Schools eye corporate partnerships – PBN.com – Providence Business News
As part of their never-ending efforts to forge relationships with likely donors, colleges and universities actively seek donations from targeted businesses, but a $1 million gift spread out over 10 years remains a rare prize in the field of corporate donations.
Alex and Ani Inc., based in Cranston, named one of the nation’s fastest-growing companies in 2011 by Inc. Magazine, announced late last month that it is giving $1 million – $100,000 in each of the next 10 years – to Bryant University in Smithfield to support the school’s well-recognized international-studies program.
“Bryant offers local, unparalleled expertise for any serious business to access and leverage in its international efforts,” said Giovanni Feroce, CEO of Alex and Ani, known for its expandable bangles, earrings and necklaces, made in America. “As we try to develop our markets, [Bryant] is going to be a major asset to us.”
At Bryant, James Damron, vice president of university advancement, heads a full-time staff of eight employees, including development officers whose job it is to solicit donations from individuals and corporations, with the majority coming from Bryant alumni. The Alex and Ani gift was unsolicited.
“The focus at Bryant is on [donations from] individuals, that’s where most of the potential is,” Damron said.
At Brown University, individual rather than corporate gifts also make up “the lion’s share” of donations, according to William Layton, executive director of corporate and foundation relations for the Ivy League school. A separate office for university advancement handles individual gifts.
Strange Random Donations Quote:
I am only one, but still I am one. I cannot do everything, but still I can do something; and because I cannot do everything, I will not refuse to do something I can do. – Edward Everett Hale (American Author, Clergyman)
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Posted on January 14, 2012, in Article and tagged Ani, Brown University, Bryant University, Corporation, Donation, PBN.com - Providence Business News, Smithfield, United States. Bookmark the permalink. Leave a comment.