Columbia Business School has announced a $75 million commitment from entertainment executive David Geffen in support of the school's new facilities on Columbia University's Manhattanville campus.

Awarded through the David Geffen Foundation, the funding will support one of two business school buildings scheduled to open in January 2022. The eight-story structure will house dedicated spaces for academic programming, study groups, and formal and impromptu meetings, serving as a conduit for student collaboration and networking. In recognition of the gift, the building will be named David Geffen Hall; it will face its architectural companion, Henry R. Kravis Hall — named for the co-chair of the business school's board — across a central square. The two buildings will double the school's square footage, allowing for the reimagination of business education in dynamic, flexible spaces designed to foster learning and collaboration.

"Modern business is predicated on the expanded adoption of technology, data, and advanced analytics alongside the fundamentals of traditional business education," said Costis Maglaras, dean of Columbia Business School and the David and Lyn Silfen Professor of Business. "Our new facilities on the Manhattanville campus reflect this reality, creating a truly collaborative and immersive business school experience that is unique to Columbia Business School. On behalf of the entire Columbia community, I want to offer my sincerest gratitude to David for his partnership, as well as to Henry for his longstanding and consummate support of the school."