Tuesday, Jan. 17, 2006
RICHMOND, Va. (Jan. 17, 2006) – The combined campaigns of the Virginia
Commonwealth University schools of Business and Engineering have
received a $2.2 million donation from Philip Morris USA.
In addition to the cash donation of $1 million to each school, Philip
Morris USA also donated nearly $225,000 in equipment to the VCU School
of Engineering that will afford undergraduate students the opportunity
for hands-on experience with advanced design and prototyping equipment.
“This donation from Philip Morris USA enhances VCU’s continued
commitment to provide our business community with competitive and
motivated engineers and business executives who have great technical
skills, an appreciation for the value of research and development and a
good understanding of business and marketing,” said VCU President Eugene
"This partnership is consistent with Philip Morris USA’s
focus on education, particularly workforce development and economic
revitalization of downtown Richmond," said Michael E. Szymanczyk,
chairman and CEO, Philip Morris USA. "We value VCU's collaborative
approach to preparing a highly qualified workforce and its contributions
to the economic transformation of our city - a commitment shared by
Philip Morris USA through our investment in the new Center for Research
The VCU Schools of Business and Engineering will be major components of
VCU’s new Monroe Park Campus Addition, where a new building is being
erected for the business school, and a second phase of the engineering
school is being built. The new facilities will allow the schools to add
about 2,000 students.
The 130,000 square-foot School of Business will include a trading room,
tiered case-study classrooms, team building rooms, an auditorium, a
career center, a corporate education center, faculty offices and a café.
The 115,000 square-foot School of Engineering expansion will include
state-of-the-art lecture halls, more than 60 research and teaching labs,
student meeting and study spaces, classrooms and faculty offices.
"The School of Engineering is most fortunate to have such
a long-standing relationship with Philip Morris USA,” said Robert
Mattauch, dean of the VCU School of Engineering. “As one of the top
employers of our graduates, Philip Morris has a tremendous presence in
our school and impacts the lives of our students, faculty, and alumni in
very tangible ways. This most recent gift is truly extraordinary and
will help ensure our continued success."
Michael Sesnowitz, dean of the VCU School of Business,
said the donation “will help us achieve our vision
of becoming nationally
recognized as the leading technologically focused business school that
“This gift will help the state-of-the-art facility to create a greater
sense of community among students, faculty, alumni and business
leaders,” he said.
$228 million, two-phased project to build the Monroe Park Campus
Addition east of Belvidere between Main and Canal streets will include
the new School of Business, the second phase of the School of
Engineering, two residential colleges, a renovation of the historic
Central Belting building for Virginia Commonwealth University’s No.
1-ranked graduate program in advertising, an executive conference center
and an underground parking garage for 800 vehicles.
About VCU and VCU Medical Center
Virginia Commonwealth University is a major, urban public research university with national and international rankings in sponsored research. Located in downtown Richmond, VCU enrolls more than 31,000 students in 226 degree and certificate programs in the arts, sciences and humanities. Sixty-seven of the programs are unique in Virginia, many of them crossing the disciplines of VCU’s 13 schools and one college. MCV Hospitals and the health sciences schools of Virginia Commonwealth University comprise VCU Medical Center, one of the nation’s leading academic medical centers. For more, see www.vcu.edu.