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The Johns Hopkins University has received a $50 million gift that will establish separate business and education schools, university officials announced late yesterday.</p>
<p>William Polk Carey, a trustee emeritus at Hopkins, is donating the money through his W.P. Carey Foundation. The gift is the largest to Hopkins in support of business education, the university said in a statement...</p>
<p>"More than a century ago, Johns Hopkins University forever broke the mold in American medical and graduate education, establishing revolutionary new approaches that remain central even today to the preparation of physicians and scholars," William R. Brody, president of Hopkins, said in a statement. "Bill Carey's generosity makes it possible for Johns Hopkins to break the mold again, this time in the education of our nation's leaders in finance, industry and entrepreneurship."...
The key to future economic growth is quality business education, and this school will be dedicated to producing our country's next generation of business leaders," Carey said.</p>
<p>The gift, one of the largest in Hopkins' history, is Carey's second $50 million donation in support of business education. In 2003, the foundation's donation to Arizona State University established the school's W.P. Carey School of Business.</p>
<p>The Hopkins business school will be named after William Carey's great-great-great-grandfather, James Carey, an 18th- and 19th-century Baltimore shipper, banker, member of Baltimore's first City Council and a relative of university founder Johns Hopkins.
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