A long-time family of supporters of the Wisconsin School of Business recently donated a large sum of money to help begin an endowment deanship.
The deanship, previously paid for with university funds, will be fully paid for by Albert Nicholas and his wife Nancy Nicholas.
The gift from the Nicholas family is a part of last year's Wisconsin Naming Gift where 13 donors collaborated to give 85 million, ensuring the school's name did not change for at least 20 years.
The recent donation is not the only gift the Nicholas family has given to the university. In 2003, Nicholas contributed a 6.4 million donation to start the Nicholas Center for Corporate Finance and Investment Banking at the school. In addition, they provided 10 million for the Nicholas-Johnson Pavilion at the Kohl Center.
Nicholas earned his undergraduate degree in economics from UW-Madison in 1952 and his master's of business administration two years later.
