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Shock the World Campaign
In This Issue

       

Koch grant of $3.64 million to fund new institute


Business Students
Institute for the study of Economic Growth will explore avenues to societal prosperity.

With the support of a $3.64 million grant from the Charles Koch Foundation, the W. Frank Barton School of Business will create an Institute for the Study of Economic Growth to examine the impact economic systems have on business policy and social issues.

The institute will help cultivate an exchange of ideas, as well as scientific research, on that topic, said Tony Vizzini, Wichita State University provost and senior vice president.

“We want to expose our students to a wide range of thought and discussion about the systems that are most beneficial to society,” Vizzini said. “We believe the Institute for the Study of Economic Growth will ignite research and academic conversation that leads to economic growth and well-being.”

WSU students will be the greatest beneficiaries of the grant, said Barton School Dean Anand Desai.

“The institute will help us attract and retain outstanding faculty and increase the value of business and economics education at Wichita State,” Desai said. “It aligns with the Barton School’s mission to advance the knowledge and practice of business, and to support economic growth through research, outreach and knowledge transfer.”

The institute initially will be housed in Clinton Hall, home of the Barton School, until a new business school facility is built on the Innovation Campus. Te institute will have dedicated space in the new building. Faculty and staff will include an executive director to be hired in the next year, as well as two doctoral faculty members, one faculty member at the lecturer rank, two graduate student fellows, two graduate assistants to support faculty and appropriate support staff.

The gift from the Charles Koch Foundation is part of the WSU Foundation’s $250 million Shock the World fundraising campaign for Wichita State.

“We’re so pleased for this support, which will help grow our efforts to enhance societal prosperity through economic growth, while also expanding teaching and research – a direct benefit to our students,” said WSU President John Bardo.

The grant will be paid out over five years in increasing amounts as the institute becomes more established. Te institute will seek additional external funding from other entities to leverage the support provided by the Charles Koch Foundation.

“The scholars at Wichita State have set forward a bold vision to tackle critical questions about growing inequality, and we’re thankful for the opportunity to support them,” said John Hardin, director of university relations for the Charles Koch Foundation.

For more information

If you’d like to learn more about the Institute for the Study of Economic Growth, please contact Joe Swanegan, WSU Foundation senior director of development, at 316-978-3948 or joe.swanegan@wichita.edu.

Joe Swanegan