The College of Business at New Mexico State University will soon have a better chance of recruiting and keeping high-quality professors thanks to a donation from local businessman Stan Fulton.
The gift of $1 million to create an endowed chair will be announced officially at 6 p.m. Thursday, Sept. 28, during the Business College’s Hall of Fame Dinner at the Hotel Encanto de Las Cruces, formerly the Las Cruces Hilton.
“Yet again, Stan Fulton’s generosity and willingness to invest in New Mexico State University gives us a chance to stay on our course to excellence,” said NMSU President Michael Martin.
Fulton owns Sunland Park Racetrack and Casino and has made several large donations to NMSU in the past few years.
“Stan Fulton is an outstanding businessman and friend of New Mexico State University,” said Garrey Carruthers, dean of the College of Business. Any of the college’s departments will be able to use the endowed chair.
“This particular gift will allow us to further strengthen faculty and programs in the College of Business,” said Martin.
Endowments are invested and the interest earned can be used to recruit special, hard-to-find faculty members from across the country and to retain prestigious faculty members already on staff.
“Fulton’s name will forever be linked to the endowed chair, and therefore always linked to a tradition of academic excellence at NMSU,” said Martin.