CORAL GABLES, Fla., Feb. 16, 2024 (GLOBE NEWSWIRE) — Ensuring that the best and brightest have the opportunity to attend the University of Miami Bate and the Allan Herbert College of Business regardless of their financial means was the driving force behind an extraordinary gift from Mark E. Carbone.
The New York real estate developer has pledged more than $3 million through his educational foundation to create the Mark E. Carbone Education Scholarship for Future Business Leaders.
“Over the past quarter century, I have become very familiar with the University of Miami through my previous work at The Associated Group, and now my son is a student at the university,” Carbone recounted. “I believe that the university, like the city of Miami, is on an upward trajectory as it experiences a tremendous amount of growth. I want to play a role in that growth by ensuring that the College of Business is able to attract the best students possible.”
While Carbone feels strongly about enrolling gifted students, he feels equally strongly that finances should not hinder those same students.
“The ideal student for this scholarship is someone who is very hardworking, smart, hungry, comes from a family with less means, but still has good emotional support from their family and could really benefit from financial assistance,” Carbone explained. . “Education is the most important foundation of a human being's life. If someone can't go to Miami because they can't afford it, that's a shame. They should be able to go regardless of their financial situation.
Carbone also added an additional $340,000 to the spending account so the grant could be awarded immediately rather than waiting until the endowment was fully funded.
“Mark’s contribution is a true testament to what we stand for at Miami Herbert – that money should never be a barrier to amazing talent,” said Anne M. Olazábal, interim dean of the Miami Herbert School of Business. “It's about nurturing a community that is rich in diversity, full of potential, and ready to make a meaningful impact in the business world.”
Hari Natarajan, professor and vice dean of business programs at the college, has worked with Carbone over the past several years to ensure the scholarship meets the needs of the right students and the school.
Carbone's involvement doesn't end with his scholarship. He is also a member of the College of Business Parent Council and the Dean's Advisory Council.
“Mark is a firm believer in the path of the business school and where we are headed,” Natarajan said. “Partnering with someone who not only asks relevant questions, but also believes deeply in our potential for expansion is invaluable. We are extremely grateful for the opportunity to accept such a generous donation.”
Natarajan personally supervises all of the school's undergraduate and graduate degree programs. “Our mission is to develop transformative scholarship and principled leaders for business and society,” he said. “When you have scholarships like this, it gives us the ability to find the best and brightest regardless of their economic means. This enables us to attract them and train them to accomplish our mission.”
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New York real estate developer Mark E. Carbone, established by a scholarship from the Mark E. Carbone Education for Future Business Leaders at Miami Herbert Business School
