Endowed Professorship Established in Honor of Outgoing UMass Amherst Chancellor
AMHERST — Massachusetts businessman and philanthropist Robert Epstein has made a commitment of $1.5 million to establish the Robert L. Epstein Endowed Professorship in UMass Amherst’s Isenberg School of Management. The gift honors Epstein’s friendship with UMass Amherst Chancellor Kumble Subbaswamy and the chancellor’s decade of service to the university.
The Epstein Endowed Professorship will help attract or retain an outstanding faculty member, with a preference for faculty in hospitality and tourism management, who will strengthen the academic excellence of the Isenberg School of Management and advance industry knowledge through research, scholarship, and inspired teaching. The fund will cover costs such as salary supplementation, education and travel expenses, graduate assistantships, research expenses, and support services for the faculty member’s program.
Epstein, who earned a degree in marketing from the Isenberg School of Management in 1967, has been an ambassador for the university and an ardent supporter of Isenberg faculty and students. He has served as a member of the UMass Amherst Foundation board since 2010 and was appointed to the UMass board of trustees in 2015. In addition, he co-chaired UMass Rising, the largest fundraising campaign in UMass Amherst history; served as a guest lecturer at Isenberg; established the Robert L. Epstein Endowed Scholarship; and supported Isenberg’s Business Innovation Hub, among other university priorities.
For years, Epstein has been a leader in the beverage and alcohol industry. As co-owner and president of the Horizon Beverage Group and former chairman of Wine and Spirits Wholesalers of America, he has worked with producers, unions, legislators, and more than 15,000 retail and restaurant customers. With his gift, he aims to enhance the reputation of UMass Amherst and Isenberg within the hospitality industry and provide the university with the resources it needs to retain world-class faculty to mold the next generation of industry leaders.
“I have been inspired by the innovation and growth UMass and Isenberg have seen under Chancellor Subbaswamy’s leadership,” Epstein said. “The university is attracting students of the highest caliber who are eager to make a difference in their chosen fields, and faculty scholarship has had a considerable impact both in the Commonwealth and on the national stage. It is an honor to contribute to this upward trajectory with a gift that will further bolster academic excellence in the Isenberg School of Management.”
The university hopes to appoint a faculty member to the Epstein Endowed Chair by July 1, 2025, when the fund will have been invested with the endowment for a full year.
“Faculty are the cornerstone of UMass Amherst’s ambitions to produce revolutionary scholarship and graduates who bring insight and ingenuity to a host of sectors around the world,” Subbaswamy said. “I deeply appreciate my friendship with Bob. He has provided me important guidance along the way, and I am inspired by his dedication to his work, including his role on the foundation board and the board of trustees. His generosity will provide untold benefits for our students and industry partners in the years to come.”