At the turn of the 20th century, Dartmouth College president William Jewett Tucker decided to explore the possibility of establishing a school of business to educate the growing number of Dartmouth alumni entering the commercial world.[8] Turning to his former roommate from his undergraduate years at Dartmouth, Tucker enlisted the support of Edward Tuck, who had since become a wealthy banker and philanthropist.[9] Tuck donated $300,000 in the form of preferred stock shares in a Minnesota railroad company as the capital to found the school. It was named the Amos Tuck School of Administration and Finance, after Edward Tuck's father and Dartmouth alumnus Amos Tuck.[9]