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
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