Goldman Sachs-Duet Family Technology Scholarship Fund Established at Marist

Major gift provides full, four-year scholarships to promising computer science/ITS students 

POUGHKEEPSIE (April 24, 2013)   Marist College has received a significant gift from Goldman Sachs Gives to fund full, four-year scholarships for three outstanding members of the Class of 2018 to study Computer Science or Information Technology and Systems.

The $336,000 gift from the global investment firm’s donor-advised fund was made at the recommendation of Don Duet ’88, Goldman Sachs global chief operating officer of the Technology Division.  It will be used to establish the Goldman Sachs-Duet Family Technology Scholarship Fund at Marist College.  In addition to scholarship funds, students will be mentored by Goldman Sachs technology executives and have opportunities for summer employment with the firm.

Don Duet

“Marist provided me with a top-quality education that has served me well in life and, in particular, my career,” Duet said. “This gift from Goldman Sachs Gives will give students from underrepresented groups who have financial need access to the same education and experiences that have served me so well.”

Duet continued, “From my vantage point at Goldman Sachs, I see an ever-greater need for graduates in STEM majors (science, technology, engineering, and mathematics) who have a deep understanding of these complex fields. My hope is that these scholarships will support just that kind of higher learning.”

In recent months, Duet has lectured at Marist’s Raymond A. Rich Institute for Leadership Development  on “Leadership in Technology” and addressed an overflow crowd of students on campus about the future of cloud computing.

“We are very grateful to Goldman Sachs Gives and to Don for this gift and for his involvement with Marist,” said College President Dennis Murray.  “Marist places great importance on preparing students with the professional and leadership skills needed to succeed personally and professionally.”

Murray went on to state, “This gift will open a world of educational opportunities to students who would not otherwise be able to afford a Marist education, and by increasing the diversity of our student body, it will make Marist a better institution.”

In its structure and mission, the Goldman Sachs-Duet Family Technology Scholarship Fund will be closely aligned with Marist’s current National Science Foundation-funded technology scholarships. The NSF program brought a diverse and talented cohort of 12 students from eight states to Marist in 2010 and provides them with full, four-year scholarships.  In addition, these students, now in their junior year, benefit from an extensive support network of advisors and mentors and access to internship opportunities with many of the College’s Fortune 500 corporate partners.

Marist is a long-time higher education leader in using technology to support teaching, learning, scholarship, and institutional effectiveness.  The College’s advanced technology infrastructure is at the level of sophistication of those typically found only at advanced research institutions.  In January, Marist received a $3 million state grant to establish the New York State Cloud Computing and Analytics Center.

About Marist College                                                                                                                                           

Located on the river in the historic Hudson River Valley and at its Florence, Italy branch campus, Marist College is a comprehensive, independent institution grounded in the liberal arts.  Its mission is to “help students develop the intellect, character, and skills required for enlightened, ethical, and productive lives in the global community of the 21st century.”  Marist is consistently recognized for excellence by U.S. News & World Report (8th Best Regional University), The Princeton Review (“The Best 377 Colleges”), Kiplinger’s Personal Finance (“Best value”), and others.  Though now independent, Marist remains committed to the ideals handed down from its founders, the Marist Brothers: excellence in education, a sense of community, and a commitment to service.  Marist educates 4,500 traditional-age undergraduate students and over 1,400 adult and graduate students in 44 undergraduate majors and 12 graduate programs, including fully online MBA, MPA, MS, and MA degrees.

About Goldman Sachs Gives                                                                                                                         

Goldman Sachs Gives is a donor-advised fund through which Goldman Sachs and its senior employees can recommend grants to qualified non-profit organizations globally. Established in 2007, Goldman Sachs Gives supports charities in communities around the world with a focus on benefiting underserved populations. Its grants support programs that build and stabilize communities, increase educational opportunities, honor service and veterans, and create jobs and economic growth.