Alumni donations help fund new College of Business building
Feb 22, 2008
Two University of Toledo alumni have donated a total of $250,000 to help fund construction of the College of Business Administration’s new addition, the Savage & Associates Complex for Business Learning and Engagement.
William Carroll, a 1969 UT graduate, and his wife, Cathy, have donated $100,000 and will be honored with the William and Cathy Carroll Classroom, a 45-seat, high-tech classroom in the new building.
Meanwhile, Patrick McAlear and his wife, Marilyn, have donated $150,000 and will have the glass bridge connecting Stranahan to the new complex named in their honor; it will be called the Marilyn & Patrick McAlear Glass Bridge. Mr. McAlear is a 1959 UT graduate.
“Patrick and Marilyn McAlear and William and Cathy Carroll have both taken leadership roles with their gifts that will make the College of Business a stronger institution,” said Dr. Thomas Gutteridge, dean of the college.
“As alumni, both Patrick and William have experienced the value of a UT degree and their willingness to give back I think says as much about UT as it does about their generosity.”
The new building, named after the Toledo financial services firm, Savage & Associates, will extend north from Stranahan Hall up the hill between Gillham Hall and Ritter Planetarium. The 54,000-square-foot facility will house high-tech classrooms, action learning laboratories and the college’s academic programs.
The structure also will be home to many of the college’s centers of community, regional and global business outreach.