A substantial gift of $30 million from University of Pittsburgh alumnus Michael Rees aims to transform the Pitt Honors College. This donation, meant to strengthen the David C. Frederick Honors College, was announced on Friday.
$30 Million Gift Expands Scholars Program at Pitt
Michael Rees, who graduated in 1997, is the co-president of Dyal Capital, now part of Blue Owl Capital Inc. He believes that his time at Pitt was pivotal in shaping his career. In a statement, he expressed, “My honors program experiences are what really shaped me into the person I am today.”
Enhancements to the Chancellor Scholarship Program
The $30 million gift will create an endowed fund that will expand scholarships for students in the Honors College. Specifically, it will support the existing Chancellor Scholarship program.
- Annual Scholarships: Each Rees-Chancellor scholar will receive funding for full tuition, room, and board.
- Enrichment Opportunities: Scholars will have access to annual opportunities covering costs for research projects and study abroad programs.
- Program Longevity: The initiative will add 16 new scholars each academic year, starting in the 2027-28 school year.
Recruitment Strategy and Support
The endowed fund will also enhance staffing within the Honors College. A dedicated team will focus on nurturing and supporting the Rees-Chancellor scholars throughout their educational journey.
- Recruitment Pipeline: The new staff will work to attract high-potential candidates, emulating strategies used in athletic recruitment.
- Guidance for Scholarships: They will help students prepare for prestigious international scholarships.
Future Aspirations and Goals
Pitt’s Honors College aims to be a top public university renowned for producing international scholars, including Rhodes and Fulbright scholars. Dean Nicola Foote highlighted the necessity of this initiative, stating, “This will ensure that students know early on that the University of Pittsburgh is excited about their potential.”
Chancellor Joan Gabel praised Michael Rees for his generous contribution. “His transformational gift not only ensures that the best and brightest continue to be served by Pitt, but that our Honors College continues its incredible momentum,” she stated.
This significant financial boost marks a promising future for the University of Pittsburgh’s Honors College, empowering future generations of scholars.
