Wednesday, January 25, 2012
Delta Airlines president, wife donate $250,000 to St. Bonaventure for new business building
Understanding the value of education and the importance of keeping business competitive, Edward H. Bastian, class of 1979, and his wife, Anna, have committed $250,000 to St. Bonaventure University’s School of Business Campaign.
The gift will be used for a new business center on St. Bonaventure’s 500-acre campus.
“The professional, caring, and success-driven environment at St. Bonaventure University helped shape me into the man I am today,” said Mr. Bastian, president of Delta Air Lines and a member of the company’s Board of Directors. "The Franciscan values that I learned at St. Bonaventure have served me well in my career. Anna and I are very pleased to be able to give back to the school and help support this important initiative.”
The university is in the midst of a $15 million campaign to construct a new building to house its School of Business.
The new center will feature a financial services lab with electronic ticker tape, dean’s suite, corporate boardroom, state-of-the-art classrooms, break-out areas, spaces for student collaboration, team building and faculty research, innovative technology uses, and a commitment to sustainability.
Construction of the building is scheduled to begin by June, with occupancy set for fall 2013.
“The new School of Business center is a key element in our overall strategic plan,” said Sr. Margaret Carney, O.S.F., S.T.D., president of the university. “We have seen firsthand the power of new facilities on our campus, and know that investing in this building will position us to better compete for high-quality students and faculty who want to be part of a unique and distinctive scholarly environment."
The $15 million campaign will provide: $10 million for the construction of the new business center; $4 million in endowments for faculty and programmatic support to ensure a vibrant intellectual community; and $1 million for building endowment.
Nearly $13 million has been raised under the leadership of Robert Daugherty, ’77, University trustee and campaign chair.
“We are grateful for the financial commitments that have been made to date,” said Mr. Daugherty, a retired partner of PricewaterhouseCoopers LLP. “Now we need the leverage of many. We need the help of our alumni, parents and friends to make this campaign a success.”
St. Bonaventure’s School of Business is one of only 5 percent of business schools worldwide to hold accreditation by the Association for the Advancement of Collegiate Schools of Business (AACSB).
“We are in demand,” said Carol Fischer, associate dean of the School of Business, adding that some 30 percent of St. Bonaventure’s student body is composed of business majors.
“Our faculty, students and graduates have made the case for this new building,” Dr. Fischer said. “They have demonstrated through academic excellence and through success in the business realm that St. Bonaventure’s School of Business is world-class quality. Reaching our goal in this campaign will enable us to maintain and build upon our traditional strengths, as well as develop new strengths in our distinctive niches such as service learning.”
Donations to the campaign may be made by visiting www.sbu.edu/bullishonbusiness/donate or by calling (800) 664-1273.
For more on the planned Business Center and the School of Business Campaign, go to www.sbu.edu/bullishonbusiness.