The Kraft family, which owns the New England Patriots, donated $24 million to Harvard Business School earlier this month to establish the Robert K. Kraft Family Fellowship Fund, which will be the largest endowed fellowship fund at the school.
The donation, announced by HBS on April 7, will endow a fellowship aimed at supporting students from underrepresented backgrounds. HBS will also name its financial aid office after the Kraft family in recognition of the gift.
The fellowship was endowed by Robert K. Kraft, the Patriots’ principal owner, and his son, Jonathan A. Kraft, who serves as president of the team. It marks the second major donation the family has given to Harvard in the last seven years.
The fund was announced at an event with Robert and Jonathan Kraft — both HBS alums — and Business School Dean Srikant M. Datar.
The fund aims to support students who would not otherwise be able to attend HBS.
The donation comes seven years after the Robert…