The gift is expected to substantially improve Tuck’s ability to recruit the best students.
Read the full story, published by the Tuck School of Business.
In a gift that ties the record for the largest philanthropic donation ever given to the Tuck School of Business, Paul Raether, Tuck ’73, and his family have donated $15 million in support of scholarship funding.
“This gift will have a tremendous impact on one of Tuck’s most important strategic priorities: enrolling incoming students who aspire to wise leadership, and who will contribute to and thrive in Tuck’s distinctly immersive learning community,” says Luke Anthony Peña, executive director of admissions and financial aid.
This historic gift comes at the end of a banner year for scholarship fundraising for Tuck. Tuck alumni in 2017 pledged or gave $20 million for scholarship support, which will substantially strengthen Tuck’s ability to enroll outstanding students who, absent funding, might not attend the school.
The decision to give this gift was made by Raether and his wife, Wendy, and their three daughters and their husbands, including Alexa Raether Maddock, Tuck ’03, and her husband, Fernando Maddock, Jr., Tuck ’03. The Raethers are long-time supporters of Tuck who have benefited nearly every aspect of the school.