The financier Orlando Bravo gave $25 million through his Bravo Family Foundation to launch the Center for Economic Research and enable the university’s economics department to expand its data-driven research efforts.
Of the total, $15 million will go toward the creation of the new center, while the remaining $10 million will back the hiring of more economics faculty.
Bravo earned bachelors’ degrees from Brown in economics and political science in 1992 before earning law and MBA degrees at Stanford. He then went on to help found a private-equity firm, Thoma Bravo.
He grew up in Puerto Rico, and much of his philanthropy has centered on social mobility there and elsewhere in the United States. In 2017, he pledged $10 million to establish a disaster-relief organization to help citizens of Puerto Rico recover from Hurricane Maria.
Read the complete Gifts Roundup from The Chronicle of Philanthropy here.