Wendell E. Mackay, Howard University alumnus, donates $250,000 to Howard Business School of Business

(Press Release) – Howard University School of Business (HUSB) alumnus Wendell E. Mackey, CFA has donated US$250,000 to Howard University to support the creation of a Bloomberg Finance Lab. In order to provide students with the preparation needed to thrive in finance-related fields, HUSB has contracted with Bloomberg to purchase licenses to the Bloomberg Professional Service. The donation will support the build-out, equipment and licenses of 12 terminals.

“On the day of my graduation with my parents taking pictures on the steps of then the newly constructed School of Business, I remember saying one day I will come back and do something significant for Howard that will live on for generations” recalls Mackey.
“So humbly here I am now, living up to my commitment from my graduation day. The Bloomberg Platform is something that the university will always have from now on. The Bloomberg Network will help the entire University in addition to the School of Business. In working with President Frederick and Dean Harvey we have the Bloomberg Network set up to go into the School of Business, and a few other schools across campus”.

The lab in the School of Business will be part of the school’s trading floor. A ribbon-cutting ceremony for the grand opening will be held during Howard University’s Charter Day celebrations on March 2.

“This very generous donation by Alumnus Wendell E. Mackey (HUSB class of 1985) of Channing Capital Management in support of a Bloomberg Financial Laboratory provides the School of Business with an important asset,” said Barron Harvey, Ph.D., dean of the Howard University School of Business. “The Bloomberg Lab will greatly enhance the academic skills of our undergraduate and graduate students in finance, accounting, marketing, supply chain and management, and enhance their professional marketability. In addition, the lab will greatly impact the research productivity of our dedicated faculty in the School of Business.”

Bloomberg Finance Lab is a key element in helping institutions stand apart from their competitors. Equipped with real-time data and analytical tools, the lab provides students with the technology used by financial professionals worldwide, giving them first-hand experience that can be a competitive edge in the workplace. Labs come with a comprehensive curriculum that is suitable for additional academic disciplines such as Marketing, Accounting, and Management.

“In terms of the launch and bringing the Bloomberg platform to Howard University, I hope that this will leave a legacy for me as the person that helped bring Bloomberg back to Howard,” expressed Mackey. “I think for the students that come through Howard, hopefully they will understand the power of giving. The donation that I am gifting to Howard has come through hard work, sacrifice, unwavering support from family and friends, tremendous clients who have supported Channing Capital Management, and great business partners in Rodney Herenton and Eric McKissack. I have been blessed to have a great team here at Channing, and we have been able to get it done. Now Howard will be the beneficiary in a major way.”

As part of the gift to the University, a portion will be used to establish the Wendell E. Mackey/Channing Capital Management, LLC Scholarship, which will sponsor 4 student scholarships over the next 2 years for School of Business students from the Metropolitan Area of Chicago. Mackey stated, “It was very important to me to give back directly to the Chicago Area where I was born and raised, and where Channing Capital was launched. At Channing, we have a policy of giving back to our communities. Both Chicago and Howard University will always have a special place in my heart.”

As a Founder, Co-CEO, and CIO for Channing Capital Management, LLC, Mackey has 25 years of investment experience. He received a Bachelor of Business Administration from Howard University, a Master of Management from the J.L. Kellogg Graduate School of Management, Northwestern University and has earned the Chartered Financial Analyst Designation. Mackey currently serves on the Board of Visitors for the Howard University School of Business. He previously served as a board member and chair of the Audit Committee of the CFA Society of Chicago.

About Channing Capital Management: Channing Capital Management founded by Wendell E. Mackey, Rodney B. Herenton and Eric T. McKissack in 2003 is a Chicago-based investment management boutique serving institutional investors. Since inception, the company has grown its assets under management to more than US$3.0 billion. By employing a research-intensive, fundamental, bottom-up process, Channing builds client portfolios positioned to generate solid long-term performance, with managed risk.

About Howard University: Founded in 1867, Howard University is a private, research historically black university that is comprised of 13 schools and colleges. Students pursue studies in more than 120 areas leading to undergraduate, graduate and professional degrees. The University operates with a commitment to Excellence in Truth and Service and has produced four Rhodes Scholars, nine Truman Scholars, two Marshall Scholars, one Schwarzman Scholar, over 60 Fulbright Scholars and 22 Pickering Fellows. Howard also produces more on-campus African American Ph.D. recipients than any other university in the United States. For more information on Howard University, visit www.howard.edu.

About Howard University School of Business: The Howard University School of Business is a highly recognized school with rankings that include Bloomberg Business Week, US News & World Report, Fortune magazine, and the Princeton Review. The School of Business and its award-winning programs were the first AACSB international accreditation business school in the Washington DC area.

About Bloomberg: Bloomberg, the global business and financial information and news leader, gives influential decision makers a critical edge by connecting them to a dynamic network of information, people and ideas. The company’s strength – delivering data, news and analytics through innovative technology, quickly and accurately – is at the core of the Bloomberg Terminal. Bloomberg’s enterprise solutions build on the company’s core strength: leveraging technology to allow customers to access, integrate, distribute and manage data and information across organizations more efficiently and effectively.

Source: Howard University