Thunderbird School of Global Management at Arizona State University (or simply Thunderbird) is a global management school located in Phoenix, Arizona. Founded 1946 as an independent, private institution, it was acquired by Arizona State University in 2014. The school derives its name from Thunderbird Field No. 1, a decommissioned World War II-era US Army Air Forces base which served as its campus for over 70 years. The school has since moved to other ASU locations, and construction of a new, US$ 50 million building in downtown Phoenix is expected to be completed in 2021. As of 2018 the school had around 40,000 alumni,, also referred to as "Thunderbirds" (or "T-Birds").