The University at Albany has received a $1.5 million gift from area philanthropists J. Spencer and Patricia Standish, President Robert J. Jones announced Wednesday.
The funds will be used to endow a professorship in the University's School of Business.
The Standish Professorship will leverage three new tenure-track faculty positions in entrepreneurship that UAlbany will gain through Governor Cuomo's NYSUNY 2020 challenge grant. Those include two professors specializing in social entrepreneurship and a professor in life sciences entrepreneurship.
UAlbany recently opened a new $64 million School of Business building. Next fall, the School of Business will launch a new undergraduate program in digital forensics, which the college said will be the first of its kind in New York.