The comprehensive
campaign for William Paterson University raised more than
$40 million exceeding its initial $30 million goal. Highlights
of this campaign include major gifts which provide immediate
and transformative enhancements to our students’ learning
experiences. Several
gifts, including the following, have enabled the University
to bring our educational resources
to a new level:
The John Victor Machuga Foundation $1 million in FY 1998-1999
The University’s first seven-figure donation, this
$1 million gift from the John Victor Machuga Foundation was
divided three ways: $350,000 for scholarships to support
students who demonstrate financial need; $350,000 to create
an endowment for scholarships to support high-achieving students;
and $300,000 for student programming in the newly-named John
Victor Machuga Student Center.
Outcomes Twenty-one students have been awarded scholarships, and
the programming that resulted from the gifts has supported
and enhanced student life and leadership.
Christos
M. Cotsakos ’73
and Tami Cotsakos ’71 $8.3 million in May 2001
Christos M. Cotsakos `73, founder, chairman and chief executive officer of Money and Living Holdings and Pennington Ventures LLC, and former chairman of the board and
chief executive officer of E*TRADE Group, Inc., Tami Cotsakos
'71, and E*TRADE endowed $8.3 million to further support
the growth and development of the College of Business, which
was renamed the Christos M. Cotsakos College of Business,
the E*TRADE Financial Learning Center, and the Cotsakos Family
Scholarship Fund in Music.
Outcomes The Christos M. Cotsakos
College of Business (recently accredited by the Association
to Advance Collegiate Schools of Business) is home to a simulated
trading and financial center where students learn about the
principles of investing and money management. Several
students have furthered their musical education with the
financial assistance of the Cotsakos Family Music Scholarships.
David
and Lorraine Cheng $1 million in June 2001
A former member of the William Paterson University Board
of Trustees, David and his wife Lorraine donated $1 million
to create an endowment to enhance the library’s print
and electronic collections. In recognition of the gift,
the institution renamed the building the David and Lorraine
Cheng Library during a ceremony in June 2001.
Outcomes The gift has made it
possible to greatly expand the Library’s
Chinese literature collection and to facilitate research
and scholarship for faculty and students. This endowed
gift will continue to provide support for a state-of-the-art
library for years to come. Currently, the Library includes
350,000 volumes, 1,700 periodical subscriptions, a growing
collection of Internet-accessible journals and books, more
than 80 electronic databases, and an extensive collection
of films, videos, audiotapes and CDs.
The
Russell Berrie Foundation $6.2 million in FY 2002-2003
In a unique partnership between the private sector and higher
education, the University established the Russ Berrie
Institute for Professional Sales in the Christos M. Cotsakos
College of Business. Shortly before his death in December
2002, Russ Berrie, founder, chairman and chief executive
officer of Russ Berrie and Company, Inc., pledged to invest
$6.2 million over five years to establish the Institute,
which is the first program of its kind in the Northeast. In
addition to undergraduate teaching, including a concentration
in professional sales, RBI provides education and
training to sales professionals through the Center for Sales
Education, offering customized training programs and continuing
education workshops; the Center for Sales Leadership, which
offers professional executive programs dealing with managing
a sales force and supervising sales professionals, and the
Center for Strategic Account Management, for account executives
responsible for large account management.
Outcomes Housed in the University’s Christos M. Cotsakos College
of Business and located in William Paterson’s new building
at 1600 Valley Road, the Institute has developed educational
programs for undergraduate students and sales professionals. The
Russ Berrie Professional Sales Lab gives William Paterson
students and working professionals a decided edge in the
competitive field of sales by allowing them to develop and
perfect sales presentations in a simulated, real-world setting. The
lab also supports the Institute’s curriculum for business
majors, including classes offered in negotiation, sales information
systems, and technology and professional sales.
Highlights
of the campaign include:
A $60, 000 gift from Becton Dickinson for a three-year commitment to the Becton Dickinson/Russ Berrie Institute Sales Scholars program.
The John Victor Machuga Foundation has offered gifts totaling $1 million for scholarships, endowment, and student programming support. The Machuga Foundation became the University’s first $1 million donor in 1999 with a gift for scholarships and student programming.
An anonymous gift of $150,000 to support scholarships for financially needy students from historically underrepresented groups.
An $80,000 gift from the Holly Beach Library Beach Association to support the research on dune grass by Michael Peek, assistant professor of biology
A $50,000 gift from Aaron Van Duyne ’75 and his wife Jacqueline for scholarships for nursing students dedicated to oncology nursing
A $50,000 gift from Richard Miller to create an endowed scholarship in honor of his wife, Sharon Miller ’57, a retired teacher from the Wayne Board of Education
A $50,000 gift from Maryann Carroll-Guthrie ’76, president of King Harbor Marina to create a Family Business Initiative to study and lend expertise to the practice and management of family-owned businesses.
A $50,000 gift from Dr. Marjorie Heller ’62, superintendent of schools, Little Silver Board of Education, in support for the educational leadership program.
A $50,000 gift from Frank Maltese and the Maltese family to create an endowed scholarship
A $50,000 commitment from Dr. Orlando and Lorraine Saa towards the Maria Saa/Marietta Cutillo Family Scholarship Fund, an endowed scholarship named in memory of their mothers to support a student majoring in Spanish with an emphasis on academic achievement
Additional donations have provided support for a student leadership program, athletics, student activities, faculty research, the jazz studies program, the Small Business Development Center, Paterson Teachers for Tomorrow, and the first Women’s Leadership Conference.
