Rowan University Receives $10M Donation

Gift will fund new School of Financial Planning at Rohrer College of Business

Apr. 16, 2026 at 9:40pm

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A photorealistic studio still life featuring a stack of financial planning textbooks, a pen, and a calculator arranged on a clean white background, symbolizing the abstract concepts of financial education and strategy.A generous $10 million gift from Rowan alumni will fund the launch of a new financial planning program, equipping students with the skills to succeed in this growing field.Glassboro Today

Rowan University in Glassboro, New Jersey has received a $10 million donation from alumni Ric and Jean Edelman to support the creation of a new School of Financial Planning within the Rohrer College of Business. The new program will launch this fall with the goal of preparing the next generation of financial planners.

Why it matters

This major gift will allow Rowan to expand its business education offerings and establish a specialized program focused on financial planning, an in-demand field. The new school aims to address the growing need for qualified financial advisors and planners, providing students with the skills and knowledge to succeed in this lucrative career path.

The details

The $10 million donation from Ric and Jean Edelman will fund the launch of Rowan's new School of Financial Planning within the Rohrer College of Business. The program will begin enrolling students this fall, offering degrees and certificates focused on financial planning, investment management, and related disciplines.

  • Rowan University received the $10 million donation on April 16, 2026.
  • The new School of Financial Planning will launch at Rowan this fall.

The players

Rowan University

A public research university located in Glassboro, New Jersey.

Ric and Jean Edelman

Rowan University alumni who provided the $10 million donation to fund the new School of Financial Planning.

Rohrer College of Business

The business school within Rowan University where the new financial planning program will be housed.

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What they’re saying

“We are grateful to Ric and Jean Edelman for this transformative gift that will allow us to establish a world-class program in financial planning at Rowan.”

— Ali Houshmand, President, Rowan University

What’s next

Rowan University plans to begin enrolling students in the new School of Financial Planning this fall semester.

The takeaway

This major donation from Rowan alumni Ric and Jean Edelman will enable the university to create a specialized financial planning program, addressing the growing demand for qualified financial advisors and planners. The new school aligns with Rowan's mission to provide career-focused education and prepare students for in-demand professions.