Rider receives the largest gift ever in its history

Rider University announced on Friday it has been given the largest gift ever in its history.

The Lawrenceville-based higher education institution said its College of Business Administration will now be known as the Norm Brodsky College of Business after a $10 million investment by alumnus and entrepreneur Norm Brodsky and his wife and business partner, Elaine.

The gift is for business students and to support future business school projects.

Brodsky is a lawyer and accountant who has successfully launched eight businesses. He is also an adjunct professor at the university and has been instrumental in providing students networking opportunities. In addition to his startups, he has served as a contributing writer at Inc. magazine and has regularly appeared on MSNBC, CNN and Bloomberg TV.

The announcement about the new name for the 154-year-old business college was made on the university’s Campus Green in front of students, faculty and staff.

“This extraordinary gift exemplifies Norm and Elaine’s deep passion for Rider and its students,” Gregory G. Dell’Omo, president, Rider University, said. “In recognizing this unprecedented level of support, we look to the future, and to what can be accomplished because of the generosity of the Brodskys. The impact of this gift will be nothing short of remarkable for our University.”

This is the first college at Rider that has been named after an alumnus, it said.

Brodsky said his time at the unviersity gave him a solid foundation to build his career.

“The most important factor in starting and running a business are the numbers,” he said. “You have to be able to understand the numbers, and as an accounting major I got that background early on.”

Elaine Brodsky is the chairperson of the North Brooklyn Chamber of Commerce and serves on a variety of other boards, including the League Education and Treatment Center.

Over the summer, Norm Brodsky helped develop Rider’s Innovation Intensive at the University of Oxford, a collaboration between Rider and St. Stephen’s House. The program provides 25 Rider students and recent alumni the opportunity to interact with and learn from 14 U.S.-based CEOs. The Brodskys have also created the Norm Brodsky Idea/Business Concept Competition, a nationwide high school business competition at Rider for young entrepreneurs. The grand prize is a four-year, full-tuition scholarship to Rider.

“Norm has continually sought and developed ways to allow our students to get valuable exposure to the business world, giving them insight and the opportunity to ask questions about how business is practiced today,” Eugene Kutcher, the college’s interim dean, said. “This knowledge is exactly the type of information to which all leaders of developing businesses wish they had access, so these opportunities give our students a leg up on competition once they graduate.”