Posted by Rustandy Center on October 18, 2017
With a $20 million gift to Booth in 2017, Tandean Rustandy, ’07 (AXP-6), committed his support to expanded research and programming in social innovation and entrepreneurship.
Previously known as the Social Enterprise Initiative, the newly named Rustandy Center for Social Sector Innovation will serve as Booth’s hub for students, alumni, and faculty tackling complex social and environmental problems. Rustandy founded Jakarta, Indonesia-based PT Arwana Citramulia Tbk, one of the best-performing ceramic tile manufacturing companies in the world.
Winner of Booth’s Distinguished Alumni Entrepreneurial Award in 2011, he is a member of the Council on Chicago Booth and Global Advisory Board Asia cabinet.
Why did you make the gift to the Rustandy Center?
With the center, we can attract the best and brightest minds—people capable of winning Nobel Prizes—to bring creative and innovative thinking and improve the world.
Why does education matter so much to you?
I have a full heart to support education. I come from a very humble family, from a town where the education was not very good. I was extremely lucky to go to the University of Chicago. Education will never expire. I’m hoping to build something for Indonesians and people from Asia and emerging countries, and to make the world better, to show that life isn’t just about making money; it’s about giving back and improving education, so our emerging country can become a developed country.