In September 2004, when New York real estate developer made his first $100 million gift to the Ross School, the University of Michigan Regents renamed the school Stephen M. Ross School of Business at the University of Michigan.
Mr. Ross made history again, in September 2013, when he committed an additional $200 million to the university, distributed between the Ross School and the university’s athletic department.
In 2017, he donated an additional $50 million to the business school. Today, his lifetime giving to the university is $378 million, making him the university’s largest donor.
Stephen M. Ross Gift
Watch the press conference following Mr. Ross’ 2013 gift to the University of Michigan
Victors for Michigan Campaign Kickoff
The name Stephen M. Ross is already familiar to many University of Michigan students and alumni. The Ross name stands for an unparalleled commitment to excellence, an enduring sense of civic responsibility and business brilliance.
In naming the business school for Steve Ross, we reflect these values.
Stephen Ross founded his company in 1972. He remembers writing up a business plan in which he charted his strengths and the areas he needed to be complemented. “The most important thing is to surround yourself with really great, smart people and to create an environment where everyone can benefit,” Ross said.
Real Estate Developer
Stephen Ross is chairman of Related Companies, an industry-leading, international real estate development company he founded in 1972.
Related has developed more than $22 billion in real estate, including luxury residential buildings, commercial properties, and affordable housing.
Ross has risen to be one of the country’s preeminent developers and has become known for his creativity and for specializing in destination making mixed-use complexes that combine office space, hotels, shopping, restaurants, etc. such as the Time Warner Center, as well as City Place in West Palm Beach, Florida. Both of these developments won Related the Urban Land Institute Award for Excellence in the Mixed-Use Large-Scale category. He is now transforming the west side of Manhattan with the development of the 28-acre Hudson Yards.