Loyola University Maryland's accounting department receives $1M gift

Loyola University Maryland's accounting department has received a $1 million gift from alumnus Patrick Allender and his wife Deborah, the university announced.

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The gift will help establish an endowed chair in accounting at the university, boost the school's undergraduate and graduate accounting programs, and support its master’s program in accounting.

“The Allenders’ gift will elevate the [accounting] program further and help us continue to attract talented students,” stated Kathleen Getz, dean of the Sellinger School of Business and Management. “On behalf of our faculty and students, I extend our deepest gratitude to Patrick and Deborah for their generous support and for their belief in Loyola.”

Jalal Soroosh, professor of accounting at Loyola, will serve as the inaugural Patrick and Deborah Allender Endowed Department Chair.

“I’m very happy to make this gift, and I know it will be put to good use,” Allender said in a statement. “My wife Debbie and I want to see the master’s in accounting program reach even greater success in the years ahead.”

Allender previously served as the executive vice president, CFO and secretary of Danaher Corporation before retiring in 2007.

For more information, head to Loyola's site here.

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