University of Cincinnati Awarded $9 Million for Diversity Initiatives

University of Cincinnati Awarded $9 Million for Diversity Initiatives

The University of Cincinnati has announced a $9 million gift from alumnus Richard E. Thornburgh ('74, H '09) and his wife, Cornelia, in support of diversity and inclusion initiatives at the university.

More than half the gift, $5.5 million, will support programs at the Lindner College of Business, including a pledge of $500,000 and a $4 million estate gift to establish the Dick and Cornelia Thornburgh Business Diversity Scholarship Fund, as well as an estate gift of $1 million in support of the Lindner Honors-PLUS program.

The gift also includes $2 million for the men's soccer program; $300,000 for the Women's Excellence Fund, which provides funding for nutrition, special equipment, and facility enhancements for UC's eleven women's sports programs and spirit squads; $200,000 to establish the Dick and Cornelia Thornburgh Scholarship for Diverse Student Athletes Majoring in Business Fund; and a $1 million estate gift to Sigma Sigma, which recognizes students who have made significant contributions to the university.

Dick Thornburgh is former vice chair of the board of Credit Suisse Group AG and a senior advisor to Corsair Capital.

"You want to get the best possible people to succeed, therefore you need to get a wider net," said Thornburgh. "If you look at the corporations in Cincinnati that are hiring, they want to have a diverse workforce. As a university, we should provide them with the best product we can, students that can grow to be capable leaders in the business and nonprofit fields."

"Not only have Dick and Cornie given back to UC with this gift and others, they have long given their time to our beloved alma mater," said UC Foundation president Peter Landgren. "Dick is a recipient of the Lindner and William Howard Taft medals and has worked personally with our students, served on search and investment committees and shared his valuable insight. He exemplifies what it means to be a Bearcat. I believe Dick and Cornie will be models to others to return to their alma mater what UC gave to them — a life and career of possibilities."

"Dick and Cornie Thornburgh Make $9 Million Gift to UC." University of Cincinnati Press Release 12/02/2019.