As an entrepreneur and govt, Jack Shields has made plenty of investments over time. This one, Shields guarantees, will find yourself being the very best he’s ever made.
Shields is speaking concerning the $5 million reward that he’s making to his alma mater, Boston School Excessive Faculty in Dorchester, to determine the Shields Innovation Heart on the faculty. It will likely be the second-largest particular person donation within the faculty’s historical past, after a $12 million reward that the late Pat Cadigan made eight years ago to the college, which serves about 1,400 seventh- to twelfth-grade boys from Boston and dozens of close by communities.
The varsity’s announcement of the reward comes a couple of yr after Shields sold significant stakes in Stoughton-based Shields Health Solutions — a pharmacy providers supplier for hospitals that Shields based and leads as its chairman — to Walgreens and a personal fairness agency for practically $900 million. The Shields household’s imaging center business is run as a separate firm referred to as Shields Health Care Group.
The brand new Shields middle will assist join BC Excessive college students to corporations and executives in Boston’s innovation ecosystem. It additionally goals to carry collectively innovators in BC Excessive’s appreciable alumni base, and inform curriculum improvement on the faculty. There shall be an unspecified bodily house dedicated to the middle, and a director has been employed to supervise it.
“Instructing innovation is essential, and the sooner the higher, particularly … within the metropolis of Boston,” Shields mentioned. “It’s my aim at BC Excessive that the middle will create a curriculum round entrepreneurship so college students get publicity to it.”
Grace Cotter Regan, the college’s president, has been associates with Shields since they had been in highschool, rising up south of Boston. Shields has been speaking with Regan for the previous yr or so about the easiest way he might give again to the college that gave him a lot.
“Once I confirmed up at their doorstep, I used to be a directionless child,” mentioned Shields, who graduated from the college in 1979. “BC Excessive modified my life.”
Regan mentioned the discussions with Shields helped reveal some gaps within the curriculum. She mentioned she hopes the brand new Shields Innovation Heart might help fill them. She mentioned the college has already begun speaking with native universities which have entrepreneurship packages about connecting them with the brand new middle.
The Shields Innovation Heart shall be simply the most recent middle of excellence established on the faculty. Regan mentioned the Shields middle’s work will work together with the others, which embody ones that concentrate on management and on world schooling.
“We’ve talked rather a lot about how we leverage this reward to provide college students the expertise they deserve,” Regan mentioned. “I see this as a three- to five-year rollout of what we need to do.”