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$30 million gift to Cornell University to establish Paul Rubacha Department of Real Estate

CREC is thrilled to announce a generous $30 million gift from Paul Rubacha, CREC Chairman and Cornell ’72, MBA ’73, to Cornell University, for the creation of a multi-college Department of Real Estate. The gift includes $25 million to establish the Paul Rubacha Department of Real Estate and $5 million to incentivize others to contribute through a matching fund challenge. This gift signals an exciting new phase in real estate education at Cornell and we are grateful for Paul’s transformative leadership.

Over the coming months, Cornell Deans Yoon and Karolyi will work closely with faculty, staff and students engaged in real estate scholarship and courses to chart a path for the new department.

Here is a link to a Cornell Chronicle article with additional details about the gift: