The UM Ross School of Business has received more than $50 million in contributions to support student programs. // Courtesy of the University of Michigan

The Ross School of Business at the University of Michigan in Ann Arbor received more than $50 million in contributions for its Foundations for Success student fundraising initiative announced last fall.

The Foundations for Success initiative, which aims to increase access to top-rated business programs and support for Michigan Ross students, aims to raise $200 million. By the end of the most recent fiscal year, the school had raised $50.4 million, more than 25 percent of its goal, including $2.5 million from two new gifts.

“We are very grateful to our donors for their support of this initiative,” says Sharon Matusik, Edward J. Dean of Business. Freya in Michigan Ross. “Their support will greatly assist our students and make the opportunity to receive a world-class education at Michigan Ross more accessible to students of diverse backgrounds and backgrounds.”

The Ross School recently received two major gifts totaling $2.5 million to support students in the Bachelor of Business Administration and MBA programs.

Howard Epstein and his wife, Sharon Epstein, have committed $1 million to establish the Sharon and Howard Epstein Family Scholarship for exceptional BBA students participating in one of Michigan Ross’s diversity outreach programs.

These programs, which include the Preparation Initiative, Summer Business Academy, MREACH, and Ross Summer Connection, help prepare high school and BBA students to succeed in the challenging academic environment at Ross.

“Sharon and I both believe in the importance of removing barriers to higher education,” says Howard. “We are delighted to know that our new scholarship will help open the door to a Ross BBA education for many aspiring students in the coming years.”

Ross School Advisory Board member Timothy Sloan and his wife, Eliza Sloan, also made a $1.5 million gift to the 2020 Michigan Ross Sloan Family Scholarship to provide need-based support to MBA students with leadership potential.

“Some of the brightest minds in business graduate with an MBA from Michigan Ross,” says Timothy Sloan. “As we continue to invest in the Sloan Family Scholarship, we hope to build on the legacy of the school’s leadership and its distinguished MBA alumni.”