BusinessPeoples Financial institution pledges $1M to Marietta Faculty for...

Peoples Financial institution pledges $1M to Marietta Faculty for enterprise division merger | Information, Sports activities, Jobs

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Chuck Sulerzyski, president and CEO of Peoples Bancorp Inc. and Peoples Financial institution, introduced Marietta Faculty President Invoice Ruud with a ceremonial verify Tuesday on the entrance steps of the McDonough Heart. Becoming a member of them had been college, retired college, workers and college students from each enterprise and economics and management. (Photograph by Michele Newbanks)

MARIETTA — The president and CEO of Peoples Financial institution introduced a pledge Tuesday afternoon of $1 million to assist with the merger of Marietta Faculty’s division of enterprise and economics and the McDonough Heart for Management and Enterprise.

Peoples Financial institution President Chuck Sulerzyski mentioned this was the largest present in Peoples Financial institution historical past. The faculty will obtain $200,000 a 12 months over the following 5 years to meet the $1 million pledge.

“We’ve got a long run relationship with Marietta Faculty and we’re very excited concerning the mixture of the management program and the enterprise faculty,” he mentioned. “I feel collectively, they’ll proceed to do the good issues the management program does for the faculty and likewise make the enterprise faculty stronger.”

MC President Invoice Ruud mentioned the cash might be used for all applications, college help and workers help over the following 5 years of the merger of the 2 departments.

“To be pushed by a mixture of wants that now we have … programmatic wants, scholar wants, college wants,” Ruud mentioned.

He mentioned there are neighborhood wants, so the faculty will use the cash to make the applications that they’ve greater and higher.

“In order that firms like Chuck’s all through the Mid-Ohio Valley and past will say, ‘after I’m on the lookout for leaders, I’m on the lookout for management graduates, I’m on the lookout for enterprise and financial graduates, I’m going to return right here,’” he mentioned. “‘And after I’m on the lookout for the knowledge and information of school and workers in management and in enterprise and economics, I’m going to return right here.’”

Sulerzyski mentioned the merger will make it extra enticing for college students to return to Marietta Faculty.

“I feel it can make it extra enticing for firms like mine that recruit individuals from each the management program and the enterprise program,” he mentioned.

An announcement launched after the donation mentioned the funding got here simply 11 days after MC formally introduced its $100 million complete marketing campaign, “That is the Time,” through the 2021 Homecoming festivities. The faculty is already greater than two-thirds of the best way towards its fundraising objective with presents and pledges now totaling almost $71 million.

Josh Jacobs, vice chairman for development at MC, mentioned there are seven priorities for the “That is the Time” marketing campaign:

¯ Pupil Heart – $20 million for a brand-new Pupil Heart for Our Time.

¯ Marietta Fund – $13 Million. The Marietta Fund, and different annual presents, which help the general Marietta expertise.

¯ Endowed Scholarships – $35 million for merit-based and institutional need-based help.

¯ Distinctive Tutorial Applications – $15 million for college and scholar collaboration, Bernard P. McDonough Heart for Management and Enterprise, the Heart for Well being Care and Caring Fields.

¯ School Growth – $10 million for professorship endowments, visiting professor endowments, {and professional} growth.

¯ Pupil Engagement – $3 million to boost the student-athlete expertise and for the Tutorial Useful resource Heart.

¯ Marietta Pleasure – $4 million for campus accessibility, beautification, and wayfinding.

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