NEWS
UNM receives $30 million donation, renames business school
It's the first time in the university’s history that one of its colleges is named in recognition of a philanthropic donation
A California couple pledged to donate $30 million to the University of New Mexico’s Anderson School of Management, the largest contribution in UNM’s 135-year history.
Gail and Jim Ellis made the gift, announced Friday at a Board of Regents meeting. With the gift, UNM will rename the state’s flagship business school the James and Gail Ellis School of Business Leadership.
The renaming marks the first time in UNM’s history that one of its colleges is named in recognition of a philanthropic donation, UNM said.
“This gift expands what’s possible for our students and positions UNM to build a nationally recognized business school grounded in excellence, equity, and opportunity,” outgoing UNM President Garnett Stokes said in a statement. “The Business School built a strong reputation over nearly 80 years, producing graduates who went on to lead businesses, nonprofits and public institutions across New Mexico and beyond. What the Ellis family has made possible is the next chapter of that story.”
Jim Ellis is one such graduate. He earned a bachelor’s degree in business administration from UNM in 1968 before graduating from Harvard with an MBA. He has served as the national vice chair of the UNM Foundation since 2023. Ellis grew up in Albuquerque, attending Jefferson Middle School and Highland High School. He “comes from a family with deep roots in New Mexico’s business community,” the announcement states.
“His connection to UNM is personal as well as professional,” UNM said in the announcement.
For 12 years, starting in 2007, Ellis served as the dean of the Marshall School of Business at the University of Southern California. He was dismissed in 2019 after an investigation into complaints at the school over workplace and discrimination issues, and wrote an about his dismissal in the Los Angeles Times, denying allegations of wrongdoing.
His wife, Gail Ellis, is a clinical psychologist whose grandfather founded the Galvin Manufacturing Co. in 1928. The company was renamed Motorola in 1947. She has two master’s degrees and a Ph.D. in clinical psychology, working with students at Pasadena City College in California.
“UNM opened doors for me,” Jim Ellis said in the announcement. “It gave me the foundation to build a career across business, academia and global markets. This investment creates that same opportunity for the next generation. If we do this right, the impact will be measured in the strength of the communities our graduates serve.”
UNM said the gift is anchored by a permanent endowment.
“It expands access through scholarships and financial support, strengthens the connection between education and career outcomes, deepens experiential learning, and advances a forward-looking curriculum aligned with the demands of today’s economy,” UNM said.
For instance, $5 million of the gift is structured as a challenge fund designed to match new endowments or contributions of $250,000 or more.
UNM said the gift will create “expanded scholarships, emergency funding, and support for global learning — resources designed to ensure that talented students can enroll, persist, and graduate regardless of financial circumstance.”
“This is a defining moment for our school and for the students we serve,” said Alina Chircu, dean of the school of management. “The Ellis family’s investment gives us the platform to compete nationally while staying rooted in the communities and the state that make UNM what it is.”
The school of management was formerly named the Robert O. Anderson School of Management in 1974, in tribute to Anderson, an oil executive who also served as the chairman of the board of the Federal Reserve Bank of Dallas from 1961 through 1964. Anderson died at the age of 90 in December 2007 at his home in Roswell.
“The Anderson family is deeply grateful for the honor our father received and wholeheartedly supports the business school as it turns toward a new chapter,” said Phelps Anderson, son of Robert Anderson, in the announcement. “We know he would have wanted what is best for UNM, and we stand firmly in that spirit."
Jeffrey Todd, president and CEO of the UNM Foundation, said in the announcement that Anderson’s name “has been part of this school’s story since 1974, and the institution he helped elevate has produced generations of graduates who have strengthened New Mexico.”
“The Ellis family’s investment marks the next phase of that trajectory,” Todd said. “It reflects a clear belief that sustained, visionary philanthropy is what positions a business school to stand alongside its peers at leading public flagship universities nationwide. This is how institutions expand access, deliver meaningful outcomes, and compete with purpose. We are deeply grateful to Gail and James for their confidence in what UNM can become.”
Justin Horwath covers energy and tech for the Journal. He can be reached at jhorwath@abqjournal.com.