London Business School (LBS) has announced a substantial $20 million (£15 million) donation from alumni Anjuli and Raj Rao, marking one of the largest contributions in the school's history. This generous gift will primarily support scholarships, academic research, and faculty positions, and it will also result in the renaming of the Plowden Building to the Anjuli and Raj Rao Building. The donation will establish three significant initiatives: the Anjuli and Raj Rao Endowed Scholarship for Excellence, the Anjuli and Raj Rao Endowed Chair, and the Anjuli and Raj Rao Endowed Fund for Research Excellence. The endowed chair will be the 12th named chair in LBS's history, while the research fund represents the school's first-ever endowed research fund. Both Anjuli and Raj Rao have expressed their desire for this scholarship program to create opportunities for future students, similar to those they experienced during their time at LBS. The donation is expected to enhance LBS's ability to attract top talent and support impactful research, reinforcing its status as a leading global business education institution.