A Toledo firm with a history of community service and engagement has lent a hand-and its name-to the UT College of Business Administration's new center.
A $1 million gift by Savage & Associates will support the Savage & Associates Complex for Business Learning and Engagement. The new complex, a 51,000-square-foot addition to Stranahan Hall, is expected to open by fall 2008.
Savage & Associates Co-Presidents Dan
Steinberg and Tim Toland joined Dr. Thomas Gutteridge, dean of the College of
Business Administration, to announce the gift at the Nov. 21 UT-BGSU football
game.
"Without this gift, the complex might not be a reality," Dr. Gutteridge said. "We are grateful to Dan, Tim and all the financial advisers that helped to make it a reality."
The gift originated during UT's last capital campaign, UT 40, with $700,000. An additional $300,000 has been raised during UT's current $100 million The Time is Now campaign, to create a $1 million "bridge" gift.
"This gift would not be possible without the passionate support of our advisers, employees and strategic partners," Mr. Steinberg said. "This facility will stand as a tribute to that devotion."
"We started down this path to create a structure that would symbolize the relationship between Savage & Associates and The University of Toledo," said Mr. Toland. "It's a thrill to see it coming together at such a great time for UT."
"This gift is more than just a financial contribution," Dr. Gutteridge said. "It showcases the partnership UT has with Savage & Associates. We will be calling upon our partners to help us educate future business leaders and strengthen our community."
"A bridge gift like this serves as reminder that the relationship between UT and Savage & Associates is long-standing, with deep roots," said Vern Snyder, UT vice president for institutional advancement.
"It is a testament to the importance the company places on education," said Mr. Snyder, "as well as the importance that the University places on its engagement with the business community."