A landmark donation of $ 50 million from Peter Nolan ’80, MBA ’82 and Stephanie Nolan ’84, announced at a campus event on September 17, will establish the Cornell Peter and Stephanie Nolan School of Hotel Administration and provide scholarships to expand access to education for future generations of hotel business leaders.
The donation will support financial aid to the school – a global leader in hospitality management education for nearly 100 years – and will reaffirm the university’s commitment to unnecessary admission and social diversity. -Economic enlarged.
“Education is the best equalizer we have because it really gives everyone an equal chance for the future,” said Peter Nolan, who, along with Stephanie, has made several major commitments to the university over the past 13 years. years, including an investment of $ 6 million. gift in 2017 to support the veteran students of the Samuel Curtis Johnson Graduate School of Management, which is part of the Cornell SC Johnson College of Business. “The least we can do is give everyone the same platform that they can step out of and realize what it is they’re going to be successful at.
“[We want to] keep students in programs in school that are not only in tune with what’s going on now, but also predict some future trends in the industry, ”said Stephanie Nolan, herself a hotel operator as undergraduate student. “It’s really important to keep them in the front of the game, like the school always has been. “
“The School of Hospitality Administration doesn’t just train graduate workers,” said Peter Nolan. “They prepare future leaders.
The historic Nolan donation will be matched, one to three, by challenge funds from H. Fisk Johnson ’79, M.Eng. ’80, MS ’82, MBA ’84, Ph.D. ’86, and the SC Johnson Company. The match, as part of their giveaway to nominate the Cornell SC Johnson College of Business in 2017, will generate more than $ 16 million in financial aid to support students at Samuel Curtis Johnson Graduate School of Management and Charles H Dyson School of Applied Economics and Management.
“For nearly a century, Cornell School of Hospitality Administration has offered the most relevant and revolutionary hotel management education in the world,” said President Martha E. Pollack. “Thanks to their scholarship, its professors shape the entire industry and its alumni – our ‘Hospitality’ graduates – hold leadership positions around the world. The Nolans’ extraordinarily generous donation, by supporting affordability, will ensure that “any student” can become a hotelier.
As the first hospitality school in the United States, Cornell’s School of Hotel Administration has defined hospitality. The school has evolved to keep pace with the growing demands of the hospitality industry, earning degrees from accomplished alumni who have shaped all facets of the world’s largest and most dynamic industry. Today, Nolan School provides students with a rich and focused educational experience in everything from real estate and finance to entrepreneurship and food and beverage management.
“This gift will transform the School of Hospitality Administration and provide even greater access to more students,” said Andrew Karolyi, Dean of Cornell SC Johnson College of Business and Harold Bierman Jr. Distinguished Professor of Management . “The school is already world renowned for our undergraduate program, hospitality and real estate graduate programs, and we can now extend our breadth and depth even further.”
“For nearly 100 years, the School of Hospitality Administration has pushed the boundaries of knowledge, education and research. for the hospitality and real estate industries, ”said Kate Walsh, MPS ’90, dean of the Nolan School and EM Statler professor of management. “This incredible gift will help generations of future students and sustain us for the next 100 years.”
In 2011, the Nolans endowed what is now the David J. Nolan Deanship of the Charles H. Dyson School of Applied Economics and Management, in honor of Peter’s father, David Nolan ’49, MS ’51, a graduate of the Dyson School, then known as the Department of Agricultural Economics.
In addition to their commitment to veteran students, the Nolans have endowed scholarships to support Cornell’s needless admission policy and to provide graduate business education opportunities at the Samuel Curtis Johnson Graduate School of Management.
Peter Nolan, Founder and Chairman of Nolan Capital and Senior Advisor at Leonard Green & Partners, is Presidential Advisor and Board Member Emeritus, where he served from 2004 to 2016. He currently sits at Cornell SC Johnson College. the Business’s Leadership Council and the college’s ad hoc campaign committee.
Stephanie Nolan previously worked for L’Ermitage Hotel Group and was the Resident Manager of Sunset Marquis, a luxury hotel in West Hollywood, California.
The Nolans live in Hermosa Beach, California, and have a house near Ithaca where they spend part of the year. Their three children are all Cornell graduates: Michael Nolan ’16 (Dyson / College of Agriculture and Life Sciences); Robert Nolan ’18 (Dyson / CALS); and Elizabeth Nolan ’20 (SHA), MPS ’21.