On Sept. 24, the University of Virginia Board of Visitors formally approved the naming proposal for Shumway Hall, part of the forthcoming academic expansion project of the McIntire School of Commerce.
The funding for construction was initiated with a $25 million gift from The Chris & Carrie Shumway Foundation in 2018. Chris Shumway (McIntire ’88) is Managing Partner of Shumway Capital, a McIntire School of Commerce Visiting Scholar, and a McIntire Board of Trustees member. The $60 million Shumway Hall building is part of a $101 million project including the renovation of Cobb Hall. The entirety of the project will be supported solely through the dedicated generosity of private philanthropy to the School’s Next Century Building Fund.
“The University of Virginia is a special place where innovation and tradition work hand in hand, and we are proud to support its outstanding faculty and students through the construction of the new building,” says Shumway. “By creating flexible, dynamic spaces and curriculum to support inventive learning, the building will foster important collaborative development, and programmatic advancements to bring out the best in the students and faculty. I am honored to be a part of McIntire’s continued excellence and leadership in business education as it begins its second century preparing students to contribute to society in significant ways.”
Designed to ensure innovation through versatile, collaborative spaces that will accommodate expected growth and allow for programmatic enhancements, Shumway Hall will be constructed on the southeast corner of UVA’s historic Lawn at the northeast corner of Ruppel Drive and Jefferson Park Avenue, serving as a unique and welcoming gateway to Grounds. Situated directly across from the Commerce School’s current home of Rouss & Robertson Halls, the additional building will stand alongside a reimagined Cobb Hall, and amidst a host of inviting outdoor gathering areas.
First approved for construction in December 2017 by the UVA Board of Visitors, Shumway Hall construction is scheduled commence in 2022.