Updated at 4:33 p.m., Thursday, February 15, 2007
Deans give $250,000 to Shidler College of Business
Advertiser StaffThe University of Hawai'i Foundation announced Wednesday that John and Sue Dean have committed $250,000 to the Shidler College of Business at the University of Hawai'i at Manoa.
Their gift combines with $250,000 in matching funds provided by Jay Shidler's transformational donation in September 2006 to create an endowed professorship at the business school called the John and Sue Dean Distinguished Professorship.
"Sue and I have been involved with the College for some time and seen first-hand the benefits it has brought to Hawai'i, from well-educated decision makers and entrepreneurs to the newest ideas in the business arena," John Dean said in a statement released by UH. "We decided that the time was right to invest further in the College's success with an endowment that will enhance its ability to attract and retain top-flight faculty."
This is the first endowment utilizing the matching funds that were part of Shidler's gift; a total of $3 million was allocated for matching funds for endowed faculty positions, scholarships and programs at the business school.
John Dean is managing general partner of Startup Capital Ventures, a private equity fund that invests in venture capital funds and start-up technology firms in the U.S., overseas and Hawai'i, general partner of Tuputele Ventures and chairman of the Entrepreneur's Foundation of Hawai'i, a nonprofit organization that helps develop a culture of community service and philanthropy. Dean, a banking professional for more than 20 years, was previously CEO and chairman of Silicon Valley Bancshares and Silicon Valley Bank. During his 8 years as CEO, Silicon Valley Bank's market capitalization grew from $65 million in 1993 to over $3 billion in 2000.