Wells Fargo, a longtime partner with the University of Wisconsin-Eau Claire Foundation, has made a gift of $16,000 to benefit the investment management program in UW-Eau Claire's College of Business.
Of the total gift, $15,000 will support the remodeling of a College of Business classroom to include new equipment and technology for participants in the investment management program. The remaining $1,000 will support the Wells Fargo College of Business Diversity Scholarship.
The gift brings to more than $108,000 the total financial support Wells Fargo has contributed to the Foundation over time. The gift is recognized as a contribution to Fulfilling the Promise of Excellence, the UW-Eau Claire Foundation's ongoing campaign for the university's people and programs.
"We are thankful that once again Wells Fargo has stepped forward to support the students of UW-Eau Claire," said Carole Halberg, UW-Eau Claire Foundation president. "Wells Fargo has a long history of support for the university that goes back almost 40 years. We are grateful for our continued strong partnership with this leader in the Eau Claire business community."
The Wells Fargo gift will allow the College of Business to create the Wells Fargo Investment Lab, a conference-style classroom for the college's investment management program. The lab will incorporate technology and furnishings to accommodate team-oriented investment research and business discussions and presentations, said Ray Hughes, College of Business accounting and finance lecturer.
Each year students in the investment management program invest money from a UW-Eau Claire Foundation fund that supports student scholarships, fellowships and faculty development. The students are overseen by an advisory board that includes Foundation and faculty members and alumni in the community.
Wells Fargo was an active partner in developing the investment management program, and the recent gift is a continuation of that partnership, Hughes said.
"The College of Business sincerely appreciates Wells Fargo's generosity and efforts to introduce investment management principles and technologies to this generation of students," Hughes said.
In addition, Wells Fargo's support for a diversity scholarship will help broaden the spectrum of participants in the investment management program to better match the demographics of the student and community populations, Hughes said.
The Wells Fargo gift is intended to help students gain the knowledge that is key to successful investing, said Ralph Miller, district president of Wells Fargo Banks-Western Wisconsin.
"By committing to the development of the Wells Fargo Investment Lab and granting students financial support through the diversity scholarship, we are providing students working knowledge and experience in investment analysis," Miller said. "We commend UW-Eau Claire's leadership in initiating this curriculum. We look forward to seeing its yield: successful business and community leaders helping drive the next stage."
- UW-Eau Claire News Bureau