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Ex-Bulls marketing exec donates $18M to UMD sports programs
A former top marketing executive with the Chicago Bulls has committed to give $18 million to his alma mater, the University of Maryland, College Park, to support the athletics program and a new sports management offering.
The university announced Tuesday that Stephen Schanwald ’77 has directed $10 million to University of Maryland athletics and $8 million to the Robert H. Smith School of Business to endow its Sports Management Program and to provide student scholarships.
Schanwald’s gift is the third-largest gift in Maryland athletics history, the school said.
In recognition of his generosity, the program as well as the Xfinity Center Pavilion and Football Practice Fields at Jones-Hill House will be named for him; the Stephen M. Schanwald-Russ Potts External Operations Suite in the Xfinity Center will honor him and his former mentor at UMD.
“Stephen Schanwald left an indelible imprint on the NBA,” President Darryll J. Pines said. “Now he’s doing the same for the University of Maryland and current and future generations of students, student-athletes and Terps fans.”
