Billionaire Stephen Ross and the CEO of his New York City-based real estate empire are donating $6 million to help underrepresented students at their alma mater University of Michigan.
The gift from Ross, chairman and founder of Related Cos., and Jeff Blau, who has led the company since 2012, will establish the Blau Initiative for Diversity in Real Estate and Infrastructure, and the Related Scholars Fund, at UM’s Ross School of Business, the company and university announced Thursday.
The fund will be used to establish scholarships for attracting minority students to the fields of real estate and investing, as well as linking them to internships.
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