Students pursuing a career in real estate will soon see their learning opportunities sharply appreciated: On Thursday, CU Boulder announced a groundbreaking $15 million donation from CU Boulder alumnus Michael Klump听to revolutionize the real estate center in the Leeds School of Business, as well as support essential student health and wellness programs in the College of Arts and Sciences.听听
Michael Klump
鈥淭his transformational gift highlights the power of philanthropy,鈥� said CU Chancellor Justin Schwartz. 鈥淚t will support students, faculty, staff and research activities across the vast and dynamic real estate field, driving innovation and enriching educational experiences on campus. Additionally, it will provide crucial support for wellness programs and student mental health.鈥�
The investment will allocate $13 million to enhance the newly renamed Michael A. Klump Center for Real Estate鈥攆ormerly known as the CU Real Estate Center. This portion of the gift, one of the largest ever given to a real estate center in the United States, will strengthen the center's academics, industry partnerships and career support in the years ahead.
The real estate center, led by Professor Christophe Spaenjers, who serves as faculty director, and Julie Gibson, who serves as the Sherman R. Miller Executive Director, is one of six centers of excellence in the Leeds School which work to help students translate, integrate and transfer classroom concepts into real-world insights. 鈥淭his gift is pivotal for CU鈥檚 real estate program, providing significant resources that will advance the center鈥檚 leadership, enhance student programming and offer student financial assistance,鈥� said Gibson. 鈥淭he endowment component of this gift ensures that CU鈥檚 dedication to real estate education will continue for many generations to come.鈥�
An additional $2 million will support programs in the College of Arts and Sciences that promote CU Boulder students' mental health and well-being. Through the Hellems Fund for Collective Belonging and the Hellems Fund for Fostering Success, this gift will contribute to mental health programming, resources and student support, and welcome programs and outreach initiatives for first-year and transfer students.
Promoting academic excellence and industry connections
Klump鈥檚 investment in the Leeds School will expand leading-edge programs with top real estate faculty and industry partnerships that prepare students to be experts in the dynamic real estate field. The donation represents a major advancement for the center, which was founded in 1997 by passionate alumni and industry leaders as a way to bolster future real estate professionals and promote important research within their field. Thirty years ago, the center supported 10鈥�20 students per year; today it provides opportunities for nearly 450 students annually.
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Professor Christophe Spaenjers, faculty director of the newly renamed Klump Center for Real Estate, speaks with graduate students in the Koelbel building after their Real Estate Finance and Investment class.
The $13 million donation to the center will endow three faculty positions in real estate finance at the chair and professorship levels. It will also create four funds to advance innovative academics, establish an endowed scholarship, enhance students鈥� career growth, and strengthen the center鈥檚 reputation within the business and alumni communities.
Klump鈥檚 significant contribution underscores the profound impact of community support on CU Boulder鈥檚 mission and the Leeds School of Business. 鈥淭he gift will provide rich opportunities to CU Boulder students and contribute to Leeds鈥� legacy of excellence. Strong support from the real estate community has been a hallmark of our connection with industry,鈥� said Vijay Khatri, the Tandean Rustandy Endowed Dean at the Leeds School of Business.
A gift that fuels the future
With a spanning over 30 years, Klump is the founder and chairman of RCG Ventures, a leading commercial real estate investment firm. Additionally, he co-founded Equity Investment Group, a private real estate investment trust focused on neighborhood shopping centers and established Argonne Capital Group, a private investment firm specializing in companies within the restaurant, retail and service industries.
While a sophomore at CU Boulder, Klump got his real estate license and began selling houses on The Hill. He interned at a commercial shopping center development firm between his junior and senior years and found his niche.
鈥淚 owe a lot of my success to attending the University of Colorado, where I had the privilege of meeting inspiring individuals and forming lifelong connections across the country,鈥� said Klump. 鈥淭hese experiences have deeply motivated me to give back and set an example. I hope my contribution to CU Boulder will inspire others to join in the spirit of generosity and make a meaningful impact.鈥�
In addition to being a real estate entrepreneur, Klump is a steadfast philanthropist, generously supporting a diverse range of organizations over the years through the Klump Family Foundation. He said his commitment to giving back reflects a deep belief in the power of philanthropy to drive positive change.
鈥淢y hope is that this gift will provide students with broad exposure to the diverse opportunities within real estate, whether they choose to embark on a career immediately, pursue further education, or explore various facets of the industry,鈥� Klump said. 鈥淭he real estate world is vast and dynamic, with potential for local, regional, national听and even international impact, and I am excited to support a program that will open doors and inspire future leaders in this field.鈥�
