Steenecks’ $ 1.3 million donation to benefit URI College of Business facilities and immediate and long-term priorities – URI News


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KINGSTON, RI – June 21, 2021 – The University of Rhode Island has announced that Craig D. ’80 and Sandra Steeneck have pledged $ 1.3 million to advance the immediate and long-term priorities of the College of Business.

The donation is structured in three parts. A pledge of $ 250,000 will contribute to the renovation and expansion of Ballentine Hall and will result in the appointment of the Steeneck Family Student Lounge. A donation of $ 60,000 responds to immediate needs identified by RhodyNow: College of Business. The Steeneck estate plan provides $ 1 million to establish the Steeneck Family Endowed College of Business Excellence fund. The endowment will provide funds for cutting-edge technology that will provide a competitive advantage for faculty and students, as well as support for study abroad and international lecturers.

“I received an excellent education from the College of Business and my accounting professors provided me with valuable career advice that set me on a very successful path,” said Craig. “When we developed our estate plan, Sandra and I decided we wanted to support URI. We chose RhodyNow to help students and faculty immediately, and Ballentine Hall is a real estate investment that will have an impact now and in the future. We believe in the URI and appreciate the unique way it works for the betterment of the state of Rhode Island. “

Plans for Ballentine Hall include open teaching spaces and laboratories on over 7,000 square feet of new space and 13,000 square feet of renovated space. The completed project will include a Business Analysis and Artificial Intelligence Center, the Kent and Diane Fannon Student Success Center for Professional and Academic Consulting and Experiential Learning, a new business application prototyping lab , and more.

“The generosity of the Steenecks will ensure the success of our students and faculty today and into the future,” said Maling Ebrahimpour, Dean of the College of Business. “They have both been very successful and appreciate the importance of meeting the changing needs of the global economy. They have structured their contribution wisely so that we can implement immediate and long-term improvements. “

Craig received his accounting degree from URI in 1980 and began his career with PricewaterhouseCoopers in New Jersey. He transitioned to corporate accounting and held leadership positions until his retirement as Executive Vice President and Chief Financial Officer of Pinnacle Foods, Inc. in 2018. He is a member of the Board of Directors of Freshpet since 2014, Hostess Brands since 2016, and Utz Brands since 2018.

Sandra is a former buyer finance and marketing manager for Mondelez International in New Jersey. Previously, she was a consultant at Resources Global Professionals and for over 20 years she held various financial management positions at Reckitt Benckiser.

The URI College of Business serves 2,100 undergraduate students and nearly 300 graduate students. It is AACSB accredited, the global benchmark for accreditation of academic business schools, and offers 10 undergraduate programs, seven graduate programs, and three doctorates. specializations.

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