News From Terre Haute, Indiana

Local & Bistate

October 17, 2009

Couple donates $1.35M to ISU Foundation

TERRE HAUTE — The Indiana State University Foundation on Friday announced a new gift from benefactors Randall and Nancy Minas of $1.35 million. The donation is earmarked for $350,000 to go to the Randall and Nancy Minas Center for Investment and Financial Education Endowment and the remaining $1 million to boost the future Financial Trading Room in the new College of Business, formerly the Federal Building at Seventh and Cherry streets in downtown Terre Haute.

“We are happy to make this gift because of the opportunities for financial education, which can attract new students to Indiana State,” Randy Minas stated in a news release issued by the ISU Foundation. When the current Financial Trading Room first opened in 2007, it was one of only a handful at a university.

“Currently, we are operating at capacity in the Trading Room,” Nancy Merritt, dean of the College of Business, explained. “With this generous gift, we will be able to double the size of the current Trading Room in the new College of Business building.”

Past experience led the Minases to believe hands-on education would really give ISU students a leg up in being marketable. “Randy would hire high school or college students to work at Merrill Lynch in the summer and they had no hands-on experience,” Nancy said. “Seeing how they reacted to the summer hands-on experience let us know it could really improve their college education.”

This past summer, Randy’s summer employees were members of the ISU Investment Club, which manages a real portfolio in the Financial Trading Room, and he was impressed with how adept they were in the world of investments.

“Randy and Nancy Minas are wonderful people who have a history of making wise investments,” said Indiana State President Daniel J. Bradley. “I deeply appreciate their decision to once again invest in our students by providing exceptional learning opportunities that will prepare them for the business world.”

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    March 12, 2010