July 2, 2022

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Niagara University’s $10M gift gives new name to business school | Business Local

Jeff and Mary Helen Holzschuh stood just before a group at Niagara College on Wednesday as a successful few who gave their alma mater $10 million  just one of the major presents in the university’s 166-calendar year background, earning their title on its small business college.

But when it arrived time to converse, Jeff Holzschuh choked up contemplating of the youthful few they had been 40 many years back, whose scholarships to go to Niagara built his vocation in finance and hers in nursing probable.

“We’ve been genuinely fortuitous to be able to give back again,” Holzschuh explained by tears as the university dedicated the recently christened Holzschuh Faculty of Enterprise Administration. “Our aim has three objectives, but quantity just one is providing a entire bunch of learners the skill to occur below like we did, and they likely will need some assistance.”

Aside from offering the enterprise faculty a name, their gift will give five small business and 5 nursing scholarships each and every yr, reported Niagara University President Rev. James Maher.

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“The concept is to recruit pupils who are academically attuned and have have to have,” Maher mentioned. “So this will be encouraging working lousy and center course learners have the prospect to research here.”

Niagara University gift and renaming

Niagara College unveils a indicator renaming its Faculty of Business enterprise Administration as the Holzschuh Faculty of Business enterprise Administration subsequent a reward by Jeff and Mary Helen Holzschuh who have pledged a reward of $10 million, the most significant alumni donation in the record of the university, Wednesday, May well 4, 2022. University President Father James Maher, speaks, on remaining and Jeff and Mary Helen Holzschuh on proper. 

Sharon Cantillon

A portion of the reward also will assistance help the men’s and women’s basketball teams, since Jeff Holzschuh attained his organization degree on a basketball scholarship.

And the couple’s third aim, he said, “is we hope to inspire a bunch of persons to help us and hold this likely for the up coming 50 or 100 yrs.”

Mark Frascatore, dean of the business enterprise faculty, mentioned the gift arrives after a number of of several years of strife. Four years ago, New York condition adopted the Excelsior Scholarship that would make it achievable for college students to attend SUNY faculties tuition-absolutely free, which posed big recruiting issues for personal faculties these as Niagara, he stated.

The university was making strides in recruiting when the pandemic strike in 2019, forcing schools to shift classes on the internet. In July 2021, as things were being easing up, major rain prompted critical flooding that destroyed Bisgrove Corridor, the bodily household of the small business faculty, requiring major repairs.

“Today, programs and deposits for fall 2022 are up, portending a fantastic course of incoming freshmen,” Frascatore reported, “And with this generous present from the Holzschuhs, we once again have a emotion of optimism, of promise and new beginnings.”

Maher described Jeff and Mary Helen Holzschuh as “students from genuine, humble family members who worked tricky to modify their lives.”

Jeffrey Holzschuh, a Rochester indigenous, stated the university’s small dimension and perception of local community allowed him to meet up with its trustees, together with the late Dick Chapdelaine, who aided him get his initially occupation on Wall Street at Morgan Stanley. Nearly 39 years later on, he is nonetheless with the company as chair of its institutional securities division. “That labored out quite effectively,” he deadpanned.

The former Mary Helen Mahoney acquired her nursing diploma at Niagara and went on to operate as a nurse at Powerful Memorial Hospital in Rochester and Memorial Sloan Kettering Most cancers Middle just before using time to elevate a relatives in their residence of Greenwich, Conn.

The Holzschuhs have been sturdy supporters of their alma mater – both equally ended up awarded Niagara’s Medial of Honor in 2017 for their accomplishment and service  and give dollars to numerous results in. But they have in no way built a present of this sizing right until now, Jeff Holzschuh explained. It is the largest alumni reward in Niagara heritage and, with their prior donations, make the pair the university’s largest benefactors.

Holzschuh stated he and his spouse want to shell out it forward just because they are grateful. The indication that the university unveiled Wednesday features a photograph of them and a quotation from St. Vincent DePaul: “We need to expend as significantly time in thanking God for his added benefits as we do in inquiring Him for them,” it claimed.

Holzschuh also joked about their identify (pronounced “Hole-shoe”) now gracing the small business faculty.

“I apologize for the reality that the team, faculty and everybody else is likely to have to understand how to spell it” he said.