Niagara University’s $10M gift gives new name to business school | Business Local
Jeff and Mary Helen Holzschuh stood right before a group at Niagara University on Wednesday as a thriving couple who gave their alma mater $10 million – a person of the largest presents in the university’s 166-calendar year historical past, earning their name on its enterprise faculty.
But when it came time to discuss, Jeff Holzschuh choked up thinking of the young few they have been 40 a long time back, whose scholarships to attend Niagara manufactured his occupation in finance and hers in nursing achievable.
“We’ve been definitely fortunate to be equipped to give back again,” Holzschuh claimed via tears as the college committed the freshly christened Holzschuh Faculty of Enterprise Administration. “Our target has a few objectives, but quantity one is offering a complete bunch of students the capacity to arrive in this article like we did, and they probably require some help.”
Besides offering the enterprise faculty a identify, their present will supply five business and five nursing scholarships each yr, explained Niagara University President Rev. James Maher.
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“The strategy is to recruit pupils who are academically attuned and have will need,” Maher stated. “So this will be assisting performing lousy and center class pupils have the possibility to research right here.”
Niagara College unveils a signal renaming its Higher education of Business enterprise Administration as the Holzschuh University of Organization Administration next a gift by Jeff and Mary Helen Holzschuh who have pledged a reward of $10 million, the premier alumni donation in the record of the college, Wednesday, May 4, 2022. College President Father James Maher, speaks, on remaining and Jeff and Mary Helen Holzschuh on right.
Sharon Cantillon
A portion of the gift also will aid assist the men’s and women’s basketball teams, mainly because Jeff Holzschuh gained his enterprise degree on a basketball scholarship.
And the couple’s 3rd objective, he explained, “is we hope to encourage a bunch of individuals to help us and retain this heading for the next 50 or 100 years.”
Mark Frascatore, dean of the small business college, claimed the gift arrives right after a number of of yrs of strife. 4 yrs in the past, New York condition adopted the Excelsior Scholarship that would make it probable for learners to show up at SUNY schools tuition-free, which posed big recruiting challenges for private schools these kinds of as Niagara, he mentioned.
The university was creating strides in recruiting when the pandemic hit in 2019, forcing colleges to shift classes online. In July 2021, as matters have been easing up, large rain caused significant flooding that weakened Bisgrove Hall, the actual physical house of the organization school, requiring key repairs.
“Today, programs and deposits for slide 2022 are up, portending a great class of incoming freshmen,” Frascatore mentioned, “And with this generous reward from the Holzschuhs, we yet again have a experience of optimism, of guarantee and new beginnings.”
Maher described Jeff and Mary Helen Holzschuh as “students from authentic, humble families who worked tricky to alter their life.”
Jeffrey Holzschuh, a Rochester native, said the university’s small dimension and feeling of neighborhood permitted him to meet its trustees, which include the late Dick Chapdelaine, who assisted him get his initially position on Wall Street at Morgan Stanley. Practically 39 years afterwards, he is however with the firm as chair of its institutional securities division. “That labored out fairly nicely,” he deadpanned.
The previous Mary Helen Mahoney earned her nursing diploma at Niagara and went on to get the job done as a nurse at Powerful Memorial Hospital in Rochester and Memorial Sloan Kettering Most cancers Centre prior to taking time to raise a loved ones in their household of Greenwich, Conn.
The Holzschuhs have been sturdy supporters of their alma mater – both had been awarded Niagara’s Medial of Honor in 2017 for their accomplishment and service – and give cash to many leads to. But they have hardly ever made a gift of this measurement right up until now, Jeff Holzschuh explained. It is the largest alumni present in Niagara record and, with their prior donations, make the few the university’s major benefactors.
Holzschuh stated he and his spouse want to pay out it ahead simply since they are grateful. The indicator that the university unveiled Wednesday involves a photo of them and a estimate from St. Vincent DePaul: “We ought to shell out as significantly time in thanking God for his positive aspects as we do in asking Him for them,” it stated.
Holzschuh also joked about their name (pronounced “Hole-shoe”) now gracing the small business university.
“I apologize for the truth that the employees, college and everybody else is going to have to find out how to spell it” he reported.