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Anderson gift provides essential faculty support
An innovative approach to attracting and retaining outstanding junior faculty for the Farmer School of Business at Miami received a major boost last week with the announcement of a $1 million gift from Jack R. and Rose-Marie Anderson.
The Andersons’ gift helps build an endowment that will provide a five-year salary supplement for highly qualified emerging teacher-scholars. The fund will enable the Farmer School to compete for the very best talent available, said Dean Roger L. Jenkins. The Andersons’ $1 million will be matched by $500,000 from a leadership gift pledged in 2005 by Richard T. and Joyce B. Farmer of Cincinnati and the Farmer Family Foundation. Similar gifts are being sought, and likewise will be matched, up to a total of $5 million pledged by the Farmers. The funds will create chairs for assistant professors.
“Dick and Joyce Farmer realize that, while it is wonderful and important to provide endowed chairs for established faculty, we must constantly plan for the future by investing in promising younger scholars,” Jenkins explained.
Jack and Rose-Marie Anderson, like the Farmers, are good friends of the Farmer School of Business. In 2000 they endowed a major lecture series that has brought world leaders to the Miami University campus, most recently, Supreme Court Justice Sandra Day O’Connor. A second gift in 2004 established the Jack Anderson Professor of Finance chair.
After earning an undergraduate degree in business from Miami in 1947, Jack Anderson received an advanced degree from Columbia University Business School and built a career in accounting and finance with several large corporations. In 1982 he retired from active management and founded Calver Corp., a health care consulting and investment company.
“The university is extremely grateful to the Andersons not only for their continued generosity but also for their support of the Farmer School’s vision for the future,” said President David Hodge. “Their investment in talented young faculty will benefit many generations of students to come.”
Date Published: 02/22/2007