ASU Saddened By the Loss of a Great Man: W.P. Carey

Written By: Jessica Mangiameli

Arizona State University has lost a great role model, friend and contributor, William Polk Carey, who passed away at the age of 81 on January 2, 2012.

William Polk Carey

William Polk Carey

Carey was an outstanding real estate investor, one of the best in the country. It’s no wonder why then when Carey donated $50 million to Arizona State in 2003, that ASU decided to change the name of their business school to The W.P. Carey School of Business. The W.P. Carey School of Business at ASU remains one of the top ranked business schools in the nation, a very outstanding and proud accomplishment for not only ASU but also remains an honor to Carey. At the time, the $50 million donation was the second largest single donation that was ever received by a business school, according to the Association to Advance Collegiate Schools of Business and remains the largest donation ever received by Arizona State University.

“The ASU family mourns the loss of our benefactor and friend Bill Carey,” said ASU President Michael M. Crow

Carey and his family had many ties with Arizona State University, which is probably why he selected to donate his money to this particular college.  Carey earned a honorary Doctor of Science degree from ASU.  Carey’s grandfather was also the one who introduced the legislation that established Arizona State University in 1886.

Carey was born on May 11, 1930 in Baltimore, Maryland. Carey was the founder of W. P. Carey & Co. LLC, a real estate financing firm located in New York City.

The W.P. Carey School of Business is one of the largest business schools in the country. The school contains over 250 faculty and more than 1,500 graduate and 8,300 under graduate students. The W.P. Carey School of Business offers a wide range of business degrees including accounting, economics, finance and management. The W. P. Carey School of Business and the W. P. Carey MBA are accredited by Association to Advance Collegiate Schools of Business (AACSB).

Many students from all over the country have received degrees from the business school including comedian and actor, David Spade as well as former Arizona Cardinals player and former Corporal of the US Army Rangers, Pat Tillman.

The W.P. Carey School programs are ranked among the Top 30 nationwide by U.S. News & World Report, The Wall Street Journal and the Financial Times.

While ASU mourns the death of a brilliant man, students look to the future hoping to some day become the next William Polk Carey.