A $25 million gift to the University of Virginia will help merge business with medical science and health care, school officials announced Tuesday.
The gift from the Chris and Carrie Shumway Foundation will be combined with $3.5 million from UVa’s strategic investment fund to create a bioscience business program.
The program will be a partnership of the McIntire School of Commerce and the School of Medicine, said UVa President Jim Ryan.
Chris Shumway is the managing partner of Shumway Capital and oversees investments in a range of long-term, high-growth businesses, UVa officials said. He serves on the McIntire School of Commerce Foundation Board of Trustees.
The money will go toward construction of an additional McIntire School building approved by the Board of Visitors in December. The building will be erected near the current McIntire facility.