Major gift to fund chair in entrepreneurship

 

 

HAMDEN — The vice chairman of Quinnipiac University’s Board of Trustees has donated $1 million to advance the School of Business’ innovations in entrepreneurship.

Quinnipiac announced May 29 that it had established the Carlton Highsmith Chair in Entrepreneurship. The Hamden school will match Highsmith’s gift, creating a $2 million fund in perpetuity.

“The Carlton Highsmith Chair in Entrepreneurship will provide the School of Business with sustainable leadership and ensure the long-term success of our entrepreneurship program,” said Matthew O’Connor, dean of QU’s School of Business. “This is a remarkable gift for the School of Business that instantly raises our program to a new level.”

Highsmith is the retired vice chairman of PaperWorks Industries of Philadelphia. Highsmith was the founder, president and chief executive officer of the Specialized Packaging Group Inc., which merged into PaperWorks in 2009. PaperWorks is the third-largest integrated recycled paperboard company in North America.

In 2005 Highsmith was named Business New Haven’s Businessperson of the Year.

Quinnipiac also announced that it will partner with the Connecticut Center for Arts & Technology (ConnCAT), to establish the ConnCAT Entrepreneurial Academy, where inner-city youths may learn how to launch their own businesses.

“Helping to spread the word about free enterprise to young, aspiring students at ConnCAT will help an entire generation of inner-city youth gain an appreciation for entrepreneurship,” Highsmith said. “Students will learn what it takes to build a business — from that first great idea to the birth of a successful company — from business leaders in the greater New Haven area and Quinnipiac faculty. Quinnipiac students will serve as mentors, sharing their knowledge of finance, management, marketing and advertising while also serving as role models that are essential to youth at ConnCAT.”

 Theater will spend $3.8M to update mainstage

 

NEW HAVEN — Its hopes to build a brand-new theater on the site of the former Veterans Memorial Coliseum a casualty of the financial downturn, Long Wharf Theatre will instead make the most of the funky space it has called home for nearly a half-century.

On March 14 LWT announced that it would spend $3.8 million to renovate its existing space at the New Haven Food Terminal. The work, which will focus on audience amenities, will be performed this summer and is expected to be completed by the beginning of the 2012-13 season.

The theater has also signed a ten-year lease extension on the 222 Sargent Drive space that it first occupied in 1965, ostensibly as a temporary space.

Of the $3.8 million needed to complete the job, roughly two-thirds has already been raised, according to Charles Kingsley, who chairs the theater’s board of trustees. Of that, $1.25 million was pledged by the New Canaan-based Tow Foundation. The main stage of the C. Newton Schenck III Mainstage Theatre will be renamed for foundation benefactor Claire Tow.

“Everyone knows that our seats are cramped and our bathroom lines are long,” acknowledged LWT Managing Director Josh Borenstein. To create more legroom for theater-goers, the rear row of seats in each section will be removed and the remaining rows move toward the rear. This will reduce the number of seats in the mainstage theater from 486 to 400. In addition, the size of the ladies room will be doubled.

The most visible change will be to the theater will be a new and more inviting exterior whose glass-and-steel entryway will “embrace the industrial aesthetic of the site,” Borenstein said.

Indoors, the theater’s lighting grid, which dates from 1965, will be replaced, which will enhance he theater’s creative capacity and reduce operation costs. In addition, the lobby will be renovated and expanded and the heating, ventilation and air-conditioning units will be relocated to the roof of the building, creating more space inside.

“What happens onstage is a collaboration between the audience and the artists,” explained LWT Artistic Director Gordon Edelstein. “If the audience is cranky or uncomfortable, that collaboration is compromised.”

Lead architect in the LWT renovation is Gregg, Wies & Gardner Architects of New Haven.

Lowest number, goals of fundraising campaigns in 10 years

 

HARTFORD — Three reports newly issued by the Connecticut Council for Philanthropy point to a ten-year low in major fundraising campaigns throughout the state.

 

Both the number of campaigns and the dollar goals have been steadily dropping since 2007, according to Nancy Roberts, Council President, at least in the New Haven, Hartford and Fairfield County regions.

 

"In the last year alone, the number of campaigns dropped from 64 to 51, and the combined goal total of $344 million is down nearly 30 percent from $492 million in 2010," Roberts reported.

 

The reasons for the lower goals are varied, she added.

 

"Twenty-two campaigns closed since our last report,” said Roberts. “Of those, 12 met their stated goal, while five decided not to move forward at this time. Others worked within the amounts they were able to raise."

 

Of the 43 continuing campaigns, Roberts added, several are re-evaluating their fundraising efforts, extending the length of their campaigns, or seeking other financing.

 

Only nine new campaigns were added in 2011, compared with 13 in 2010, 12 in 2009, ten in 2008, and an average of 24 in each of the previous three years.

"Collectively, only 47 percent of the combined goal has been raised or pledged to date, leaving nearly $162 million still to be raised," Roberts noted. She attributed the issues to the stalled economy.