CU grad pledges $6M gift to Leeds School of Business

BOULDER – Tandean Rustandy,  a 1987 graduate of the University of Colorado’s Leeds School of Business, and founder and CEO of one of the world’s largest ceramic tile manufacturing company in Indonesia, has pledged nearly $6 million in a philanthropic investment to support the Leeds School in entrepreneurship.

Rustandy credits his success at Jakarta-based PT Arwana Citramulia Tbk, to his CU Boulder degree and wants to create more educational opportunities for the next generation of global business leaders.

“Without CU Boulder and Leeds, I would not be who I am today,” Rustandy said. “I come from a very humble family with working-class parents in Indonesia. No one was educated after middle school. I was the first of my family to go to college, and now it’s important that I give back to CU. It’s not about me as an individual and my success, but it’s about the success of the institutions that help create us. This is the legacy I want to leave.”

Rustandy’s philanthropic commitment will be distributed over time in the following ways:

  • $800,000 will advance strategic initiatives and strengthen core offerings in the areas of entrepreneurship, innovation and design within the business school and collaboration across campus.
  • $1.5 million will establish an endowed professorship in global entrepreneurship and innovation with $500,000 of current funds to award immediately.
  • $3.1 million will establish an endowed chair in global entrepreneurship and strategy.



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