A Lehigh University alumnus has donated $5 million to enhance the school’s Integrated Real Estate at Lehigh Program, known as ire@l.
Marc Holliday, CEO of SL Green Realty Corp., is a leader in New York City commercial real estate, according to Lehigh.
Holliday and his wife Sheree are making the gift under the couple’s charitable organization, the Holliday Foundation.
The ire@l academic minor, in the College of Business and Economics, is the only one in the United States that allows an undergraduate to minor in real estate regardless of his or her major.
The $5 million gift is split into two parts. The initial gift of $3.5 million will establish The Marc Holliday ’88 Professor of Practice and Director of the ire@l program.
The foundation also made $1.5 million available as a matching gift challenge to support the new Marc Holliday ire@l Operating Endowment Fund.
The challenge seeks contributions from others on a “two dollars for one” basis, with the hope of raising an additional $3 million in matching gifts for the endowment fund.
The goal of the newly endowed position is to allow Lehigh to attract and retain a highly accomplished real estate professional to direct the ire@l program and to teach from experience, according to the university.