The Carlson School of Management received a $1.25 million donation Monday, its largest ever from a foreign-born donor.
German businessman and University alumnus Michael Illbruck earmarked $1 million of his gift to provide tuition fellowships to Carlson school MBA students concentrating on international management. The remaining $250,000 will be used as seed money for the launch of the school’s executive MBA programs in China and Vienna, Austria. Both programs are scheduled to begin in the 1999-2000 academic year.
Illbruck heads a German-based industrial products manufacturing firm with a plant in Minneapolis. He earned his bachelor’s degree from the University in 1985 and his MBA from the Carlson school in 1987.
Illbruck and Carlson school Dean David Kidwell will publicly discuss the donation, as well as the expansion of the executive MBA program, at noon today in the Carlson school Board Room.
— Kane Loukas