UA Entrepreneurship Program Celebrates $3 Million Endowment and New Name
April 24, 2003
The University of Arizona's Eller College of Business and Public Administration announces a $3 million endowment gift for its entrepreneurship program from the H.N. and Frances C. Berger Foundation of Palm Desert, California.
The program, currently known as the Berger Entrepreneurship Program will be renamed the Chris and Carol McGuire Entrepreneurship Program in honor of the two University of Arizona graduates. Chris McGuire is vice president and a director of the Berger Foundation and, with this gift, the Berger Foundation board has chosen to honor the McGuire's service to the Berger Foundation and its mission of "helping people to help themselves."
Chris McGuire also serves on the UA Foundation Board, and is a member of the Eller College National Board of Advisors. Mark Zupan, Dean of the Eller College said, "Chris is a real friend of the College and the University who never forgot his university or his home town. We are extremely grateful for his continued interest in the improvement of the Eller College and for his unwavering support of our students."
The Berger Foundation has a long history with the Eller College and with The University of Arizona, giving more than $9 million over the years. Berger Foundation funds built the Berger Auditorium and the Berger Student Leadership Center in McClelland Hall, provided scholarships for both undergraduate and graduate entrepreneurship students, and supported a variety of other university programs. Chris McGuire serves as a judge each year in the Karl Eller Center's business plans competition and mentors students in the program.
"For more than a decade Chris and Carol McGuire have been strong supporters of entrepreneurship at The University of Arizona and we are proud to name our program in their honor. The endowment made possible by the Berger Foundation will enhance our program for future generations and puts the entrepreneurship program on solid financial footing," said Gary Libecap, director of the Karl Eller Center that houses the nationally ranked entrepreneurship program.
"Carol and I have had the pleasure of working with the UA's entrepreneurship program for many years. Our son is a graduate of the program so we have seen the value of the program first hand. We are honored that this program will bear our names and we are grateful to the Berger Foundation for this honor," said Chris McGuire.
The new Berger Foundation endowment gift brings the Eller College's $100 million Campaign for the New Century to more than 90 million in pledges and donations. The Eller College Campaign for the New Century is part of Campaign Arizona, the UA's five-year fundraising effort. Campaign Arizona is at $920.4 million in total gift commitments towards its $1 billion goal.
The Eller College of Management at the University of Arizona is internationally recognized for pioneering research, innovative curriculum, distinguished faculty, excellence in management information systems, entrepreneurship, and social responsibility. U.S. News & World Report ranks the Eller undergraduate program #11 among public business schools and two of its programs are among the top 20 — Entrepreneurship and MIS. U.S. News & World Report ranks the Eller MBA Full-Time program #48 in the U.S. The College is among the leaders of business schools generating grant funds for research. In addition to a Full-Time MBA program, the Eller College offers the 25th ranked Evening MBA program, the Eller Executive MBA and the Online MBA. The Eller College of Management supports more than 5,000 undergraduate and 600 graduate students on the UA campus in beautiful Tucson, Arizona, and a satellite campus in Phoenix.
Liz Warren-Pederson, Eller College of Management
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