Get the latest delivered to your inbox
Privacy Policy

Now Reading

Key Grants $50,000 to Miami University Richard T. Farmer School of Business; Curriculum Enhancements and Diversity Endeavors to Set School Apart

Key Grants $50,000 to Miami University Richard T. Farmer School of Business; Curriculum Enhancements and Diversity Endeavors to Set School Apart

Published 12-01-05

Submitted by KeyBank

CLEVELAND - In its endeavors to advance the Richard T. Farmer School of Business from a top 50 to a top 25 school, Miami University today received a $50,000 Key Foundation grant supporting the launch of a derivative security class in the Department of Finance.

Under the grant, Miami University will integrate derivative securities into its core Finance curriculum by purchasing software licenses for teaching, testing and providing feedback on the category as well as funding additional Bloomberg terminals to allow for real-time data introduction. The new course provides students with basic knowledge of derivative securities and mathematical operations as well as integrating real-time individual applications and case reporting.

"We're honored to have the support of Key Foundation," said Jayne Whitehead, vice president for university advancement. "Their generous contribution to benefit the Miami University Campaign For Love and Honor will help Miami and the Richard T. Farmer School of Business realize its goals."

In tadem with enhancing the Department of Finance's curriculum, Roger L. Jenkins, Ph.D. and dean of the school of business, is intensifying efforts to cultivate a more diverse student population essential for classroom experiences relevant to the multicultural workforce in today's global economy. As part of its recruitment efforts, the school will target all major Ohio cities and select out-of-state cities with high minority populations, including Chicago, Indianapolis, St. Louis, Washington DC, Kansas City, and Louisville.

"Taking our academic programs and recruitment initiatives to the next level, says Dr. Jenkins, "requires an extraordinary commitment to providing classroom experiences and skills development training valued by today's students and their prospective employers. Support from businesses like Key, where financial expertise and diversity are imperative to success, ensure our continued leadership in our efforts help businesses sustain a well-educated, highly skilled and inclusive workforce."

The Key Foundation's donation to the Miami University Richard T. Farmer School of Business reflects KeyCorp's (NYSE: KEY) growing work with institutions of higher learning to provide students access to leading-edge technologies and more real-to-life learning experiences.

Other market-savvy financial education environments funded by KeyBank and the Key Foundation include the KeyBank Trading Center established at Cedarville University earlier this month. Key modeled its support of Cedarville after its 2002 collaboration with Kent State University in the funding and development of the Financial Markets Trading Floor within Kent State's College of Business Administration and Graduate School of Management to further emphasize application of mathematical models to risk management problems.

In 2003, Key tapped Kent State and hired four of the first 11 graduates from the school's Master of Science in Financial Engineering program when the company's Interest Rate Risk Management Group needed employees with the education and experience to step into their jobs and get up to speed quickly.

Involvement in higher education programs like these date back to the Key's decision in 2001 to adopt a more clearly defined corporate giving focus - one that aligns philanthropic investments with business interests - by helping people and communities achieve economic self-sufficiency through financial education and workforce initiatives.

Earlier this year, Key joined DiversityInc magazine's pre-eminent list of the 2005 50 Top Companies for Diversity, debuting 13th overall and 2nd among financial services institutions, based on excellence in diversity advocacy and management; CEO support; human capital; marketing and communications; and supplier diversity.

The Richard T. Farmer School of Business at Miami University
The Richard T. Farmer School of Business is ranked by U.S. News and World Report as one of the top undergraduate business schools in the country. Fully accredited by the AACSB, the International Association for Management Education, the program builds on the sound liberal education at Miami University and provides students with a broad background in all business disciplines. The business school offers 11 majors and 12 minors housed in six academic departments, offering a solid background for its business students. The school's namesake, Richard T. Farmer, received his Bachelor of Arts in marketing from Miami University and is the chairman of the board and founder of CINTAS Corporation.

KeyCorp
Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $92 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. Contact Key Foundation Senior Program Officer Quentin McCorvey at 216.689.5505, or Quentin_mccorvey@keybank.com, for more information about corporate grants. Visit the KeyCorp page on Corporate Social Responsibility Wire at http://www.csrwire.com/csr/company.mpl?company=993 for a compilation of news releases about the company relative to philanthropic investment, diversity, community development, corporate governance, environment, business ethics, human rights, and workplace issues.

# # #

Note to Editors: For up-to-date company information, media contacts and facts and figures about Key lines of business, visit our Media Newsroom at Key.com/newsroom.

KeyBank logo

KeyBank

KeyBank

KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $176.2 billion at March 31, 2021. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,100 branches and more than 1,400 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC. 

More from KeyBank

Join today and get the latest delivered to your inbox