Thursday, October 1, 2015

Real Estate Billionaire and Philanthropist Conrad T. Prebys Makes $20 Million Gift to IU and Kelley School

Philanthropist Conrad T. Prebys, BS’55, has made a $20 million gift to benefit the Kelley School of Business and to fund a new university amphitheater.

From modest beginnings in a South Bend working class neighborhood, Conrad T. Prebys came to IU a determined young man. Within a few years after graduation, he relocated to San Diego with only $500, no car and no home. He worked hard and eventually distinguished his company, Progress Construction and Management, as a developer of affordable, middle-class apartments. Mr. Prebys put his heart and soul into his real estate ventures over the next 50 years and today he is one of the wealthiest men in America — and also one of the most generous.

As one of the 30 most generous people in America, Prebys’ generosity has including many medical research, educational and arts organizations including the Sanford Burnham Prebys Medical Discovery Institute, The Old Globe Theater, the Zoological Society of San Diego, the San Diego Museum of Art, Scripps Mercy Hospital and San Diego State University. Many people also know his name as a supporter of PBS and the Masterpiece Trust, which co-produces “Downtown Abbey.”

His investment in IU will significantly impact Kelley students, faculty, alumni, visitors and the companies who hire our graduates. Read more about Mr. Prebys’ gift to Indiana University and how the funds will be used.

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