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About Oregon daily emerald. (Eugene, Or.) 1920-2012 | View Entire Issue (May 13, 1994)
DONATION Continued (rom Page 1A 1940s. 1950s or 1960s." I.undquisi said. I.undquisi had previously giv en $1 million in 1989 to ornate the (diaries II t.undquist ('enter for Business Development The i enter was created to foster entre preneurship in the Northwest It was implied that this earlier gift was somew hat of a test for the i Jniversity, one whu h the Uni versity passed But t.undquist said he dill not plan the larger gift at the time If I was told five years ago that I would increase mv initial donation by tenfold.” Lundquist said. I would have asked you how And then 1 would have thought you were smoking something." The .S10 million I.undquisi Kndowment w ill lie held bv and invested through the University of Oregon Foundation, an inde pendent corporation organized to solicit and manage gifts for the University. As an endowment, the money will he invested, and the Uni versity will receive interns! from the fund. The amount of interest will he matched by the state of Oregon. These earnings will lie used to support professorships for busi ness faculty members who are dedicated to entrepreneurship. The oamings also will support distinguished visiting professors and will create a summer intern ship program. Some of the money will be used to develop courses on busi ness ethics and social con sciousness. " This major gift gives the Uni versity an opportunity to shine as a national leader in entrepre neurship and business develop ment." saiil James Reinmutn. Love of business leads alumnus to success in life By Jim Davis Ovyun C\»a> Cn frws enterprise always has lieen near and dear to thn heart of Charles H. Lundquist. the Oregon alumnus who was announced Thursday to have contributed the largest private gift m the his lory of the UniversiU "I always enjoyed business," Lundquist said. As a child, 1 .sold lemonade Of < ourse, I never made enough money to pay for the lemons ' Success did not prove elusive for long to the Portland native His parents, both teachers, put l.undquist through the Univer sity. where he excelled ns an accounting major After graduating with a list of honors, l.undquist scored s<>< ond in the nation on the 19-12 certified public accoui 'ant exam ination In 1946. he received a master's In business administration with distinction from Harvard. l.undquist went on to become an entrepreneur at the age of 29. Private industry never held the same challenges that own ing your own business presented, ' l.undquist said In the next "iO years, Lundquist acquired and profited from numerous businesses, including a china manufacturing com pany, an investment group that funded aerospace subcontract ing. commercial real estate and manufacturing ventures. Currently, he serves as chairman of the board for Continen tal Development Corporation, a major developer of office build ings and industrial porks in California. Despite all of this success, Lundquist was talking Thursday about nis less auspicious days at Oregon. "The time I spent in Portland and at the University of Ore gon was enjoyable, and I came away with a lot," Lundquist said, "and now it's time to give some of it back." Lundquist is giving it back $10 million of it And he has two bits of advice for current students at the University "First, love what you do. Second, balance your life " currant dean of the College of Business Administration. The gift is the third multimil lion dollar the University has received this year. More than $2 million was given anonymous ly to the athletic department in February. Alec Keith, a pharma ceutical executive, donated SH.7 million Inst month. The University has received « total of more than $:tl million, the most ever received in one year The gift is part of Thu Oregon Campaign, a five-year effort to raise more than $120 million It is the largest fund-raising cam paign ever in the state of Oro gon Tennis & Racquetball Restring Specials Tournament Nylon SCSOO R«% S1S00 Synthetic Gut 5 ^^95 K<h> $20.(X) COURTSIDE TENNIS & APPAREL 1122 West 7III • 342-7208 Open 7 days a week STUDIO SALE To celebrate the Grand Opening of our new store r > at 32nd & Hawthorne in Portland * FULL SIZE FRAME It FUTON ^ > < a ^ Now Only rock sorr FUTON 1231 AIDER ST. 6865069 MOCK SOFT FUTON Cash For Textbooks Mon.-Sat. Smith Family Bookstore 768 E. 13th 1 Block From Campus 345-1651 Stable Funding I Long-Term Solutions Oregon School Employees Association IX'nxxrai (i»r Stale Representative DISTRICT 40 E Two great reasons. Two great tickers. W think it’s a great conibinatkin. .last tell us yt >ur tvvt i liest raise ins tt i buy a Maeintt ish, and y< iu c< mid win lots of great prizes, including taw tickets toNeiv York City! Stcip by the Microcomputer Support Center tti pick up entry ft >mis and complete contest informatkin. rhis contest aids May 20, so you'd better think fast. Microcomputer Support Center 202 Computing (enter • 3o6-h02 Momiay-Fiiday 9:00 \.m.-S:(X)p.m. 0199s! Apfilcjf.< jH'iputiT, ifX \pf»u t Applet
