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Carol A. Ammon
M.B.A. '79 |
Adelphi University Alumna Carol A. Ammon
M.B.A. '79 sets challenge for student scholarships
with leadership commitment of $500,000
Garden City, NY
April 2, 2007
Adelphi University announced last week at its Annual Wall Street Alumni Reception held in New York City, that it has received a $500,000 challenge grant for student scholarships. The gift, made by School of Business alumna and Adelphi University Board of Trustee member Carol A. Ammon M.B.A '79, will provide up to a two-for-one dollar match for gifts made by alumni, faculty, and friends of the Adelphi University School of Business. In order to meet the challenge, Adelphi must raise $250,000 for scholarships for the School of Business.
This gift marks another demonstration of Ms. Ammon’s visionary support for Adelphi. In March 2006, Ms. Ammon made the largest gift in the University’s history when she donated $8.5 million in honor of her mother Ruth S. Ammon, class of 1942.
"I strongly believe in Adelphi’s mission and the ability of its leadership to bring its goals to fruition," said Ms. Ammon. "I have been fortunate in my life to pursue and realize my dreams through hard work and opportunity. I hope these scholarships allow a new generation of students to achieve theirs."
"Carol is an outstanding entrepreneur and a strong, generous friend to the University," said Dr. Robert A. Scott, president of Adelphi University. "Over the last several years, she has shared her expertise as a member of our Board of Trustees and benefactor of our Ruth S. Ammon School of Education. This leadership gift is yet another demonstration of her commitment to the future of the University and our students."
The gift was announced at Adelphi’s Wall Street Alumni Association event hosted by a number of Adelphi Trustees, including Michael J. Driscoll M.B.A. '89, Robert B. Willumstad '05 (Hon.), and Michael J. Campbell ’65. When the gift was announced, Board of Trustees Chairman Michael Campbell said, "On behalf of the Board, and the alumni here tonight, I say ‘Thank you, Carol.’ This gift sends the wonderful signal to our students that we believe in them and their future. Carol has once again demonstrated her extraordinary generosity and commitment to ensuring that Adelphi can continue to attract the best and the brightest students in the region."
The Ammon challenge grant will be used to match funds raised for both undergraduate and graduate scholarships for students in the Adelphi University School of Business. Gifts up to $10,000 will be matched dollar for dollar. Gifts of $10,000 and above will be matched two-for-one. The challenge runs through June 30, 2007. To participate in the challenge or for more information, visit http://www.adelphi.edu/giving/ or contact Christian P. Vaupel, '96, M.S. '03, vice president for University Advancement, at 516.877.3258.
About Carol Ammon: A member of the Adelphi University Board of Trustees, Ms. Ammon is chairman of the board and founder of Endo Pharmaceuticals Inc., a specialty pharmaceutical company with market leadership in pain management. In 1997, Ms. Ammon led a management buyout team and purchased 37 pharmaceutical products from The DuPont Merck Pharmaceutical Company to form Endo Pharmaceuticals Inc. In July 2000, Endo became a publicly traded company known as Endo Pharmaceuticals Holdings Inc. (Nasdaq: ENDP). Prior to forming Endo Pharmaceuticals Inc., Ms. Ammon spent 23 years in the pharmaceutical division of E.I. du Pont de Nemours and Company.
Ms. Ammon was named CEO of the Year in 2004 by the Eastern Technology Council, an organization of 800 technology and life sciences companies in the Philadelphia region and received the 2003 Greater Philadelphia Ernst & Young Entrepreneur Of The Year Award® in the Health Sciences Category. Recently, Ms. Ammon was chosen as the winner of the 2005 Paradigm Award, the Philadelphia region's most prestigious award for businesswomen. She is a director on the Advisory Board of the Healthcare Businesswomen's Association, the Greater Philadelphia Chamber of Commerce, and the Executive Women's Leadership Forum Foundation. Ms. Ammon also was appointed to the board of directors of Pharmacopeia Drug Discovery Inc. in Princeton, N.J.
A native of New Hyde Park, NY., Ms. Ammon earned a Bachelor of Arts degree in biology from Central Connecticut State University and an M.B.A. from Adelphi University. In 2006, she was recognized as Adelphi's "Outstanding Alumna" at Adelphi’s Sixth Annual President's Gala, the University’s major fundraiser for student scholarships.
About Adelphi University: Adelphi University, chartered in 1896, was the first institution of higher education for the liberal arts and sciences on Long Island. Through its schools and programs—The College of Arts and Sciences, the Derner Institute of Advanced Psychological Studies, the Honors College, the Ruth S. Ammon School of Education, University College, and the Schools of Business, Nursing, and Social Work—the co-educational university offers undergraduate and graduate degrees as well as professional and educational programs for adults. Adelphi University currently enrolls more than 8,300 students from 40 states and 50 foreign countries. With its main campus in Garden City and centers in Manhattan, Hauppauge, and Poughkeepsie, the University maintains a commitment to liberal studies in tandem with rigorous professional preparation and active citizenship.
Media Contact
For additional information, please contact:
Kali Chan
Media Relations Director
p - 516.877.4040
f - 516.877.3266
e - chan@adelphi.edu
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