With economic disparities reaching unprecedented levels, the University of Michigan is intensifying its focus on exploring the roots of social inequality. A $5 million donation from the Stone Foundation will enable the James M. and Cathleen D. Stone Center for Inequality Dynamics to continue its pivotal research on rising wealth inequality. This funding ensures U-M maintains its global leadership in tackling pressing social and economic issues.
“Wealth inequality in the United States is extreme and has far-reaching consequences for our economic, political, and civic life,” said Alexandra Killewald, center director, and professor of sociology. “Thanks to the Stone Foundation, we can support cutting-edge research, attract top wealth scholars, and mentor upcoming scholars.”
The Stone Center has positioned U-M as a national leader in inequality research, offering insights into how race and family resources shape social mobility. Publications have enhanced understanding of U.S. institutions’ role in economic inequality. “I came to Michigan for its perfect community for interdisciplinary research,” said Alexander Adames, a sociology professor who joined in August 2025. “The Stone Center’s community and opportunities made it the ideal place for my career as a wealth scholar.”
New funding will bolster student and faculty research, fostering mentorship and training opportunities. “Cathy and I are proud to support the Stone Center’s work,” said Jim Stone. “The center’s success over its first five years assures us Michigan will continue leading in addressing wealth inequality.”
Founded in 2019, the center studies wealth gaps and economic mobility, focusing on geographic, political, and institutional influences. Renamed the Stone Center in 2021, it enhances its commitment to collaborative research. “The top 10% control most of the nation’s wealth, and the Stone Center advances understanding of wealth inequality,” said ISR director Kathleen Cagney. “We are grateful to the Stone Foundation for their support.”
“This gift shows a strong commitment to social science and inequality research,” said Pamela Davis-Kean, director of the Survey Research Center. “We are thankful to the Stones for supporting our Center, enabling us to tackle pressing research questions.” Since the initial gift in 2021, U-M faculty and students have published works on economic mobility, wealth inequality, and the racial wealth gap.
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