A transformational £15m/US$20m gift and a lasting legacy at the heart of LBS

London Business School (LBS) has announced a transformational £15m/US$20m gift from alumni Anjuli Rao MiFFT1999 and Raj Rao MiFFT1998, marking one of the most significant philanthropic contributions in the School’s history.

As one of the largest gifts ever received by LBS, this contribution represents a landmark investment in the School’s future and a powerful expression of belief in its mission and global impact.

The gift will establish three endowed funds designed to deliver lasting impact: 

• The Anjuli and Raj Rao Endowed Scholarship for Excellence, supporting exceptional MBA and MiF students 

• The Anjuli and Raj Rao Endowed Chair, strengthening the School’s ability to attract world-class faculty 

• The Anjuli and Raj Rao Endowed Fund for Research Excellence, the first endowed research fund at LBS 

Together, these will support talent, research and teaching that shape business practice, inform policy and drive positive societal change.  

In recognition of their extraordinary generosity, the School will rename the iconic Plowden Building as the Anjuli and Raj Rao Building – a lasting symbol of their contribution at the heart of the campus.  

Raj and Anjuli will also join the School’s Forever Forward Campaign Leadership Board as Vice Chairs. 

Reflecting on their gift, Anjuli and Raj Rao said: 

This historic gift strengthens LBS’s ability to educate outstanding students, attract leading faculty and generate research with global impact – ensuring a lasting legacy for generations to come.