Fairmount Minerals, Ltd. will advance the education of current and future business leaders in sustainability through two generous gifts, totaling $2.4 million, to the Weatherhead School of Management at Case Western Reserve University.
"The principals and managers at Fairmount Minerals have supported Weatherhead for more than 20 years. We are delighted that they have chosen to permanently associate their name with our school," said Mohan Reddy, dean of the management school. "Their generous gift will permit Weatherhead to add significantly to its work in social entrepreneurship and business sustainability."
The third largest producer of industrial sand in the United States, Fairmount Minerals advocates social responsibility through environmentally friendly policies. The company is under the direction of Charles D. Fowler, president and CEO. Fowler, a 1990 alumnus of Weatherhead's EMBA program, oversees the operations of the company, which includes more than 300 employees at its 19 facilities in 12 states and its Chardon, Ohio corporate headquarters.
"The Fairmount family continues to practice the '3 Ps' of sustainability—people, planet and prosperity—in our business and in our lives. We are convinced that business is the best agent for positive change in the world," said Fowler.
He added, "We have benefited from a long relationship with Weatherhead and share the values of appreciative inquiry and social responsibility. We feel that this is the right time for us to support Case Western Reserve University and Weatherhead."
Fairmount Minerals has the motto, "Do Good. Do Well," according to Fowler, adding that "together, we will make a difference in our world as we encourage others to do so."
A $2 million gift will endow the new Fairmount Minerals Chair in Social Entrepreneurship. Another gift of $400,000 will establish the Fairmount Minerals Seed Fund to support programs in the area of social responsibility and sustainable business at Weatherhead.
The new professorship and seed funds will enhance the goals and programs of the Center for Business as an Agent of World Benefit (BAWB) at Weatherhead. Through BAWB, Case has become an international leader in pioneering social entrepreneurship, corporate social responsibility and sustainable business. The chair will become the cornerstone of the BAWB program through an appointment of an eminent scholar in the field of social entrepreneurship who can bring together and mobilize other management leaders around the world to design global solutions and innovations through collaborations and initiatives.
Most recently, BAWB's initiatives with the United Nations Global Compact and an international conference in October at Case brought hundreds of business leaders to Cleveland and connected thousands of others through the Internet.
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