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Sunil Puri gifts $1 million in land to Rockford College
Posted By Brandon Reid On May 30, 2012 @ 5:56 am In Local News, Online Exclusives | No Comments
First Rockford Group Founder and President Sunil Puri, a 1982 graduate of Rockford College, presented the deed to just more than 5 acres of commercial land valued at $1 million to Rockford College President Robert L. Head, Ph.D., during the May 11 Rockford College Board of Trustees meeting. Puri also serves as a trustee of the college.
In addition to the land donated by Puri, May 18, the college closed on the purchase of a parcel of land directly to the west of the 5100 building on East State Street. That parcel, along with the 5 acres gifted from Puri and located along Gloyd Parkway, once again connects the main campus with East State Street. The ability for the college to take ownership of this land is both historically and fiscally significant.
In 1989, the college sold acreage leading up to East State Street to ward off financial difficulties. Puri has owned the land since 1991.
“I have seen the college struggle through the most difficult of times and, proudly, I have also witnessed the resolve of the college’s current leadership to move towards fiscal soundness and strength,” Puri said. “Throughout any challenge, Rockford College has always remained dedicated to providing students an uncompromised education. I made this gift now because I believe that Rockford College is stronger than it has been in several decades and poised to continue to grow and serve this community as a premier liberal arts institution.”
Plans to develop the land adjacent to the 5100 building to accommodate additional parking spaces are under way. The 5100 building primarily serves the college’s master level and adult degree completion classes. There are no immediate plans for the property donated by Puri.
Rockford College President Head said: “As we look to develop long-term master plans for our campus, the land donated by Mr. Puri helps to appreciably expand our options to envision scenarios for continued growth. I am extremely appreciative of Sunil’s strong commitment to Rockford College, and we are excited to continue to plan for the successful future of our students and our institution.”
Rockford College is a four-year, co-educational institution founded in 1847 offering undergraduate and graduate degrees in traditional liberal arts and professional fields.
The college offers approximately 80 majors, minors and concentrations, including the adult accelerated degree completion program for a bachelor’s of science in management studies.
Through its Graduate Studies department, degrees are extended to include the Master of Arts in Business Administration (MBA) and Master of Arts in Teaching (MAT).
Rockford College is home to one of only 11 Phi Beta Kappa (PBK) chapters in Illinois, the most prestigious honor society in the United States. Named by The Princeton Review as a Best Midwestern College and one of only 81 colleges in the nation as a “College with a Conscience,” Rockford College serves approximately 1,350 full-and part-time students.
From the May 30-June 5, 2012, issue
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