BUSINESS

William Carey, donated millions to education, dies

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BALTIMORE (AP) - William Polk Carey, who founded a New York-based investment management firm bearing his name and donated millions of dollars to help found business schools at universities in Maryland and Arizona, has died at 81.

William Polk Carey died at 81.

The W.P. Carey Foundation says the Baltimore native died Monday at a West Palm Beach, Florida, hospital. It says the founder and chairman of investment firm W.P. Carey & Co., also established that philanthropic foundation in 1988.

The Baltimore Sun reports Carey gave $30 million in April to the University of Maryland Law School, since renamed in his honor. He also made a $50 million bequest in 2006 to Johns Hopkins University to found the Carey School of Business. He also gave $50 million to Arizona State University to found its business school.

 

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