A major corporation and private foundation donated a combined $3 million to Arizona State University’s W.P. Carey School of Business.
The Evans Charitable Foundation donated $1 million to establish the Stephen O. Evans Professorship and support the school’s new real estate initiative. PetSmart donated $2 million to create the PetSmart Chair in Business Leadership.
“At the heart of having a world class business school is having a world class faculty,” said Robert Mittelstaedt Jr., dean of the W.P. Carey School.
Part of attracting experienced faculty is being able to offer them honors that reflect what they’ve achieved in the academic world, Mittelstaedt said.
The two new positions will allow the faculty members who are selected to further their research and teaching.
As a relatively young university, ASU doesn’t have as many chairs or professorships as older institutions, so that’s been one of the school’s highest priorities in recent years, Mittelstaedt said.
PetSmart’s donation marked the second chair that’s been established by the Phoenix-based company in the business school — a rare occurrence, especially in a period of declining corporate philanthropy, he said.
The new chair position is aimed at recruitment, development and retention of future business leaders, especially in the retail sector. The chosen faculty member will also be able to create a new leadership program.
The holder of the Stephen O. Evans Professorship will be chosen from among 190 professors. Stephen Evans is president of Evans Realty Associates and is an ASU Foundation trustee.