Duquesne University has received $1.5 million from John F. and Rhodora Donahue and family to endow a chair in Investment Management in its Graduate School of Business.
Donahue is the co-founder and chairman of Pittsburgh-based Federated Investors, one of the nation’s largest investment management firms. Duquesne University’s John F. Donahue Graduate School of Business was named in honor of Mr. Donahue in 1999.
“Jack Donahue and Federated Investors have long been recognized for their leadership and innovation,” said Dr. Charles J. Dougherty, Duquesne University president. “The establishment of the Donahue Family Chair will allow our business schools to attract and retain a faculty expert in the field who will elevate our outstanding investment management programs to new levels of academic excellence. Both our students and the companies that employ them will benefit from this generous endowment.”
Eleven members of the Donahue family have attended Duquesne University. All of the Donahue children and the family’s foundation contributed to the endowment of the new chair. Donahue is an emeritus member of Duquesne’s board of directors, and his son Thomas (Federated’s chief financial officer) is a current board member.
Duquesne’s A.J. Palumbo School of Business Administration and John F. Donahue Graduate School of Business are among an elite 15 percent of business schools worldwide that meet the rigorous academic standards necessary to earn accreditation from the Association to Advance Collegiate Schools of Business (AACSB). The schools’ longstanding commitment to teaching ethical leadership further distinguishes them from other programs. Additionally, Duquesne’s proximity to the commercial hub of downtown Pittsburgh provides students with a competitive edge due to the many opportunities to gain professional experience through internships with local corporations. A national search is underway to recruit the inaugural chair holder.