
largest known commitment to a university for
interdisciplinary teaching and research in the
area of global sustainable enterprise. This field
explores how organizations throughout the
world can achieve long-term success by harmonizing
economic, environmental and
social interests.
With the Erbs’ new gift, the Institute will be able to greatly increase the size of the MBA/MS program, already the largest such academic program of its kind. Students in the program complete a challenging blend of research, coursework and projects related to business, the environment and sustainability.
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