UCM Alumi Donate $.5 Million to University
Unrestricted Donation Allows University to Spend Freely
Courtney Hudson: Muleskinner
Issue date: 11/1/07 Section: News
- Page 1 of 1
UCM alumni often give donations to the University. Recently, the late William and June Koier, left the University $513,340 through an estate gift.
Koier graduated cum laude from the University in 1942 with a degree in social studies and economics. While attending UCM, Koier was a member of Phi Sigma Pi.
After graduating, Koier went to Washington, D.C., where he worked for the war department now the Department of Defense and, later, the White House. According to a UCM press release, Koier went on to create Haven Construction Company. In addition to Haven Construction Company, Koier was also a founding director of Eagle Bancorp and a former director of Allegiance Banc Corporation and Central National Bank of Maryland.
The donation was warmly welcomed by University President Aaron Podolefsky.
"The donation is very significant, and it can help the University do a lot of good things," Podolefsky said.
Larry Cowan, vice president for university advancement and executive director of the UCM foundation said The Koier's generosity is a reflection of the University itself. Alumni care about UCM and want to continue to make it a great university.
"Congratulations are in order to the various faculty and staff who had such a positive impact on Mr. Koier," Cowan said.
The estate gift was unrestricted, which means the University can put the gift toward any aspect of the University they see fit.
"It sends a great message to everyone that the University will use the gift wisely," Cowan said.
Gifts received from alumni are always important because they help the University continue to grow and become better.
"These gifts are a critically important part of this University's betterment," Podolefsky said.
Many gifts are received by the University throughout the year, and a lot of them are due to the relationships built with students and faculty when they are attending.
"It is important to build good relationships with our friends and alumni," Cowan said.
Discussions about how the gift will be used are still in progress. Cowan explains that the President, along with the UCM foundation will weigh options and determine what the best possible use for this gift will be. In the future, there may be a dedication at the University for the Koiers.
"We really want to celebrate what the Koiers have done for the University through this gift," Cowan said.
Koier graduated cum laude from the University in 1942 with a degree in social studies and economics. While attending UCM, Koier was a member of Phi Sigma Pi.
After graduating, Koier went to Washington, D.C., where he worked for the war department now the Department of Defense and, later, the White House. According to a UCM press release, Koier went on to create Haven Construction Company. In addition to Haven Construction Company, Koier was also a founding director of Eagle Bancorp and a former director of Allegiance Banc Corporation and Central National Bank of Maryland.
The donation was warmly welcomed by University President Aaron Podolefsky.
"The donation is very significant, and it can help the University do a lot of good things," Podolefsky said.
Larry Cowan, vice president for university advancement and executive director of the UCM foundation said The Koier's generosity is a reflection of the University itself. Alumni care about UCM and want to continue to make it a great university.
"Congratulations are in order to the various faculty and staff who had such a positive impact on Mr. Koier," Cowan said.
The estate gift was unrestricted, which means the University can put the gift toward any aspect of the University they see fit.
"It sends a great message to everyone that the University will use the gift wisely," Cowan said.
Gifts received from alumni are always important because they help the University continue to grow and become better.
"These gifts are a critically important part of this University's betterment," Podolefsky said.
Many gifts are received by the University throughout the year, and a lot of them are due to the relationships built with students and faculty when they are attending.
"It is important to build good relationships with our friends and alumni," Cowan said.
Discussions about how the gift will be used are still in progress. Cowan explains that the President, along with the UCM foundation will weigh options and determine what the best possible use for this gift will be. In the future, there may be a dedication at the University for the Koiers.
"We really want to celebrate what the Koiers have done for the University through this gift," Cowan said.
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