Florida State University Received $65 Million Philanthropic Investment

On December 22, Florida State University announced that it received $65 million philanthropic investment from Dr. Herbert Wertheim to elevate the College of Business.

Wertheim’s commitment includes financial support to endow and name the college the Herbert Wertheim College of Business and rename Legacy Hall, the college’s world-class new building, the Herbert Wertheim Center for Business Excellence. His investment is the largest philanthropic endowment gift in FSU’s history and the second-largest philanthropic gift FSU has ever received.

The Herbert Wertheim Center for Business Excellence.

In addition to naming the college, the philanthropic investment creates several endowed funds to support various initiatives within the college, including faculty development, Horatio Alger scholarships and other scholarships for undergraduate and graduate students, student professional development opportunities, funding to support preeminence and emerging trends, and a new Wertheim Business of Healthcare Initiative.

The Wertheim Business of Healthcare Initiative will train business students to fill critical gaps in the healthcare business workforce and work with leaders in the healthcare industry to solve its most vexing problems.  

About the Donation

Wertheim’s investment establishes two endowed chairs: the Herbert Wertheim Chair in Health Systems Operations and the Herbert Wertheim Chair in Healthcare Workforce Leadership. These chairs will support faculty members whose scholarships and teaching are dedicated to the continuous improvement of healthcare operations and systems, as well as workforce modernization in healthcare settings. These efforts align with the university’s bold new FSU Health initiative and its emphasis on healthcare in academic programs, research, and investment, including the Wertheim College’s new MBA major in healthcare administration and its annual Business of Healthcare Summit.

“This initiative will train business students to fill critical gaps in the healthcare business workforce and work with leaders in the healthcare industry and government to tackle pressing healthcare issues now representing more than 17% and $4.5 trillion dollars of the U.S. economy,” Dr. Wertheim said.

Part of the total philanthropic investment will name the college’s new facility, which stands as the largest academic building in FSU’s history. The Herbert Wertheim Center for Business Excellence will host its first classes in January.

“Generations from now, we will point to this monumental investment as profoundly pivotal in both the trajectory and impact of the college,” said Michael Hartline, dean of the Herbert Wertheim College of Business. “We will continue to generate innovative research and equip graduates to lead in the global marketplace, knowing this infusion of new financial support will allow us to strengthen our best work while also launching important new initiatives.”

Dr. Wertheim’s $65 million catalytic philanthropic investment is part of $431 million in investments made by the state, private donors, corporations and foundations that will allow the Wertheim College, university and the FSU Health initiative to pursue excellence at the highest level and inspire future philanthropic investments from other donors.

The Herbert Wertheim College of Business and the Herbert Wertheim Center for Business Excellence will serve as lasting tributes to the stature and business prominence of Dr. Wertheim.

Wertheim’s transformative contributions have led to the establishment of seven additional named academic institutions in Florida and California: the Herbert Wertheim College of Medicine, the Wertheim College of Nursing & Health Sciences and Wertheim School of Music & Performing Arts at Florida International University; the Herbert Wertheim College of Engineering and the Herbert Wertheim UF Scripps Institute for Biomedical Innovation & Technology at the University of Florida; the Herbert Wertheim School of Public Health and Human Longevity Science at the University of California San Diego; and the Herbert Wertheim School of Optometry and Vision Science at the University of California Berkeley. 

About Dr. Herbert Wertheim

Wertheim is a billionaire optometrist, inventor, businessman, philanthropist and the founder and president of Brain Power Incorporated (BPI), the world’s largest manufacturer of optical tints. He is renowned for his extensive philanthropic and leadership efforts, particularly in public education, health, and the arts, as chairman of his Family’s Foundation.

“My belief in the transformative power of education and healthcare inspires me every day, and I am truly excited to partner with Florida State University to help lift the College of Business to new heights,” Wertheim said. “Together, we will empower students and future leaders to drive meaningful progress, advance innovation in healthcare and business, and create lasting opportunities that benefit our communities and the world.”