February 04, 2009

Local Couple Donates $7.5 Million to Weatherhead School of Management

Fund will provide support for Social Entrepreneurship and Sustainable Business

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Case Western Reserve University is pleased to announce a $7.5 million commitment from Fairmount Minerals President and CEO, Charles D. Fowler '90 and his wife, Charlotte, to support Sustainable Enterprise initiatives at the Weatherhead School of Management. This gift will add significantly to the university's ongoing efforts in Sustainable Business and Social Entrepreneurship. Mr. Fowler is a graduate of the Weatherhead Executive MBA program and a member of Case's Board of Trustees.

"We are deeply grateful to Char and Chuck Fowler for this gift," President Barbara R. Snyder said. "It will make a measurable impact on Weatherhead's ability to advance knowledge and understanding regarding these ideas, which in turn will positively impact practices around the world."

The Char and Chuck Fowler Fund will champion the following specific objectives—the establishment of a chaired professorship in Sustainable Enterprise, support for research and the creation of teaching material, and the operation of The Fowler Center for Sustainable Enterprise.

"Social Entrepreneurship and Sustainable Business are the lasting and most effective means of improving lives around the world and reducing poverty," said Mr. Fowler. "We need a collaborative effort from business and business schools to make this happen, and it is my belief that Weatherhead is positioned perfectly to serve as a catalyst in that partnership."

Mr. Fowler has long championed the importance of Social Entrepreneurship and Sustainable Business in his professional activities. In 2007, he delivered the Weatherhead commencement address during which he focused on the capability of businesses "doing well by doing good." His company, Fairmount Minerals, is the third largest industrial sand producer in the United States with 25 facilities in 15 states. It has been recognized as a leader of Corporate Social Responsibility by the American Chamber of Commerce. According to Mr. Fowler's business plan, it's easy to see why.

"We follow the 3Ps—people, planet, and prosperity," he said. "Some call it the triple bottom line. Every decision is made with the 3Ps in mind and all 3Ps must be satisfied."

Fairmount Minerals, in 2006, endowed a chair in Social Entrepreneurship at Weatherhead, currently held by Professor David Cooperrider, creator of Appreciative Inquiry, a large-group methodology created through research at Weatherhead and used to accelerate change within business. The company has also been a past sponsor of the Business as an Agent of World Benefit Global Forum which brings hundreds of participants to Cleveland to identify and leverage new solutions with the potential to make a positive impact on societal change.

"There is a desperate need across the board for teaching materials that focus on Sustainability and Social Entrepreneurship," said Mohan Reddy, dean of the Weatherhead School of Management. "We at Weatherhead pride ourselves on being one of select group of schools to launch a curriculum centered on these themes. Mr. and Mrs. Fowler's generosity and insight on these critical issues will help us propel our learning to the next level and spur continue progress. We really could not have done this without their tireless support."

For more information contact Jason Tirotta, 216.368.6890.

Posted by: Kimyette Finley, February 4, 2009 02:49 PM | News Topics: Alumni, Campus Life, Trustees, Weatherhead School of Management, news

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