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Wpg. Free Press: Alum donates $10 million to Asper School of Business

June 17, 2019 — 

As the Winnipeg Free Press reports:

Stu Clark, a class of 1976 University of Manitoba commerce grad, has made another huge gift to the Asper School of Business.

Clark, who made his fortune in the Alberta oil industry, has donated $10 million to the U of M’s Asper School of Business graduate school, upping his total contributions to the school to just shy of $20 million.

Clark’s generous gift — he refers to it as an investment — pushes the U of M’s Front and Centre capital campaign to $352 million. Its goal is $500 million and John Kearsey, the U of M’s vice-president of external relations, said the school could be in a position to wrap up the campaign next year. The campaign had originally sought to source $150 million from the provincial government, but those discussions have now been put on pause with the expected election blackout period.

The Asper School already has the Stu Clark Centre for Entrepreneurship and it will now also have the Stu Clark Graduate School.

Clark’s ongoing patronage of the school likely makes him the second-largest contributor to the campaign — next to the $30-million donation from the Rady family — which is the largest philanthropic campaign in the history of the province.

Read the full story here.



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