A foundation led by a University of Vermont alumnus has donated $15 million to the UVM business school that bears his name to launch an undergraduate business co-op program for students to get working experience in leading companies in Vermont and beyond before they graduate, making them better prepared for their careers.
The Grossman Family Foundation , under the leadership of Steven Grossman, has contributed or inspired the contribution of nearly $90 million to UVM over the years, including the latest $15 million gift. UVM’s Grossman School of Business will become one of the few U.S. business schools with a major undergraduate business co-op program, according to a news release.
A co-op program is more rigorous than a typical internship, with students alternating between classroom education and full-time employment, gaining practical, hands-on experience as part of their undergraduate degree. Students work in a partner company for a full semester, applying what they learn in the classroom to real-world business situations…