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Press Release

Anderson Schools Top $3 Million in Giving

July 14, 2003

The Anderson Schools of Management received over $3 million in charitable donations in FY 03, a record for a single year. The unaudited sum, as of 14 July 2003, was $3,156,546.

Several factors came together to create the exceptional total, according to Wynn Goering, Chief Development Officer for the Schools. Matching funds from the State of New Mexico persuaded major donors to invest in endowments for faculty positions; several estate gifts for scholarship programs were probated; and the Schools continued to benefit from corporate generosity, led by the Ford Motor Company.

Jack and Donna Rust of Albuquerque led this year's givers, by contributing $663,383 to endow two professorships in Ethics and Entrepreneurship at the Schools. When matched by $400,000 allocated through Senate Bill 14 of the 2002 New Mexico Legislative Session, the total gift of $1,063,383 constituted the largest ever by individual donors. Under the same program, an Anderson alumnus in California also gave $300,000 to be matched by $200,000 of state money for an endowed professorship.

Rounding out the list of major faculty endowments, the Anderson Schools of Management Foundation contributed $312,500 for five lectureship positions, matched by $187,500 also from Senate Bill 14.

Student scholarships received substantial bequests from the estates of Julius and Agnes Rezler ($380,375), and Ross Kailey ($123,545). Ned Parish left over $120,000 to the library that bears his name.

Continuing to fulfill a five-year pledge to select programs at UNM, the Ford Motor Company gave over $130,000 in support of student programs and scholarships in FY 03. Albuquerque area businesses contributed a similar sum, through board and event sponsorships and direct contributions to scholarships and other programs.

In total, some 500 individuals and businesses contributed to the work of the Anderson Schools in FY 03. Both the size and the number of contributions are important, according to Goering. "Everyone who contributes, helps to show the importance of the work of the Anderson Schools. That's a key factor in sustaining this momentum for future years."

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The Anderson School of Management at the University of New Mexico is dedicated to excellence in professional management education. At the Anderson School, faculty, staff, and students are committed to shaping the intellect and character of the next generation of business leaders, advancing the knowledge and practice of management, promoting economic development, and building a vibrant intellectual community that serves the highest and best interests of all our stakeholders.

The School was founded in 1947 and now offers more than a dozen concentrations at the BBA and MBA levels and is accredited by the Association to Advance Collegiate Schools of Business in the top 20% of business schools in the nation. The School is funded by the State of New Mexico and further support is generated by The Anderson School of Management Foundation. For more information, the public can visit www.mgt.unm.edu, email info@mgt.unm.edu, or call (505) 277-6471.

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