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“This extremely generous gift presents Marist with a
variety of wonderful opportunities to enhance leadership
development across the nation and around the world.”
—President Dennis J. Murray
thoughtfulness must be inherent in leadership
training as primary elements. Marist College
has ethics and philosophy as required courses
in its curriculum. Not many colleges do.”
Rich was an avid reader of business news,
Carlson says, which “in recent years has high-
lighted how lacking our leaders are in these
endeavors, be they government, corporate, or
nonproft. He realized how dedicated Dennis
Murray has been to making Marist College,
over the past 30 years, a cornerstone in today’s
world with its emphasis on morality, oppor-
tunities for first-generation students, and
razor-edge information technology programs.
Ray sensed that the Marist board is also strong-
ly supportive of making the College a special
educational experience. As a result, Ray decid-
ed, based on a business leader’s analysis, that
his concept was a perfect ft for Marist College,
and he looked no further.”
The institute will be in keeping with
Marist’s ideals of excellence in education,
dedication to service, and fostering a sense of
community, says Robert R. Dyson, chair of the
Marist Board of Trustees. “The board enthusi-
astically accepts Mr. Rich’s very generous gift
with the board’s and College community’s grati-
tude to him for his gift and for the leadership
he provided throughout his life.”
“Ray Rich took great pride not only in build-
ing organizations but also in the thousands of
jobs and the economic prosperity created by
those organizations,” says Murray. “He once
told me, ‘The key to being a successful CEO
is to hire great people, be humble in manag-
ing them, and always operate with integrity.
It’s not only the right thing to do, but it’s also
good business.’
“This extremely generous gift presents
Marist with a variety of wonderful opportuni-
ties to enhance leadership development across
the nation and around the world,” says Murray.
“We’ ll work with corporations, government
agencies, and nonprofts to train individuals
whom these organizations have identifed as
having high leadership potential. We hope to
instill in future leaders the qualities that made
Ray Rich one of the most successful business-
men and industrialists of his time.”
President Dennis J. Murray
learns more about the estate
from Claire Carlson
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