University of Chicago Gets $100 Million Gift for Business School

Private equity investor Konstantin Sokolovhas donated $100 million to the University of Chicago Booth School of Business, giving it a potential lifeline at a time when elite US colleges risk losing billions of dollars in federal funding.

Sokolov dedicated the funds to the school’s executive MBA program, from which he graduated 20 years ago. The University of Chicago said the gift will ensure the program can continue to offer scholarships and afford its operations. Founded in 1943 to address wartime demand for skilled administrators, the executive MBA curriculum will be renamed after him.

“Sokolov’s gift will strengthen Chicago ...