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Half million endowment for CSU Stanislaus

POSTED July 31, 2009 10:58 p.m.
Ron Foster, President and CEO of Foster Farms, has contributed $500,000 to California State University, Stanislaus to fund The Foster Farms Endowed Chair in Business Economics with an emphasis in econometrics.
The Foster Farms Endowed Chair in Business Economics will teach classes, conduct research, mentor students, and add expertise to the business and economics programs at CSU Stanislaus, benefiting both students and the community, said university spokesperson Kristin Olsen.
“I am grateful to Ron for his continued support of the university and for his enduring dedication in advancing the Central Valley,” said President Hamid Shirvani. “This endowment will greatly advance the economic growth and prosperity of the area.”
A national search to fill the endowed chair will be conducted by the College of Business Administration. Endowed chairs are given to distinguished teachers and scholars whose presence can attract faculty, students, and experts in their given field, Olsen said.
The chair holder, who will have expertise in econometrics, will engage in economic forecasting for the region and help business leaders, investors, and citizens make informed decisions based on a thorough understanding of the current economic environment. Research conducted by the endowed chair will also measure the fiscal impact CSU Stanislaus has on the Central Valley, Olsen said.
This is the third endowed chair at CSU Stanislaus, with the first granted in 2002 in agricultural studies and the second earlier this year in education.

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