Katherine and Garrey Carruthers

In the College of Business Administration and Economics, a $500,000 gift from Dean Garrey Carruthers ’64, ’65 and his wife, Katherine, will establish a new chair that focuses on economic development.

“I think it’s extremely important that if you have had some success in your life as a result of having received a fine education at a university, that you return some of that to the university,” says Carruthers, who also serves as vice provost for economic development.

Carruthers says the holder of this chair will help fashion NMSU’s new economic development programs and help attract and/or retain other faculty members to assist with this effort. The chairholder will work closely with NMSU’s Arrowhead Center Inc., which provides support and guidance to innovators who want to turn their ideas into profit.

In 2003, the state Legislature appropriated $3 million to match private contributions to establish economic development chairs at New Mexico State, the University of New Mexico and the New Mexico Institute of Mining and Technology.

NMSU expects to receive a $1 million match from the state, making the Carruthers’ endowment worth $1.5 million.

Stan Fulton

The College of Education and the College of Health and Social Services will benefit from new chairs established by Stan Fulton, owner of Sunland Park Racetrack and Casino.

Robert Moulton, dean of the College of Education, says he expects the holder of the new endowed chair in his college will work with the New Mexico
Alliance for the Advancement of Teaching and Learning to provide learning opportunities that enhance the futures of children living along the U.S.-Mexican border.

Jeffrey Brandon, dean of the College of Health and Social Services, says the holder of the new endowed chair in his college will play a leadership role in the Southwest Center for Health Disparities Research.

Holders of these new chairs should be appointed sometime in 2005.