The Harvard Crimson reports, "Harvard Business School officials dedicated the Ruth Mulan Chu Chao Center last week, marking the first time in the Business School's history that a building has been named after a woman and a person of Asian-American descent.
Shipping and trading financier James Si-Cheng Chao and his family foundation gave $40 million in 2012 to construct the building in honor of his late wife Ruth Mulan Chu Chao. The Chao family also allocated funds for a scholarship program for students of Chinese heritage who attend the Business School.
Of Chao’s six daughters, four attended the the Business School, making the family the only in HBS’s history to have four daughters attend the school, according to a press release. Former U.S. Secretary of Labor Elaine L. Chao, the oldest daughter of the Chao family, spoke before the ribbon-cutting ceremony..."