Pledges and Gifts to Excellence in Banking Endowment Exceed $11 Million
October 1, 2019 | By: April Chavez
The Jerry S. Rawls College of Business continues to make strides in fundraising for the new Excellence in Banking Program.
The Jerry S. Rawls College of Business has now garnered $11,065,000 in financial support for their new Excellence in Banking Program.
The fundraising success has positioned the college for several significant next steps in the program's development, including hiring a program director and recruiting top-notch students to the program.
Rawls College Dean Margaret L. Williams said she is grateful for the strong support from the banking industry.
"One of the most exciting aspects of West Texas and the Texas Tech University communities to a newcomer like I am, is learning that when there is a need or an initiative that is vital to our growth as a region and an educational institution, the public responds to support that need," she said.
The Excellence in Banking Program was initially driven by the demand for qualified banking professionals, particularly in smaller communities. Since the state-wide fundraising effort kicked off in June, 43 foundations, individuals, banks and professional associations have committed funds to support the program in developing the next generation of banking professionals.
"The fact that we have made such great strides in establishing this program is encouraging to us, giving us the confidence that what we are doing is right for the industry. This program is another example of Texas Tech's desire to merge academic success with industry experience in order to produce graduates who are set up for success even before graduation," said Williams.
The program is designed to produce skilled bankers by giving students a comprehensive understanding of modern operations and practices. Students will complete courses in finance, accounting and advanced banking topics; and complete a banking internship to prepare them for long-term success in the ever-changing banking industry.
Ryan Todd, senior director of development for Rawls College said his team is working to secure additional gifts to support student scholarships.
"Supporting students through scholarships remains a top priority for Rawls College," he said. "Philanthropy provides our students access to an education that may have otherwise been unattainable and it increases financial flexibility while they seek their degrees to ultimately become the next generation of bankers. We thank the many banks, foundations, and individuals that have provided exceptional gifts to this program and we look forward to additional supporters joining in the future."