A Historic Gift
A bequest by one of the 20th century's leading businessmen and industrialists, conservatively estimated at $75 million, has led to the creation of a national center of excellence that greatly advances Marist College's mission to prepare leaders for the 21st century. During the Campaign for Marist, Raymond A. Rich bequeathed to the College a 60-acre riverfront estate in nearby Esopus, New York, that contains one of the most historically and architecturally significant homes in the Hudson River Valley. The Col. Oliver Hazard Payne Mansion, a 42,000-square-foot Beaux Arts-style palazzo built in 1905 and designed by the famed Manhattan firm of Carrère and Hastings, architects of the New York Public Library and the Frick Museum, is now home to Marist College's Raymond A. Rich Institute for Leadership Development.
Mr. Rich's gift included $10 million for a supporting endowment. While the Payne Mansion is a cornerstone site for this exciting new initiative, the Rich Institute's activities extend to every Marist educational venue, including around the world to its branch campus in Florence, Italy, and online with the College's innovative use of technology. The new program is educating and training individuals in the art of leadership for careers in business, government, and the nonprofit sector, with a focus on developing the communication, interpersonal, and social skills necessary to lead complex organizations in a global setting, with an emphasis on the values and integrity common to successful leaders.