George Mason University’s School of Business Dean Ajay Vinzé announced the school will be renamed the Donald G. Costello School of Business. The university received a $50 million planned gift in Costello’s honor. It establishes an endowment that will provide scholarships to undergraduate and graduate School of Business students to help prepare them for successful careers as entrepreneurs. The announcement was made during the launch of the university’s $1 billion campaign, Mason Now: Power the Possible.

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