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Former Lion Gives Back to LMU

March 28, 2003

Los Angeles, CA (March 28) - The Loyola Marymount University athletic department took an important first step in its capital campaign to build a new athletic support complex next to Gersten Pavilion with a donation by 1968 LMU alumnus R. Chad Drier.

The former baseball player for the Lions has donated $1 million to the new building, which will include office space for its 17 varsity programs, locker rooms for its outdoor sports, a new athletic strength and fitness center and a new training room.

"This is an important step for our capital campaign," said Athletic Director Dr. William Husak. "Chad was an important part of our program as a former student-athlete in the late 1960s and he is now doing it again with his contribution. We are committed to giving our student-athletes the best opportunity to succeed in the classroom and on the athletic field. Chad's gift is another step in that commitment."

The gift to athletics is a part of a $5 million contribution to the entire University. Dreier and his wife, Ginni, also pledged $3.5 million to endow a program to add accounting ethics courses. In addition, they contributed $250,000 to buy equipment for LMU's school of film and television; and $250,000 to support current programs.

"You can hardly pick up a newspaper today without reading about another business scandal," said alumnus R. Chad Dreier, president of The Ryland Group. "The sheer number of accounting abuses tells us that something more is needed. Without an ethical foundation, organizations collapse."

Dreier, chairman of the university's board of trustees, said the R. Chad Dreier Chair in Accounting in LMU's College of Business Administration will be one of the few in the country to emphasize ethics in accounting.

"Exploring values and the difficulty of applying them consistently in everyday life is an essential part of the education we provide," said John Wholihan, dean of the college at the Roman Catholic university.

The Calabasas-based Ryland Group is one of the nation's largest homebuilders and mortgage lenders. Dreier, of Santa Barbara, received his accounting degree from LMU in 1968.

- GO LIONS -

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