Feld Family Foundation Pledges $10 Million to Boston University

in News Releases, University Affairs
September 23rd, 2009

Contact: Colin Riley, 617-353-2240 | criley@bu.edu

(Boston) – Boston University President Robert A. Brown announced today that the Feld Family Foundation has pledged $10 million to enhance the university’s faculty development and other university projects.

The Feld Family Foundation is a private, philanthropic organization administered by the entire Feld family, including Kenneth Feld, a 1970 School of Management graduate; Bonnie Feld (College of Arts & Sciences `73); and their daughters Nicole, Alana (College of Communication `02) and Juliette, that is dedicated to supporting higher education, the performing arts and conservation of the endangered Asian elephant.

Prior funding from the Feld Family Foundation to Boston University has resulted in the establishment of the Feld Family Career Center at the university’s School of Management and the Feld Family Skating Center at Agannis Arena. This new pledge granted by the Feld Family Foundation is a key facet in BU’s multi-year development plan led by Dr. Brown and the Board of Trustees.

“The Feld family’s generous gift points directly to the heart of the university’s commitment to support and strengthen the quality of the faculty,” said Brown, citing the university strategic plan’s first and foremost goal. “Furthermore, the family’s philanthropic initiative provides a shining example for alumni and friends of the university to emulate. We truly appreciate their leadership and support.”

Kenneth Feld, chairman and CEO of Feld Entertainment and a BU trustee and chair of the Trustees’ Development & Alumni Committee, designated $7.5 million through the family’s foundation to establish three endowed professorships in each of the three schools attended by Feld family members:

• The Feld Family Professorship of Marketing in the School of Management
• The Feld Family Professorship of Teaching Excellence in the College of Arts & Sciences, the university’s largest college
• The Feld Family Professorship of New Media in the College of Communication

The balance of the donation will be allocated for university purposes by mutual agreement.

“Our goal at the Feld Family Foundation is to support higher education, particularly as it relates to those educators setting the pace and challenging the minds of tomorrow’s leader,” said Kenneth Feld. “We are an alumni family and we have all benefited from our experiences with BU and are very pleased with the direction Dr. Brown is taking the university. We feel through the Feld Family Foundation we are in a position to give back to BU so that others can experience the same opportunities.”

Feld Entertainment is the world’s leading producer and presenter of live family entertainment. A privately owned and operated family company, Feld Entertainment is the parent company of Ringling Bros. and Barnum & Bailey®, Feld Motor Sports, Disney On Ice, and Disney Live! With more than 5,000 performances annually and tours in over 65 countries on six continents, the company’s shows are seen by more than 30 million people each year.

“The magnanimous pledge by Kenneth and the Feld Family Foundation is truly commendable for its focus on fortifying our teaching resource,” said BU Trustee Chair Robert A. Knox. “Their support ensures that our commitment to excellence will be achieved.”

BU Trustee Alan M. Leventhal, the former chair of the Board who oversaw the development of the current 10-year, $1.8-billion strategic plan, said, “The Feld Family Foundation’s gift is magnificent and particularly important to Boston University. Not only has Kenneth’s leadership role as a trustee been critical to the university, but as an alumni family, he and Bonnie have set a new standard of generosity. They have made family philanthropy, including their three daughters, a top priority. Their example will continue to inspire alumni giving to the university for years to come.”

Comments are closed.