Thursday, October 7, 2010

Historic Donation Announced for Schools of Business

Dear Faculty, Staff and Students,

I am pleased to announce that former Wake Forest parents Mary and Mike Farrell of Summit, N.J., have made a historic $10 million commitment to Wake Forest. Their gift will be used toward construction of a new home for the Schools of Business.

The gift is the largest cash commitment ever by living individuals to the University and the largest commitment ever to the Schools of Business. Construction on the new building will begin in the spring and is scheduled to be completed in the summer of 2013. The building, to be called Farrell Hall, will be located at the intersection of Wake Forest Road and Wingate Road. It will include state-of-the-art technology and a unique “living room” design to foster interaction between faculty, staff and students.

The Farrells have said that they decided to make this gift in appreciation for the outstanding experience that their son, Michael Edward Farrell (¹10), had at Wake Forest. That means that each of you who contribute to the Wake Forest experience in different ways -- as teachers, staff members and fellow students -- helped secure this commitment.

Additional details about the gift and the new building can be found on the Wake Forest website, by clicking here, and an article in the Wall Street Journal.

Nathan O. Hatch

Editorial note: Mike Farrell also played an instrumental role in Wake Forest’s appearance on Wall Street over the summer. To read more, click here.

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