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Development Update


Fordham Receives $6 Million for
Endowed Professorships

The University received two multimillion-dollar gifts in March earmarked for the establishment of three endowed professorships.

The first, an anonymous gift of $4 million, will be used to fund the John Boyd Chair in Poetic Imagination and the Karl Rahner Chair of Theology. The second, a gift of $2 million from the Burnett Foundation of Forth Worth, Texas, honors the distinguished career of John L. Marion, a member of the Fordham College class of 1954 and past chair of Sotheby's. The gift will be used to fund the John L. Marion Chair of Art History, Painting and Sculpture.

“These three chairs will enable the University to strengthen its standing in the wider world of American higher education,” said Joseph M. McShane, S.J., president of Fordham University. “It is my hope that the generosity of these donors will inspire many of our friends to follow their example and help the University in the achievement of its dream to become once again the premier Catholic institution of higher learning in the United States.”

PricewaterhouseCoopers Awards
Fordham Business $100,000 Grant

Fordham Schools of Business have been working on a visionary transformation and expansion of the University’s accounting programs, and a $100,000 grant—one of the largest grants PricewaterhouseCoopers (PwC) has given in New York State—will help fund the effort.

PwC has a long history at Fordham, having recruited several accounting graduates to work at the firm. Impressed by the quality work and breadth of knowledge of those Fordham alumni, the firm invited the University to submit a grant proposal. The money will help fund Fordham’s effort to incorporate the new Sarbanes-Oxley accounting guidelines into its curriculum. The legislation was adopted following the accounting scandals that have erupted in recent years.

Fordham Business was the first program in New York to address the more stringent requirements for accounting graduates, according to the state Department of Education. The new rules state that by 2009 accounting graduates in New York State must have 150 credit hours—up from 120—to take the certified public accounting exam.

“Our honors program is the first licensed program in the state to reflect new requirements for accounting graduates,” said Sharon P. Smith, Ph.D., dean of Fordham Schools of Business. “PwC’s grant will help us expand that program to all accounting students.”

— Andrea Marais

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