Mitchell J. Blutt, C’78, M’82, WG’87, and Margo Krody Blutt have made a gift of $4.5 million, including matching funds, to endow three Presidential Professorships across the University of Pennsylvania. The Mitchell J. Blutt and Margo Krody Blutt Presidential Professorships will be held by faculty members in the School of Arts and Sciences, the Raymond and Ruth Perelman School of Medicine, and the Wharton School.
Presidential Professorships are awarded to exceptional scholars, at any rank, who contribute to faculty eminence through diversity.
“Mitchell and Margo’s commitment to faculty is inspiring and will have a major impact across the University,” said Penn President Amy Gutmann. “Faculty excellence is at the heart of everything we do, and the Blutt Presidential Professorships will allow us to recruit innovative teachers and researchers. It is especially fitting that this gift will benefit the three Penn schools from which Mitchell graduated. We are grateful for Mitchell and Margo’s engagement and generosity.”
“Margo and I are delighted to make this gift in support of Penn’s outstanding faculty and commitment to diversity,” said Mitchell Blutt. “Faculty at each of my three Penn schools provided me with guidance and unique insights on complex ideas that have shaped my career. It is our hope that holders of the Blutt Presidential Professorships will do the same for future generations of Penn students.”
Mitchell Blutt is the chief executive officer of Consonance Capital, an investment firm focused on the healthcare industry. He was formerly the executive partner of J.P. Morgan Partners, the private equity investment fund of J.P. Morgan Chase & Co. and one of the largest private equity and venture capital activities in the world. He is also an adjunct professor of medicine at Weill Cornell Medical College.
At Penn, Blutt is a member of the Board of Overseers of the School of Arts and Sciences and a former member of the Penn Medicine Board, where he served on its Executive and Finance Committees. He previously served as a University Trustee, Chairman of the University Trustees’ Committee for Strategic Initiatives, and Vice Chairman of both the Trustees’ Diversity Committee and the University Committee for Undergraduate Financial Aid.
Mitchell and Margo Blutt’s past Penn giving has benefitted undergraduate scholarships, graduate fellowships, internships, and professorships in the School of Arts and Sciences, the Perelman School of Medicine, and the Wharton School. The Blutts also support music at Penn through a popular live music competition held each year at Homecoming, a music program, and a songwriting symposium.