Tandean Rustandy donates $20 million to Booth School’s Social Enterprise Initiative – Consumer News

on May22

22 May 2017 | 6:00 pm

Tandean Rustandy, founder of an Indonesian ceramic-tile manufacturing firm, has donated $20 million to Chicago Booth’s Social Enterprise Initiative. The gift, announced this morning, renames the initiative the Rustandy Center for Social Sector Innovation. The name change is effective immediately.

The Rustandy Center will serve as a hub at University of Chicago’s Booth School of Business for students, alumni and faculty “tackling complex social and environmental problems,” according to the release announcing the gift. It will focus on five areas: Research on social-sector institutions; training and networks for nonprofit board members; developing innovative and experiential curriculum; resources for students and alumni interested in social-impact careers, and programs related to social entrepreneurship and social venture funding.

The renamed center will continue programs such as the John Edwardson ’72 Social New Venture Challenge, which has helped jumpstart more than 90 businesses and nonprofits, according to Chicago Booth.

“The Rustandy Center will provide a rigorous setting for students, faculty and colleagues to confront pressing challenges through social enterprise and innovation,” U of C President Robert J. Zimmer said in the release. “The generosity of Tandean Rustandy will help to expand research, training and support in this emerging area for years to come.”

Rustandy, 51, is a native of Indonesia who lives in Jakarta. He earned a bachelor of science degree from the University of Colorado at Boulder, then began a career in the timber industry. Six years after graduating, he founded PT Arwana Citramulia Tbk, a ceramic-tile producer. Rustandy received an MBA from Chicago Booth’s Executive MBA Program in Asia 2007.

In 2016, Rustandy pledged nearly $6 million to support the entrepreneurship program at University of Colorado’s Leeds School of Business.



Previous postDad of Killed Teen Leaves Letter in Times Square: 'I Have a Hole in My Heart' Next postSt. Louis Boy Unleashes Powerful, Heartbreaking Message on Gun Violence


Chicago Financial Times


Copyright © 2020 Chicago Financial Times

Updates via RSS
or Email