College Exceeds $30 Million Achieve! Campaign Goal
The seven-year fund-raising effort officially ended on June 30, 2008, and results were announced by Chancellor James L. Oblinger at a celebration held on Sept. 19. The final tally showed that the College of Management exceeded its goal by nearly $600,000. Campus-wide, the campaign was the most successful ever conducted by NC State, placing the university among an elite group of less than 50 colleges and universities that have raised more than $1 billion.
Achieve! set in motion the college’s first major campaign and contributions are already at work, supporting scholarships and fellowships for students, professorships for faculty, research, program development, facilities and equipment, and other initiatives that continue developing the depth and strength of the college. Additional resources will become available as endowments committed during the campaign mature and multi-year gift pledges are fulfilled.
“Exceeding our goal was indeed a great achievement for a college that has been in existence for just 16 years,” said Ira R. Weiss, dean since 2004. “We are very grateful for the alumni and friends of the college – including members of our own faculty, staff and advisory boards – who stepped up to help us reach this ambitious goal,” Weiss said.
“Their contributions validate and enable us to work toward fulfilling our vision, which is to be a leader in management education with a focus on technology and innovation, entrepreneurial programs and international initiatives,” he said.
Jenkins Graduate School
The naming of the Jenkins Graduate School of Management in September 2007 in recognition of a gift from Ben Jenkins, vice-chairman and president of the General Bank, Wachovia, reflects the value that Jenkins places on the college’s emphasis on management education for today’s technology-driven workplace. The Jenkins Graduate School includes the college’s Master of Accounting, Master of Business Administration, Master of Global Innovation Management (MGIM) programs, and Graduate Economics Programs – master’s and Ph.D. – offered jointly with NC State’s College of Agriculture and Life Sciences.
“I think the College of Management’s graduate programs have the potential to be among the top two or three graduate schools of business for technology-oriented students,” Jenkins said when the naming was announced last year. “It’s not just the technical skills that you need to be successful; it’s the people skills. Management programs round out a person’s prior education, providing the skill sets needed for success in business today.”
“Support for professorships, initiatives and program development similarly reflect the value of our faculty and the relevance of their research and new programs launched in response to changes in today’s global business environment,” Weiss said. For example, a gift from E. Stephen Stroud, chairman of NAI Carolantic Realty in Raleigh, is supporting development of the college’s undergraduate and graduate entrepreneurship education programs.
“It is this kind of endorsement and support that is enabling us to build a world-class teaching and research environment, and to provide the experiences and support our students need to gain the skills required to make an impact, wherever their careers take them,” Weiss said.
Growing Global
Because today’s careers can indeed take a person virtually and physically anywhere in the world, Weiss has placed a strong emphasis on growing the number and type of international opportunities available to the college’s students. To lead this global academic initiative, Weiss recently named Associate Professor David Henard, in the college’s Department of Business Management, as the college’s director for international programs.
This fall, Henard and Weiss welcomed the first 18 students into the MGIM program. The welcome took place in France, where the first semester of the one-year master’s program is under way at the IAE Graduate School of Management in Aix-en-Provence, the college’s partner for this program. This first cohort of students will be at NC State for the spring 2009 semester, and will complete their program with international internships.
Weiss is exploring opportunities for establishing similar programs in other countries, and is already working on international partnerships for additional research and academic programs, including one with Zhejiang University in China. He also is exploring additional new study abroad opportunities in partnership with business schools in several European institutions.
Support for Students, Academics
Back in Raleigh, a gift from the Caterpillar Foundation is funding the renovation of the former SAS building on Hillsborough Street, across from Nelson Hall. The facility will be used by the college’s Supply Chain Resource Cooperative (SCRC), providing space for supply chain faculty and students to work with industry partners on practicum classes – a key part of the college’s graduate and undergraduate supply chain curriculum. Staff from other centers and initiatives in the college will also be located there, making more room available in Nelson Hall for new faculty who will be joining the faculty in the coming years to meet our growing enrollment. Also, a gift from James W. Owens, chairman and CEO of Caterpillar, Inc., is funding an endowed professorship and new program development in supply chain management.
“These few examples show the tremendous impact that the campaign has already made on the college,” Weiss said. “On behalf of the college, I thank all those who participated in this pace-setting campaign. The ongoing support of our alumni, donors and corporate partners is essential to further developing and sustaining academic excellence in the College of Management. We look forward to continuing to grow our network of friends and supporters, using the resources to continue building on our foundation and developing the research and academic programs needed for leadership in today’s dynamic global business community.”
How the $30,590,019 received has been allocated
- Student Scholarships & Fellowships: 23.2%
- Research: 22%
- Program Development: 12.2%
- Faculty Support: 9%
- Facilities & Equipment: 3.3%
- Unrestricted Funds: 30.3%
Initiatives announced in the course of the campaign
- A gift from Bank of America enabled the development and growth of the college’s Enterprise Risk Management (ERM) initiative, which in turn has supported new faculty research in this field and led to a new ERM concentration in the Master of Accounting curriculum, as well as executive education and other outreach programs.
- Support from IBM and Xerox is enabling the college to build it services management and consulting and product innovation management curricula, along with faculty research in these areas. This work is being coordinated through the Service and Product Innovation Management Initiative led by Mitzi Montoya, Zelnak Professor of Innovation Management.
- A gift from BB&T is supporting the development of a new Center for the Study of Free Markets and Institutions.
- A gift from Jim Owens, president and CEO of Caterpillar and the Caterpillar Foundation is supporting the renovation of facilities for the SCRC, as well as scholarships for students in supply chain management studies.
Professorships announced in the course of the campaign
- Mark Beasley named the Deloitte Professor of Enterprise Risk Management
- Mitzi Montoya named the Zelnak Professor of Marketing Innovation
- Rob Handfield named the Bank of America Distinguished Professor
- Owens Distinguished Professors of Supply Chain Management, to be awarded to a faculty member
- Wilkinson Family Professor of Marketing, to be awarded to a faculty member
- Three endowed Jenkins Family Professorships, one each in the departments of accounting, business management and economics
- BB&T Distinguished Professor of Free Markets & Institutions, to be awarded to a faculty member
- J. Lloyd Langdon Distinguished Professor of Marketing, to be awarded to a faculty member
Campaign Steering Committee Members
- D. McQueen Campbell, III, Broker
- Ben Jenkins, vice-chairman and president of the General Bank, Wachovia
- Stanhope A. Kelly, senior executive vice president and president, Wealth Management, Wachovia Bank
- O. Temple Sloan, Jr., chairman, General Parts, Inc.
- E. Stephen Stroud, chairman, NAI Carolantic Realty
