In March 2007, George and Susan Beischer pledged to match up to $1 million to support the Center for Banking and Finance, matching funds raised between July 1, 2007, and June 30, 2010. In light of the challenging economic times, the Beischers agreed during the spring of 2009 to extend the challenge period to June 30, 2011. If the challenge is fully met, the $2 million in endowment gifts will yield $100,000 in annual income to support the activities of the center.
A number of Law Alumni Foundation board members have assisted with the Beischer Challenge and many have made personal contributions or pledges. In the spring of 2008, the Moore & Van Allen law firm pledged $150,000 to endow the Moore & Van Allen Fund. In total, $289,768.80 has been received in gifts, pledges and planned gifts toward the $1 million goal.
Since the 2009 Banking Institute at the end of March, at least 10 formal proposals totaling $470,000 have been presented for consideration. New commitments of cash and pledges since March 2009 include:
- $25,000 from Jim Renger of Charlotte, N.C., to endow the James D. Renger Discretionary Fund for the Center for Banking and Finance
- $25,000 from the partners of Winston & Strawn's Charlotte office to endow the Winston & Strawn Fund for the Center for Banking and Finance
- $10,000 from an anonymous donor to the Center for Banking and Finance's general endowment in honor of her 25th Carolina Law reunion
- $10,000 from New Century Bank of Dunn, N.C., as part of the N.C. Community Bank Fund for the Center for Banking and Finance
"We are so thankful to the board members who have already expressed their support - either personally or through employer gifts," says Lissa Broome, Wachovia Professor of Banking Law and director of the Center for Banking and Finance. "The Beischer Challenge will provide our center with the opportunity to become a stronger part of the national banking and finance community."
The Beischer Challenge is managed by Brandon Wright, associate director of development, who notes that the support of the foundation board members has been critical in helping to elevate proposals through the decision-making channels at their banks and law firms. For more information, contact Wright at 919.962.6718 or firstname.lastname@example.org.
-September 25, 2009