Albany, N.Y. -- Albany Law School announced today that it received a gift of $1 million from Capital Region philanthropists Sally and Dan Nolan ‘78, a former chair of the Board of Trustees, and a passionate supporter of the Law School for the past 40 years.
The gift establishes an Innovation and Entrepreneurship Fund to continue investments toward the School’s strategic plan that calls for a series of innovative and entrepreneurial approaches to legal education.
“This is a school that offers incredible career opportunity for its students outside the legal profession, as it did for me,” said Dan Nolan. “I never intended to practice law, and I never have. Many law students also attend law school to gain the discipline of a legal education for a financial and entrepreneurial career. I am excited to help the School support and develop a future community of innovators.”
“The Nolans have always been incredible supporters of the School,” said Alicia Ouellette, President & Dean. “Sally and Dan have not only been generous with their finances, Dan has also given countless hours of his expertise as a leader and innovative thinker. This school is thriving with new programs and initiatives because of Dan Nolan’s leadership.”
The gift establishes an Innovation and Entrepreneurship Fund to continue investments toward the School’s strategic plan.
Nolan served as Board Chair from 2013 to 2017, when he guided the law school through challenging times for legal education. Today, the school is experiencing growth in enrollment, in its overall national ranking, and in the quality of students who are applying.
He will receive the Trustees Gold Medal in September at the Grand Honors Awards event. This award is the highest accolade bestowed by Albany Law School. He was awarded the Distinguished Service Award in 1992 by the School’s National Alumni Association.
“Through this gift, Sally and Dan Nolan have given Albany Law the ability to take a fresh and innovative approach to legal education and will inspire other supporters to do the same,” said Jeffrey Schanz, Vice President for Institutional Advancement.
The Nolans’ gift contributed to a record-breaking year of fundraising for the School last year. More than $5.5 million in gifts were recorded in last year’s fiscal year, marking the highest yearly total in more than a decade, a significant increase from the previous year’s total of $2.1 million.
Mr. Nolan currently serves as President and CEO of Albany-based Hugh Johnson Advisors, LLC, and is a principal in NPV Capital, LLC, a private equity and real estate investment firm that he formed in 2007, as well as a director of Boston Private Financial Holdings, Inc. Before joining Hugh Johnson Advisors, he was a partner in the Ayco Company, L.P., a wholly owned subsidiary of Goldman Sachs, where he had worked for 28 years.
He has served as chair of the Board of Trustees for the College of Saint Rose, and is a notable supporter of Albany Medical Center, Capital Bank and Trust, St. Peter’s Health Foundation, Center for Disability Services, University at Albany, and Community Foundation for the Capital Region. Along with many community awards, he received the UAlbany’s Citizen Laureate Award in 2014.
Albany Law School has an endowment of approximately $65 million and is in the planning stages of a comprehensive capital campaign.
The Law School offers the J.D. degree—the traditional law degree—as well as master’s degrees, including a fully online master's, and LL.M. degrees.