Two UW-Madison alumni announced a combined donation of $5 million to the School of Business earlier this month.
Michael Lehman, vice-president and chief financial officer of Sun Microsystems, is donating $4 million, and David Grainger, senior chairman of W.W. Grainger, is giving $1 million to the school to help recruit and retain faculty.
The gifts will fund a program called the \Life Cycle Model for Faculty Support,"" which offers benefits packages designed to meet faculty needs at different points in their careers.
The program has already hired four new faculty members and successfully retained a fifth who had received other job offers.
""These gifts enable us to be more aggressive in hiring and retaining faculty,"" outgoing Buiness School Dean Andrew Policano said in a statement.
Grainger, who donated $10 million toward the construction of the Business School building that bears his name, is a 1950 graduate of the UW-Madison School of Engineering. Lehman received an undergraduate business degree from UW-Madison in 1974.