Erb Family Gives U-M $10 Million to Develop Ecologically and Socially Responsible Business
“If we can raise the next generation of business leaders to think about environmental protection as an essential long-term investment – not a cost to be avoided – we will have taken a major step forward.” - Frederick A. Erb
“We want to create a new generation of leaders who will consider the big picture of our world and who have the protection of the environment as a primary part of their thinking and planning.” – Barbara M. Erb
The $10 million gift in April 2005 builds upon two earlier gifts of $5 million each from the Erbs, representing the largest known commitment to a university for interdisciplinary teaching and research in the area of global sustainable enterprise. This field explores how organizations throughout the world can achieve long-term success by harmonizing economic, environmental and social interests.