[Note: This story appears online in advance of the
Dec. 11, 2006, print edition of The Gazette.]
Johns Hopkins University trustees, in response to a
$50 million gift for business education, voted Dec. 4 to
establish both an innovative new business school to produce
leaders with broad, interdisciplinary preparation and an
education school dedicated to the most pressing needs of
the nation's public schools.
The Carey Business
School and the
School of Education will both begin operations Jan. 1,
building new and distinctive programs on the foundation
created by the university's
School of Professional
Studies in Business and Education, which will cease to
William Polk Carey
The Carey Business School will be launched with a $100
million funding plan, $50 million in the form of a gift
from trustee emeritus William Polk Carey through his W.P.
Carey Foundation. It is the largest gift ever to Johns
Hopkins in support of business education. The university
will raise the additional $50 million from other donors.
Carey is chairman of W.P. Carey & Co. LLC, a New York City
real estate investment firm.
"More than a century ago, Johns Hopkins University
forever broke the mold in American medical and graduate
education, establishing revolutionary new approaches that
remain central even today to the preparation of physicians
and scholars," said William R.
Brody, president of the university. "Bill Carey's
generosity makes it possible for Johns Hopkins to break the
mold again, this time in the education of our nation's
leaders in finance, industry and entrepreneurship."
The Carey School, Brody said, will make its mark
producing leaders armed with both specialized business
skills and cross-disciplinary knowledge from other
top-ranked Johns Hopkins programs. Already, SPSBE in
cooperation with other Johns Hopkins schools offers joint
master's/MBA programs in biotechnology, public health and
nursing. It also has an MBA program in medical services
management and certificate programs in the business of
medicine and business of nursing.
The Carey Business School will further develop such
programs, Brody said, and add a five-year BA-BS/MBA option
for liberal arts and engineering majors from the
university's undergraduate programs. Students seeking
admission to the five-year program may prepare for
graduate-level management education by taking the W.P.
Carey Minor in Entrepreneurship and Management, established
in 1996, in addition to their undergraduate majors.
"The key to future economic growth is quality business
education, and this school will be dedicated to producing
our country's next generation of business leaders," said
Carey, who said the establishment of a business school at
Johns Hopkins had been a dream of his for more than 50
"Johns Hopkins, one of the leading universities in the
world, has played an important role in the history of my
family," Carey said. "I am pleased that 130 years after its
founding by my cousin Johns Hopkins, I am able to add to
his legacy by enhancing the university's contributions of
knowledge to the world."
The gift to Johns Hopkins marks Carey's second $50
million gift in support of business education. His 2003
donation to Arizona State University established the W.P.
Carey School of Business there. The new Johns Hopkins
school is named for his great-great-great-grandfather James
Carey of Loudon, an 18th- and 19th-century Baltimore
shipper, member of Baltimore's first city council, chairman
of the Bank of Maryland and relative of university founder
Johns Hopkins. James Carey is an ancestor of a number of
trustees of the university and The Johns Hopkins
The university is launching immediately a national
search for a dean of the Carey Business School, Brody said.
The dean must be a business expert with the energy and
creativity to make a reality of a new vision for business
education and to build the school into a recognized leader
among the nation's business schools.
The dean of the School of Education will be Ralph
Fessler, a Johns Hopkins faculty member and academic leader
since 1983 who became interim dean of SPSBE in 1999 and has
served as dean since 2000.
Under his leadership, Brody said, the School of
Education will bring research-based approaches to bear on
the top priority needs of the nation's pre-K to 12th-grade
Training excellent teachers,
including those recruited from among midcareer
professionals or from other nontraditional sources.
Retaining those teachers in the
classrooms where they are most needed.
Developing quality principals and
other school leaders.
Helping children with special
needs reach their full potential.
Developing proven, research-based
curricular reforms focused on school improvement, and
Ensuring a safe school
"Johns Hopkins already awards about 500 master's
degrees in education a year, more than any other Maryland
institution," Brody said. "A free-standing School of
Education under Dr. Fessler's leadership will have the
freedom to become even more innovative in building
relationships with Maryland schools and in developing best
practices for school-university partnerships
Fessler said a recently opened state-of-the-art
headquarters for the Baltimore-based operations of the
school--in the former Seton High School building on North
Charles Street--provides a major head start in developing a
School of Education that will be a national leader in
pre-K-12 school reform.
"The Johns Hopkins School of Education will be known
for its outreach to school administrators, teachers and the
children they serve," Fessler said.
Carey's $50 million commitment counts toward the total
of the Johns
Hopkins Knowledge for the World campaign, which, as of
Nov. 30, had raised more than $2.349 billion toward its
goal of $3.2 billion by the end of 2008. Priorities of the
campaign, which benefits both The Johns Hopkins University
and Johns Hopkins Hospital and Health System, include
strengthening endowment for student aid and faculty
support; advancing research, academic and clinical
initiatives; and building and upgrading facilities on all
campuses. The campaign began in July 2000.