April 25, 2011
Maryland Law School Sells Naming Rights for $30 MillionUniversity of Maryland School of Law press release:
Today the W.P. Carey Foundation announced a gift of $30 million to the University of Maryland School of Law. The gift is the largest in the School's history, one of the top 10 largest gifts to any law school, public or private, and one of the largest in the history of the University System of Maryland.
The gift will enable the School of Law to strengthen its programs, with a special emphasis on faculty support, and increase the School’s endowment. In addition to the gift, the University of Maryland has committed to raise $15 million to support the School of Law. ...
The School of Law will be named the University of Maryland Francis King Carey School of Law after W. P. Carey's grandfather who is a graduate of the law school (Class of 1880) and co-founder of what is now the largest law firm in the world: DLA Piper (previously Carey, Piper and Hall).
See also Law School Naming Rights: $25 Million (July 13, 2007): "[T]he current market rate for a law school's name has been set (in round figures) at about $25 million."
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Where's Spiro Agnew when you need him?
Posted by: mike livingston | Apr 25, 2011 3:50:10 PM
Think of the revenue that could be generated by selling the naming rights to this blog, something like the "Coca-Cola TaxProf Blog."
Posted by: Woody | Apr 25, 2011 8:27:55 PM