Cornell receives $30 million from Paul Rubacha

Paul Rubacha, partner and co-founder of Ashley Capital, one of the countries largest private real estate investment companies, supports Cornell University with a $30 million endowment set to establish a multi-college department titled the Paul Rubacha Department of Real Estate. The building will be managed by the College of Architecture, Art and Planning, and Cornell’s SC Johnson College of Business, and is set to connect those in the industry and academia by enhancing and increasing opportunities for students through engaged learning and impact-focused scholarships. The expansion will allow for the integration of various disciplines including finance, design and development, and the built environment in ways that provide a unique educational approach to real-estate education unlike anything else in the country. 

Rubacha, Cornell alumnus, hopes this gift will enhance the experience of those in pursuit of similar goals to his own through the educational and experiential opportunities offered at the school

“The new department will ensure that Cornell provides the richest-possible applied instruction and opportunities to students across campus,” said the Charles Field Knight Dean of SC Johnson College, Andrew Karolyi. “It will offer expanded industry and alumni engagement, incentivize innovative collaborations and advance the larger field and the future of real estate programs and pursuits at Cornell.”