A $250,000 gift from Nestlé USA will support several strategic educational priorities of Miami University.
“This gift is designed to promote student development in ways that Nestlé considers critical,” said Brad Alford (’78), chairman and CEO of Nestlé USA. “We are a global company, and commerce will only get increasingly global; therefore, students need to become comfortable in cultures other than their own. We also want to promote undergraduate research and team-based learning, and provide support to faculty members who seek to rise to the top in their fields.”
Half of the money will create the Nestlé USA International Scholars Fund, which will provide financial assistance to students in the Farmer School of Business to participate in an FSB study-abroad program.
The other half of the gift will help underwrite the development of a video project for the Principles of Marketing class, fund professional advancement opportunities for Farmer School faculty members and support undergraduate research or other special projects for students in the School of Engineering and Applied Science (SEAS).
“We are extremely grateful to Nestlé USA and to Brad Alford for this generous gift that helps the Farmer School advance three strategic initiatives: increasing student engagement and performance, developing students’ global perspectives, and enhancing the recognition of our faculty,” said Roger L. Jenkins, FSB dean.
“The new Nestlé USA Undergraduate Research and Special Projects Fund supports a key aspect of the SEAS educational experience,” said Marek Dollàr, dean of the SEAS.
“A hallmark of the SEAS curriculum is the hands-on and laboratory-focused experiences for students at all points within their SEAS studies,” said Alford. “This fund will provide annual resources to enable those projects to flourish.”
Nestlé USA recruits actively at Miami University and hires a number of its graduates every year. Nestlé USA, with 2008 sales of $10.0 billion, is part of Nestlé S.A. in Vevey, Switzerland — the world’s largest food company — with sales of $101 billion.