CSU Monterey Bay Receives $10 Million for Endowed Professorships

CSU Monterey Bay Receives $10 Million for Endowed Professorships

California State University Monterey Bay has announced a $10 million gift from Joel and Dena Gambord to create two endowed professorships.

The largest gift in the university's twenty-year history will be used to endow professorships in business entrepreneurship and nursing. The gift also will create a fund to help students research, build, and bring products from concept to market. In recognition of the gift, CSUMB's newest academic building will be named the Joel and Dena Gambord Business and Information Technology Building.

Joel Gambord, a real estate developer and former director of the National Association of Home Builders, also served in the International Executive Service Corp.,  which at the time operated as a subsidiary of USAID. For more than thirty years, the Gambords lived in the Monte Sereno home that John Steinbeck built with his wife, Carol, and where he wrote The Grapes of Wrath and Of Mice and Men.

"We feel we have been blessed by the good fortune during our lifetime to have the resources to create an opportunity to assist others in our community," said the couple in a statement. "The goal of our gift to CSUMB is to provide the university with the ability to expand and enhance its entrepreneurial program where students will learn to start and maintain a successful business enterprise, giving employment to themselves and others."

"CSUMB Receives Largest Donation in Its History." California State University Monterey Bay Press Release 11/19/2015.