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Wall Street Journal: "Pace Law School Gets Mega-Gift, New Name"

05/05/2016 News Release Image

Wall Street Journal: "Pace Law School Gets Mega-Gift, New Name"

Jacob Gershman reported on the major gift and name change for Pace Law School.

From the Wall Street Journal Law Blog:

"It’s the season of giving in the legal education world.

Pace University’s law school outside of New York City is the latest school to benefit from a burst of largesse. A German family has donated what the university says is the largest gift in its history.

The law school is announcing the donation Thursday along with news that it’s renaming itself after the donors’ late matriarch, Elisabeth Haub, a philanthropist and businesswoman who championed environmental causes.

Pace isn’t saying how much it received  at the donor’s request. But school officials say it’s comparable to recent donations made to law schools at George Mason University and Villanova University. Those schools announced gifts of $30 million and $25 million, respectively.

Pace says the money will establish a law school endowment and fund a scholars program within its top-ranked environmental law program. The gift will also endow chairs in environmental law, public international law, the school said. The new name of the school will be the Elisabeth Haub School of Law.

The money comes from the son and daughter-in-law of Elisabeth Haub, who died in 1977. The Haub family owns the Tengelmann Group, a retail conglomerate.

The money comes at a pivotal time for Pace, which has been buffeted by the nation-wide downturn in the legal-education market. Law Blog recently reported that its faculty and staff were forced to take pay cuts to save money for a tuition-matching program.

“We are enormously thankful for the Haub family’s support of our distinctive ‘path to practice’ model of legal education,” the school’s dean, David Yassky, said in a statement. “At a time when many law schools are retrenching, this gift allows us to strengthen our program, especially the in-the-field learning that we believe is so crucial for students’ success in practice.”

Read the original story on the Wall Street Journal Law Blog: http://blogs.wsj.com/law/2016/05/05/pace-law-school-gets-mega-gift-new-n...