Landmark College Receives $1 Million Gift from PIMCO Executive Paul McCulley to Establish Morgan le Fay Center for Advances in Business and Entrepreneurship Instruction

Business Wire


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. “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. Through the foundation, he served as executive producer of award-winning documentary The Grey Area, which chronicles Grinnell College’s innovative Liberal Arts in Prison program, for which McCulley was a sponsoring patron as a trustee of his alma mater.

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 in liberal studies, with a concentration in computer science.

“As Jonathan’s father, I have witnessed in real time the transforming power of Landmark College’s unique melding of bespoke pedagogy and community support for those with LD,” McCulley said. “Landmark is a pillar of evidence-based innovation in instruction for students with LD, in both the classroom and in navigating life’s challenges. It is a privilege to support expansion of Landmark College’s path-breaking approach to the field of business, both on campus and in strengthening the College’s efforts in teaching of teachers working with students with LD.”

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 called McCulley “a fixture in the world of financial media,” and he is credited with coining two phrases that have become part of the macroeconomic lexicon after the global financial crisis of 2007-10: “Shadow Banking” and “Minsky Moment”. Nobel Prize-winning economist and New York Times columnist Paul Krugman called McCulley’s scholarly research “magisterial.”

Landmark College
Mark DiPietro, 802-387-1632
Director of Marketing Communications
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