Northeastern alumni Richard D’Amore and Alan McKim invested a combined $60 million in the university’s school of business last fall, placing them among the nation’s 50 most generous donors to nonprofit organizations in 2012.
According to a report released Monday by The Chronicle of Philanthropy, D’Amore and McKim both ranked 40th among America’s biggest givers, with each contributing $30 million. Other notable names on the list include business magnate Warren Buffett, filmmaker Steven Spielberg, and Facebook co-founder Mark Zuckerberg.
D’Amore is a co-founder and general partner at North Bridge Venture Partners, a venture capital firm based in Waltham, Mass. McKim is the founder and CEO of Clean Harbors, the nation’s leading provider of environmental, energy and industrial services.
Their combined gift represents the largest philanthropic investment in Northeastern’s history. As a result of their generous contribution, the university’s College of Business Administration was officially named the D’Amore-McKim School of Business.
“A gift is about a passion and a partnership to make a dream come true and to leave a legacy,” said Joseph E. Aoun, president of Northeastern. “Rich and Alan’s unprecedented investment in their alma mater will advance Northeastern to new heights and will keep their legacy alive forever.”
Both D’Amore and McKim grew up in the Boston area and enrolled in Northeastern’s College of Business Administration as undergraduates. Although both dropped out, they were each drawn back to the college that would later become their alma mater and, ultimately, bear their names. D’Amore received an undergraduate business degree and McKim a master’s in business administration.
Over the past five years, D’Amore and McKim have become actively engaged with the university as members of the Board of Trustees. Their prior gifts focused on innovation and entrepreneurship, core values that span colleges and disciplines at Northeastern.
“Rich D’Amore and Alan McKim are wonderful representatives of the lasting bonds created between Northeastern and the students who come here,” said Diane MacGillivray, senior vice president for university advancement. “I am not surprised that two of the top 50 philanthropists in the nation are Northeastern alumni. Nor am I surprised that Northeastern inspired them to make such generous and heartfelt gifts. It speaks directly to the kind of institution we are and the incredible community of alumni who remain committed to our success.”
In a celebration of the naming of the school of business last October, they both expressed their appreciation for the role Northeastern has played in their success. D’Amore characterized his investment as a vote of confidence in Northeastern’s students, faculty, and senior leaders, all of whom, he said, have remained true to the university’s longstanding “practical, pragmatic and real-world orientation.”
In his remarks, McKim noted that studying at Northeastern has “helped shaped who I am as a professional but more importantly as an individual.”
He also challenged young researchers and entrepreneurs to make a worldwide difference through class, co-op, and extra-curricular opportunities. “I know this gift will shape tomorrow’s business leaders and entrepreneurs who will create innovations that will improve our lives,” he said. “I hope students will take advantage of what this unique culture has to offer.”