St. Louis University is renaming its business school after well-known donor and alumnus Richard Chaifetz.
The university announced Tuesday that a $15 million gift from Chaifetz and his wife, Jill, earned him naming rights to the school and a center focused on entrepreneurship that’s housed within the business school.
The school will be renamed the Richard A. Chaifetz School of Business. Since 2000, the school has been named for John Cook, who gave an undisclosed amount of money for the naming rights.
Dean Mark Higgins said Cook agreed to make the naming rights available if it helped the school in fundraising during SLU’s 200th birthday celebration.
The actual building, John and Lucy Cook Hall, will continue to carry the couple’s names. They donated $5 million toward its construction in 1999.
Chaifetz’s $15 million gift is the lead donation so far for the current budget year.
Read more: St. Louis Post-Dispatch