Allen W and Carol M Schmidthorst
Allen W and Carol M Schmidthorst

BGSU names Allen W. and Carol M. Schmidthorst College of Business

Ohio entrepreneurs donate $15 million for business education at the University

Following a special meeting of the Board of Trustees on July 31, BGSU President Rodney K. Rogers announced a historic $15 million gift from Ohio entrepreneurs Allen and Carol Schmidthorst, establishing the Allen W. and Carol M. Schmidthorst College of Business.

It represents the single largest academic gift in the University’s 110-year history and the first named college at BGSU.

“It is an absolute honor to name BGSU’s business college for Al and Carol Schmidthorst in recognition of their extraordinary impact,” said President Rogers. “Business education has always been a hallmark of the University, and Al and Carol’s philanthropic support elevates our international business education reputation.”

Together with the opening of the Maurer Center, the Schmidthorst College of Business will support the University’s strategic plan, which prioritizes redefining student success through innovative, experiential learning opportunities.

The Schmidthorsts’ $15 million gift will provide endowed and current-use resources, enhancing current academic programs and advancing new and innovative programs in the future. With an emphasis and focus on students, the gift will also be used to fund scholarships and fellowships for undergraduate and graduate students seeking a business degree, and the retention of students demonstrating financial need.

In addition, the gift will provide endowment for professorships and academic program leaders, supporting recruitment and retention efforts of outstanding faculty in key disciplines and increasing national recognition for BGSU’s business education programs.

“The impact of this gift cannot be understated,” said Dr. Joe B. Whitehead Jr., provost and senior vice president of academic and student affairs. “It shapes the future of the academic programs offered by the University and will provide enhanced opportunities for our students and faculty as they contribute business expertise for the community at large.”

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Updated: 06/24/2021 01:41PM