Economics Alumnus Donates $5 Million to Fordham University

E. Gerald Corrigan, Ph.D. (GSAS ’65, ’71), has made a $5 million gift to Fordham University, funding critical initiatives at both Fordham College at Rose Hill and the Graduate School of Business Administration (GBA). The gift will create an endowed professorship, the Corrigan Chair in International Business and Finance, at GBA, and will further endow the existing E. Gerald Corrigan Endowed Scholarship Fund.

E. Gerald Corrigan, Ph.D., GSAS ’65, ’71 Photo by Peter Freed

“This gift is especially meaningful given Dr. Corrigan’s world class reputation, his distinguished career, and his many accomplishments,” said Howard P. Tuckman, Ph.D., dean of Fordham’s Graduate School of Business Administration. “We are thrilled that his generosity will help the Fordham business schools achieve their joint goal of having a world-recognized finance and economics program and providing an outstanding education for their students.”

John N. Tognino (FCLS ’75), chairman of the Fordham University Board of Trustees, announced the gift at the Sixth Annual Fordham Founder’s Award Dinner, held at the Waldorf=Astoria in Manhattan on March 26. Because Corrigan was traveling in Russia on the evening of the Fordham Founder’s Award Dinner, his daughter, Karen Corrigan, accepted the University’s thanks on his behalf.

Howard P. Tuckman, Ph.D., Dean Graduate School of Business Administration Photo by Michael Crouser

The Corrigan chair will add to Fordham’s reputation as a global business center, with a focus on global economic and business research and policy. Working with Fordham’s partners in China, Spain, Belgium and Ireland, the chair will allow students to benefit from the experience of problem-solving in the areas of global entrepreneurship, business and government policy and consulting strategy. Corrigan’s gift will also further endow the E. Gerald Corrigan Endowed Scholarship Fund, which has provided significant scholarship support to minority students for nearly a decade. With this gift, the fund will now also support academic research assistantships at Fordham College at Rose Hill.

Corrigan received his master’s and doctoral degrees in economics from Fordham’s Graduate School of Arts and Sciences. He is a former president of the Federal Reserve Bank of New York, and has been a managing director of Goldman Sachs since 1994. Corrigan has served on the Fordham University Board of Trustees, and has been a mentor and educator to Fordham students.