URI business alumni push Ballentine campaign
to $5.4 million -- 96 percent of goal
KINGSTON, R.I. -- Nov. 17, 2000 -- The University of Rhode Island announced
today that $5.4 million or 96 percent of the $5.6 million private Shareholders
Campaign goal has been raised to expand and completely rebuild the 33-year-old
The total raised also includes a $500,000 Challenge Grant from The Kresge
Foundation. The total cost of the project is $10.6 million, with the remaining
$5 million coming from two Rhode Island bond issues and URI asset protection
It was the support of the college's alumni, and specifically its Business
Advisory Council that in large part provided the foundation for such a successful
private fund-raising campaign.
Richard J. "Dick" Harrington, the chairman of the Ballentine
Shareholders Campaign, has been a major contributor to the effort. In praising
the support of the alumni, Harrington also acknowledged Dean Edward M. Mazze,
the Alfred J. Verrechia-Hasbro Inc. Leadership Chair in Business; the former
interim dean, Frank Budnick; and former development officers Karen Davis
and Cameron Jones for their roles in the project.
"The support of our alumni has been outstanding since we began talking
about how we can make the College of Business the standard for excellence.
Since we launched the public phase of the campaign in 1997, they have consistently
supported this project, and the donations are still coming in," Harrington
"URI provided me with a challenging and exciting educational experience,"
said the 1973 graduate of the College of Business Administration. "This
entire drive has been about providing our future business leaders with the
tools they need to compete in the business world of tomorrow. This fund-raising
success and groundbreaking ceremony are strong evidence of how much our
alumni care about the success of URI and especially its students,"
Cynthia Marcille Deysher, a 1978 graduate of the College of Business
Administration, and former vice president of operations and chief financial
officer at ArrowPoint Communications, said she made a recent $250,000 donation
to honor her family's deep connection to URI.
"URI and the College of Business have been extremely important to
my family for many years," said Deysher, who is now with Cisco Systems,
which bought ArrowPoint in June. "My father, Robert Marcille, was a
graduate of the engineering college in 1949. Five of the eight children
in my family have attended URI, three of them graduating from the college
of business. The business college and its professors supported me during
my undergraduate years and laid the foundation for my career. I am extremely
gratified to be able to acknowledge URI's contributions through a gift in
the name of the Marcille family."
Robert M. Beagle, vice president of University Advancement at URI, praised
Harrington, Deysher and other alumni such as Alfred J. "Al" Verrecchia,
who together with, Hasbro Inc., supported the campaign and endowed the first
chair in the College.
"This kind of support is nothing new for individuals like these,"
Beagle said. "These individuals have been long time supporters of URI.
When they were asked to step to the plate in this campaign, I wasn't surprised
by their positive response and overwhelming support. As top executives in
their fields, they are constantly on the go, but never too busy to visit
with students, talk with business leaders or play critical roles in their
alma mater's fund-raising efforts. This is a proud day for all of us."
Beagle also praised his fund-raising team -- Paul Witham, associate vice
president for development; Wade Wilks, director of the Shareholders Campaign,
and Lynn Clapham, director of major gifts for doing the nitty-gritty
work of the campaign.
"We have a number of fund-raising and renovation projects under
way, and it is a credit to all our people -- staff, faculty and alumni --
that we are approaching our fund-raising goals in every single project,"
For Information: Linda A. Acciardo 401-874-2116,
Dave Lavallee 401-874-2116