July 18, 2011 | Queens College
The Queens College Office of Development recently announced that the college has received three major gifts.
Its new graduate program in risk management is in receipt of a substantial in-kind gift from the company Barrie and Hibbert. The company has donated 25 licenses in perpetuity for its economic scenario-generating software that will permit graduate students to do risk analysis and other functions necessary for them to receive their degrees. The generous gift, valued at $5.6 million, represents something of an investment on the part of Barrie and Hibbert, explains program director Diane Coogan-Pushner (Economics).
“We use the Barrie & Hibbert software in the classroom to give our students some hands-on experience with asset-liability management and derivatives pricing,” says Coogan-Pushner. “We are graduating cohorts of students with this experience and who can be immediately productive in an asset-liability function that makes use of the software. This helps promote their product over competing economic scenario generators. Already we have had recruiters approach us looking for graduates with Barrie & Hibbert experience.”
The news that a gift of $1.6 million had been made to the Aaron Copland School of Music by a fan of the college’s concerts was music to the ears of Director Edward Smaldone.
“Mrs. Beatrice Schacher-Myers was a Queens resident and music lover who attended many concerts and performances at Colden Center and LeFrak Hall,” he says. “She decided to express her love for music and Queens College by leaving 80 percent of her estate to the Aaron Copland School of Music for the sole purpose of awarding scholarships to students studying here.”
Schacher-Myers lived in Forest Hills and had no heirs. It took three years for her will to clear probate; the first scholarships will be awarded next fall.
With obvious relish, Smaldone notes that “Mrs. Schacher-Myers decided that there was only one other institution of musical learning that was worth leaving money to: She left the other 20 percent of her estate to Juilliard.”
Particularly gratifying was the gift of $1 million to Urban Studies from Amy Hagedorn ’73 (MSEd) via her Hagedorn Foundation. $750,000 will endow a professorship to teach poverty and affluence; $250,000 will go for scholarships and stipends for students.
Urban Studies Chair Leonard Rodberg says Hagedorn is interested in issues of inequality, the environment, and service learning. “We’re certainly the only department on campus focused on those three elements. The issue of inequality, in particular, has been the theme of the department since it was founded in 1971. The course that would normally be called Introduction to Urban Studies, in our department it’s called Urban Poverty and Affluence.”
Assistant Vice President of Development Laurie Dorf affirms, “This gift addresses a core theme of Queens College: teaching and researching issues of poverty and justice.”
“Also,” continues Rodberg, “our department is so young we don’t have alumni who are seriously retired or seriously wealthy. They tend to go into government, public service, or various nonprofits.
“This is quite nice because generally our contributions run in the range of $100. A million-dollar endowment is going to change a lot in the department.”
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Contact: Phyllis Cohen Stevens
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