PUTNEY — Landmark College will receive a $1 million gift from noted economist Paul McCulley, an executive with the Pacific Investment Management Company (PIMCO) and the father of 2014 Landmark College graduate Jonathan McCulley.
The funding will create the new Morgan le Fay Center for Advances in Business and Entrepreneurship Instruction at Landmark College. It will support development and refinement of progressive pedagogy for students with learning difficulties (LD) in the fields of business, economics and entrepreneurship, as well as research, training and related innovations for educators in the field of LD.
“This comes at a perfect time for Landmark College, which continues to evolve as a more comprehensive, career-focused liberal arts institution,” said Dr. Peter Eden, president of the College, in a news release. “This gift will catalyze efforts to leverage the natural entrepreneurial strengths of our students, who are bright, young people with learning difficulties eager to make an impact in the world of business, economics and entrepreneurship.”
McCulley is a long-time philanthropist. He is an active board member of the Global Interdependence Center, which seeks to stimulate dialogue on pressing international issues. In 2006, McCulley founded and endowed the Morgan le Fay Dreams Foundation to focus on charities devoted to young adults and education.
His support of Landmark College will further enhance the college's highly regarded work in universal design for learning and integrated assistive technology, and its overall R & D capabilities in post-secondary educational practices in the field of LD. McCulley's son, Jonathan, was inducted into the international honor society Phi Theta Kappa and graduated with honors from the College on May 17. He earned an associate of arts degreein liberal studies, with a concentration in computer science.
McCulley had a celebrated career at PIMCO, retiring in 2010. In May, PIMCO appointed him to the new position of chief economist. The Wall Street Journal has called McCulley “a fixture in the world of financial media.”