A new multimillion-dollar fund established by longtime Tulane donor and board chair Carol Lavin Bernick will drive a major landscaping and streetscaping effort on Tulane’s expanding downtown campus, encouraging collaboration, socializing and community in the heart of New Orleans’ BioDistrict and commercial corridor.
The project is part of a historic investment by Tulane that seeks to revitalize the downtown area by spurring economic growth through discoveries, advancement and high-tech startups. This once-in-a-generation undertaking is designed to place New Orleans among the ranks of cities throughout the country that have been transformed by the presence of a major research university in the core of their central business district. This new gift will enliven and unify the downtown campus with trees, plants, benches, pathways, lighting, signage and other improvements.
In addition to creating the $5 million Carol Lavin Bernick Downtown Investment Fund for campus enhancements, the gift also includes $3 million to continue the Carol Lavin Bernick Faculty Investment Fund, which provides annual grants of up to $10,000 to full-time faculty for research, recruitment, development, continuing education, conference travel, faculty work groups and student engagement. Since Bernick instituted the Faculty Investment Fund in 2016 with a $5 million gift, more than 600 awards have been distributed to faculty in all nine of Tulane’s schools and its undergraduate college.
“Whether they’re uptown, downtown or conducting research across the globe, Tulane’s professors are advancing human knowledge and inspiring students to build on their groundbreaking discoveries,” said Bernick, a Tulane graduate, chief executive officer of Polished Nickel Capital Management and the former head of the Alberto Culver Company. “So many people at Tulane have expressed to me how important the Bernick Faculty Investment Fund has been to their work, so I’m delighted to keep it flourishing with another gift.”