UCM Alumnus Makes Gift to Create Student Stock Trading Center
Contact: Dalene Abner
WARRENSBURG, Mo. (July 10, 2014) — Hands-on, real-world learning opportunities are a trademark of a University of Central Missouri education. That experience for one student group, Red Investment Management, will become even more realistic thanks to a gift to the UCM Foundation from Donn G. Forbes ’52. In recognition of his gift, the UCM Board of Governors recently approved naming the room, the Donn G. Forbes Center for Financial Services.
“This learning space will afford generations of students the opportunity for engaged learning,” said Marvin “Bunky” Wright, president of the UCM Board of Governors. “It is alumni like Mr. Forbes who care deeply about our students who make their dreams a reality.”
Forbes’ gift is the second largest ever made to the Harmon College of Business and Professional Studies. It includes both an immediate “bricks and mortar” gift along with a planned gift to support future needs within the college. The gift will be used to construct a realistic trading floor, similar to the New York Stock Exchange, in the northeast area of the Ward Edwards Building atrium. It will become the hub for the activities of a group of finance students trading stock and researching financial markets. The new area will be ready by August.
“I provided the gift because I have a passion and long-time interest in personal investing, and I am happy to still be researching and making investment decisions the ‘old-fashioned way.’ I worked hard for my degree and appreciate the education I received,” Forbes said.
Forbes graduated from UCM with a Bachelor of Science degree in Business Administration. After graduation he enlisted and served in the U.S. Coast Guard. His professional career with International Paper Company spanned more than 30 years, during which he worked in sales and marketing. He now lives in Vancouver, Wash.
Donn Forbes, right, discusses the future of the location of Red Investment Management with Jose Mercado, left, chair of the Department of Economics, Finance, and Marketing, and Roger Best, center, dean of the Harmon College of Business and Professional Studies.
“Thanks to the UCM Foundation and Mr. Forbes’ generosity and forward-thinking, this hands-on experience in security analysis and portfolio management will provide our undergraduate and graduate students a unique advantage in one of the most competitive fields in the world,” said José Mercado, chair of the Department of Economics, Finance, and Marketing.
Red Investment Management, formerly the Student Management Investment Fund, enrolled its first class of undergraduate and graduate students in Fall 2013. For the students to gain realistic experience, the UCM Foundation allocated a $500,000 portfolio for them to perform detailed analysis of potential investments, security selection and performance. So far, the students have acquired more than $50,000 through investments, an amount that will generate additional dollars for UCM scholarships and other student-centered programs.