Hobart and William Smith Colleges has received $4 million to support entrepreneurship and expand access to first-generation students.

Photo credit: Hobart and William Smith Colleges

The family of HWS chair of the board of trustees Thomas and Barbara Bozzuto donated $3 million to endow the Bozzuto Center of Entrepreneurship. The gift will provide critical programming and operational support for the colleges’ most popular minor and fastest growing program of study.

The remaining $1 million will create the Bozzuto Family First-Generation Endowed Scholarship.

Founded in 2015, the Entrepreneurial Studies Program at HWS emphasizes the conceptual understanding, practical skills and ethical structure necessary for business or civic leadership. Students explore and hone the analytical and critical thinking skills of a liberal arts education while pursuing projects and coursework focused on creating non-profit or for-profit enterprises, or leading innovation within existing organizations.

This fall, HWS established new classrooms, discussion spaces, workspaces and meeting spaces for entrepreneurial studies at a downtown Geneva facility — now named the Bozzuto Center for Entrepreneurship — which occupies three floors and more than 7,000 square feet.

The center will also support related academic and co-curricular programming like the Centennial Center’s Idea Lab, Innovation Academy and Pitch competition, and house office space for the Colleges’ Margiloff Family Entrepreneurial Fellow.

Bozzuto is known for his long career in real estate. He has overseen and been responsible for the creation of more than 50,000 homes and apartments.