(Cleveland, OH)  – Charles J. “Bud” Koch, a member John Carroll University’s Board of Directors, and his wife, Katie, have made a $1,000,000 gift to the University’s Boler School of Business to establish an endowed professorship.

The contribution is made in honor of John Carroll’s 125th anniversary and will be known as the Charles “Bud” and Katie Koch Endowed Professorship in International Business and Finance.

Mr. Koch is past chair of John Carroll’s Board of Directors. He is the former chairman and CEO of Charter One Financial and serves on a number of boards, including the Federal Home Loan Bank of Cincinnati, Case Western Reserve University, Assurant, Inc., a NYSE public insurance company, and Home Properties, Inc. (HME), which is a NYSE public company headquartered in Rochester, New York.

“We are appreciative of Bud and Katie’s friendship and generosity,” said John Carroll University President, Robert L. Niehoff, S.J.  “This endowed professorship will build upon the enhanced curriculum in the Boler School of Business, which aims to prepare our students to work and serve in the global economy.”  

John Carroll University, founded in 1886 as Saint Ignatius College, is located in University Heights, Ohio, in suburban Cleveland. The University was renamed in 1923 to honor America’s first Catholic Bishop, John Carroll of Maryland. Its Jesuit Catholic mission inspires individuals to excel in learning, leadership, and service in the region and the world.  John Carroll University is recognized nationally for an exceptional four-year graduation rate, teaching excellence, and a commitment to living a faith that does justice as central to its mission. John Carroll is one of 28 Jesuit colleges and universities in the United States.

Posted on March 9, 2011
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