Jeff and Mary Helen Holzschuh stood before a group at Niagara University on Wednesday as a effective few who gave their alma mater $10 million – one particular of the greatest presents in the university’s 166-year history, earning their title on its company college.
But when it came time to speak, Jeff Holzschuh choked up pondering of the youthful couple they were being 40 yrs ago, whose scholarships to show up at Niagara created his occupation in finance and hers in nursing probable.
“We’ve been really fortuitous to be in a position to give back again,” Holzschuh reported by way of tears as the university committed the newly christened Holzschuh University of Business Administration. “Our aim has a few aims, but quantity just one is supplying a complete bunch of pupils the ability to occur listed here like we did, and they in all probability need to have some assist.”
Aside from offering the business school a name, their present will supply 5 small business and 5 nursing scholarships every yr, mentioned Niagara College President Rev. James Maher.
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“The thought is to recruit college students who are academically attuned and have want,” Maher stated. “So this will be assisting working very poor and middle course college students have the opportunity to study below.”
A portion of the reward also will enable help the men’s and women’s basketball groups, since Jeff Holzschuh acquired his organization degree on a basketball scholarship.
And the couple’s 3rd objective, he claimed, “is we hope to encourage a bunch of persons to guidance us and preserve this likely for the future 50 or 100 yrs.”
Mark Frascatore, dean of the company school, mentioned the gift comes right after a couple of of yrs of strife. Four a long time ago, New York point out adopted the Excelsior Scholarship that can make it doable for college students to attend SUNY educational facilities tuition-totally free, which posed large recruiting challenges for personal schools these types of as Niagara, he mentioned.
The university was creating strides in recruiting when the pandemic strike in 2019, forcing colleges to change classes on-line. In July 2021, as points ended up easing up, significant rain brought about critical flooding that ruined Bisgrove Hall, the bodily residence of the small business faculty, necessitating important repairs.
“Today, purposes and deposits for drop 2022 are up, portending a terrific course of incoming freshmen,” Frascatore stated, “And with this generous reward from the Holzschuhs, we yet again have a emotion of optimism, of promise and new beginnings.”
Maher described Jeff and Mary Helen Holzschuh as “students from true, humble households who worked tricky to modify their life.”
Jeffrey Holzschuh, a Rochester indigenous, explained the university’s compact dimension and sense of local community permitted him to meet up with its trustees, which includes the late Dick Chapdelaine, who assisted him get his initially job on Wall Street at Morgan Stanley. Approximately 39 yrs later on, he is even now with the company as chair of its institutional securities division. “That labored out quite nicely,” he deadpanned.
The previous Mary Helen Mahoney attained her nursing diploma at Niagara and went on to operate as a nurse at Strong Memorial Clinic in Rochester and Memorial Sloan Kettering Most cancers Middle just before using time to raise a relatives in their household of Greenwich, Conn.
The Holzschuhs have been potent supporters of their alma mater – each had been awarded Niagara’s Medial of Honor in 2017 for their achievement and service – and give money to a lot of leads to. But they have never created a reward of this dimension right until now, Jeff Holzschuh said. It is the largest alumni gift in Niagara background and, with their preceding donations, make the pair the university’s most important benefactors.
Holzschuh said he and his wife want to pay it ahead merely simply because they are grateful. The indicator that the college unveiled Wednesday incorporates a photograph of them and a quote from St. Vincent DePaul: “We should shell out as significantly time in thanking God for his gains as we do in inquiring Him for them,” it mentioned.
Holzschuh also joked about their identify (pronounced “Hole-shoe”) now gracing the enterprise school.
“I apologize for the actuality that the team, school and all people else is likely to have to master how to spell it” he stated.