University of Guelph receives $51M investment for business school

The University of Guelph sign. (Source: University of Guelph/X)

The University of Guelph has received a $51 million investment for the Gordon S. Lang School of Business and Economics (LANG).

The donation, from Stu and Kim Lang’s Angel Gabriel Foundation, is one of the largest gifts ever given to a Canadian business school.

In a media release, university said the money would be used for facility expansion, new initiatives and work experience programs.

Dr. Rene Van Acker, U of G’s president and vice-chancellor, said the donation comes at a “defining moment” for the school and business education.

This is not the first donation from the Langs. The university has received more than $100 million over the years, which have been used for new athletic facilities, research support and scholarships.

In 2019, the family donated $21 million to the business school, which was renamed the Gordon S. Lang School of Business and Economics in honour of Stu Lang’s late father.