To date, the W. P. Carey Foundation has invested more than $75 million in the W. P. Carey School, reflecting the Foundation’s long-standing commitment to increasing educational opportunities and the school’s growth, advancement, and innovation. In 2003, the $50-million donation by the Foundation and its namesake, real estate investor and philanthropist Wm. Polk. Carey, was the second-largest private donation to a business school in the U.S.

Since taking its benefactor’s name, the W. P. Carey School has become one of the world’s best business schools, with 20 programs and disciplines ranked in the top 30 by U.S. News & World Report.

In an article Jan. 9, 2019, on Poets & Quants:

We are extremely proud of the W. P. Carey School of Business and its achievements since our initial investment of $50 million in 2003. This new gift builds upon the Carey and Armstrong family legacies at ASU and helps propel ASU’s continued success as a world-class leader and innovator in business education.

– William P. Carey II, chairman of the Carey Foundation