The gift is from the Mitchell P. Rales Family Foundation.
The fund will support compensation for the dean of the Farmer School of Business and discretionary resources to address the Farmer School’s foremost strategic needs. Current Dean Roger Jenkins will be the first to hold the Mitchell P. Rales Chair in Business Leadership, according to Miami.
“I appreciate the level of vision and leadership it has taken to place the Farmer School among the top undergraduate business programs nationally, and I am pleased to be able to support Dean Jenkins and the deans who will follow in advancing that reputation,” said Rales, a 1978 Miami graduate and co-founder of Danaher Corporation, a Fortune 200 company.
“Mitch’s gift is an inspiring example of the vision and dedication of the Farmer School’s alumni and friends who have helped to make the school a remarkable point of pride for our university and the state of Ohio,” said Miami President David Hodge in the news release.
Rales was presented an honorary doctor of laws from Miami in 2005. As part of his involvement with Miami University, Rales gave shares of Danaher Corporation stock to members of the Farmer School’s 2005 and 2010 graduating classes.