Thanks to one of the College’s most generous benefactors, the Madden School of Business at Le Moyne will benefit current and future students by strengthening curricular resources, introducing cutting-edge technology and developing a dedicated space to house the new School. The Madden School of Business at Le Moyne was made possible by a $7 million gift – the second largest single donation in College history – from Mike Madden, a member of the Le Moyne class of 1971. The announcement took place at the 26th annual Accounting and Business Administration Alumni Dinner, held on Thursday, April 26, 2012.
“This signifies a watershed moment for academics at the College, as Mike’s generosity will profoundly impact students enrolled in our business programs and all those who will attend in the future,” said Le Moyne President Fred Pestello. “This gift – the latest in a series of remarkable events that have placed Le Moyne on a solid upward trajectory – deepens our resolve to develop business leaders who are professionally proficient and also committed to the ethical tenets that are hallmarks of a Jesuit, Catholic education.”
ABOUT MIKE MADDEN
In 1997, Mike gave Le Moyne its first $1 million gift, which established the Madden Institute for Business Education. Beyond his philanthropic support for the Jesuit institution, Mike served as chair of the College’s Board of Trustees from 1999 to 2003. He was also co-chair of Le Moyne’s Tradition with Vision comprehensive campaign, which raised more than $30 million in the 1990s, far exceeding its $25 million goal. He has been an adjunct faculty member and guest lecturer in both undergraduate and graduate courses at the College. After graduating magna cum laude from Le Moyne with a bachelor’s degree in economics, he earned a Master of Business Administration degree in finance, with distinction, from the Wharton School, University of Pennsylvania. Prior to founding BlackEagle Partners, Madden was a senior partner at Questor Management Company, LLC. He began his career at Kidder, Peabody & Co., where he ultimately rose to become head of Global Investment Banking, a position he also held at both Lehman Brothers Holdings and PaineWebber.
ABOUT THE SCHOOL
The Madden School is comprised of three centers of excellence – Entrepreneurship, Innovation and Creativity; Global Business; and Leadership and Business Ethics – that complement our core values while providing the essential resources for Le Moyne’s business students to become leaders for the 21st century. The School will be located in a fully renovated and reconfigured Mitchell Hall, one of Le Moyne’s most historic buildings. Among the features of this new academic space will be a trading floor, a financial education center, a forensic accounting laboratory, and an applied research and executive education laboratory. Once fully funded, the Madden School will feature endowed professorships in accounting, business analytics, information systems and marketing. There will also be additional funding to support undergraduate and graduate scholarship to help ensure access for all students.
SUPPORT FOR THE SCHOOL
In addition to the $7 million lead gift, three other Le Moyne graduates have made significant contributions to the School of more than $1 million. The College is grateful for the generous financial support of Kathy ’66 and John Purcell ’65 and Jack Collins ’60. The College anticipates the support of other alumni, friends and corporate partners will help it reach the $15 million goal set for the Madden School of Business capital campaign.