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EDUCATION INDUSTRY NEWS
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Wells Fargo donates $500,000 to UCI’s Paul Merage School of Business

The pledge comes as part of the college's campaign to raise funds for its new Living Building.

By Caitlin AdamsPublished: May 22, 2011 12:55 PM

Wells Fargo has pledged $500,000 in support of UC Irvine’s Paul Merage School of Business' Living Building campaign to construct a new facility within the college. To recognize the contribution, the school plans to name an anchor display in honor of Wells Fargo in the new building once it is completed.

The bank is proud to be a part of the Merage School's future, said Rob Myers, regional vice president for Wells Fargo Orange County.

“Wells Fargo believes that education is the cornerstone of success, and investing in our future business leaders is the responsibility of organizations and communities alike,” Myers said.

The first new facility added to the Merage School since 1989, the Living Building will be designed to reflect the institution’s emphasis on innovation and outreach to the business community. It will feature museum-style exhibits and video displays showcasing the unique success stories of the school's benefactors and contributors, with periodical updates reflecting the progress and innovations of the building’s supporters.

“We are delighted that the Wells Fargo Foundation believes so strongly in the Merage School,” said Andy Policano, dean of the Merage School. "We are honored to have worked closely with John Evans, who is a UC Irvine Foundation Trustee and member of our Dean’s Advisory Board, and Merage School alumnus Jack Toan, both of whom play key roles at Wells Fargo and who were instrumental in securing this donation.”

The 85,000-square-foot building will boast a number of amenities for students and educators, including a 300-seat auditorium, high-tech classrooms, a laptop computer lab, a career resource library, conference and group study facilities, colloquia and interview rooms, food service spaces and a multi-use reception area.

“Due to our innovative curriculum, executive programs, and research conducted and presented by the Merage School and its highly regarded faculty, we are expanding at an accelerated rate. We are outgrowing our existing facility and significant added space will be vital,” said Policano. “Thanks to the outstanding generosity of Wells Fargo and our other generous donors, and the continued support of our vibrant business community, the expansion of our school will become a reality.”

Along with other gifts to the school from Thomas Antunex, Experian, Ed Fuller, Darcy Kopcho and PAAMCO, funding for the new building has now reached $2 million. Officials plan to break ground in 2014.

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