Santa Barbara City College officials have announced that the college’s School of Business and Entrepreneurship has received a pledge of $1 million from Julie Nadel and the Nadel Foundation, in honor of her late husband Jack Nadel.
The endowment fund established with this gift will support, in perpetuity, the highest needs of the programs and initiatives of all academic disciplines that compromise the SBCC Business Division, officials said, and the Business Division will be renamed the Jack and Julie Nadel School of Business and Entrepreneurship.
“I am thrilled to honor Jack’s groundbreaking business legacy by fostering future generations of entrepreneurs here at Santa Barbara City College,” said Julie Nadel, speaking of her late husband’s successful career as a global entrepreneur that spanned seven decades, and their longstanding commitment to education and philanthropy.
The lobby of the Business and Communications building will be refurbished this year to create a student-centric, multipurpose, shared-study, incubation and event space. Featuring visual changes including new furniture, fixtures and cosmetic updates, the space will be designed by Dawn Ziemer of KBZ Architects.
“The Jack and Julie Nadel School of Business and Entrepreneurship will fulfill our missions to help others succeed in life. The creation of a physical incubator space, combined with outstanding teachers and programs, will support a magnificent business division where ideas will take flight to benefit future generations,” said Geoff Green, CEO for the SBCC Foundation.
“This gift is a remarkable demonstration of Julie Nadel’s generosity, leadership, and confidence in the educational excellence of SBCC,” he added. “This endowment will fuel a world-class business and entrepreneurship school that honors Jack Nadel’s legacy.”
The endowment will support all of the business disciplines at SBCC, which include: Accounting; Business Administration; Business Law; Real Estate; Management; Entrepreneurship; Computer Information Systems; Computer Applications; Finance; International Business; Marketing; and the experimental offerings of the Scheinfeld Center for Entrepreneurship.
The SBCC Foundation was established in 1976 to provide the Santa Barbara City College with private philanthropic support. IT provides more than $4 million annually for the student success programs, scholarships, book grants, and other critical needs of the college.
For more information go to www.sbccfoundation.org