Poly, San Luis Obispo -- April 13, 2001
Cal Poly's Orfalea College of Business To
be Named to Recognize $15 Million Gift
Cal Poly on April 20 will dedicate its College of Business as the Orfalea
College of Business -- the university's first named college -- in recognition
of a $15 million gift from Kinko's founder Paul Orfalea that was announced
"It is my privilege to be able to thank Paul Orfalea for a gift
that will enable our business school to improve its programs and engage
students in the advancement of knowledge," Cal Poly President Warren
Baker said. "By naming our business program in honor of Paul's
parents, we hope we are fully expressing our appreciation for the gift
and our excitement over the possibilities it creates."
"The Orfalea gift will transform the College of Business as it
faces the challenges of higher education in the 21st century,"
said Dean of Business Bill Pendergast. "At a time of the impending
retirement of many faculty members, the college will need to attract
many young, new professors who face a higher cost of living in San Luis
Obispo than in most of the rest of the country, and the Orfalea gift
will enable us to offer greater incentives to those potential new faculty
"The College will also use the gift to provide scholarships to
augment the diversity and quality of the student body and fellowships
for faculty members to renew their knowledge and skills," Pendergast
said. "Distinguished executives will visit campus to provide an
experienced, practical dimension to classes. The college will support
hands-on student experiences such as participation in international
competitions and business plan contests.
"International partnerships with business schools around the world
will provide a foundation for globalization of the educational experience,"
Pendergast added. "The gift also provides matching funds to attract
outstanding faculty members to endowed chairs."
The gift will establish the Orfalea Family Endowment for Excellence,
with a focus on the college's strategic initiatives in entrepreneurship,
globalization and technology through scholarships, faculty development
and program enhancements. The contribution also includes a $5 million
challenge gift to leverage additional private support for the college
and the establishment of endowed professorships in critical areas.
The $15 million contribution is the largest individual gift of cash
or securities ever made to one of the California State University system's