Alum donates $ 20 million to USC Marshall School of Business
Randall R. Kendrick, Founder, President and CEO of Industrial Real Estate Company Xebec, donated $ 20 million to support the USC Marshall School of Business Global Supply Chain Management Program . In recognition, the program will be renamed Randall R. Kendrick Global Supply Chain Institute.
Kendrick’s pledge is the third largest donation in USC Marshall’s 100-year history.
A first-generation graduate and graduating from USC Marshall in 1986, Kendrick credits his professional success to his college education.
“I can really say that my education at USC was the foundation that prepared me to make Xebec where it is today: one of the nation’s largest industry-focused real estate asset managers. industrial / logistics, ”Kendrick said. “I am extremely grateful for my Marshall experience, as it has helped me develop critical analytical thinking and gave me a solid foundation in real estate, finance and strategic decision making.”
In addition to the establishment of the Randall R. Kendrick Global Supply Chain Institute, the funds will also support scholarships, endowed faculty and other resources.
With this donation, Kendrick aims to give current and future students the same opportunities as him.
“I have benefited from the generosity of other Trojans who have come before me at USC and have served as mentors throughout my personal and professional life. Now I’m honored to be able to do the same, ”Kendrick said. “I hope my commitment inspires others to join me in showing their faith in the excellence of our alma mater.
“Randy’s story shows the transformative power of education,” said President Carol L. Folt. “He came to USC as a first-generation student and went on to build one of the best companies in our country. His generous donation will expand Marshall’s existing academic programs and help future generations of USC students follow their own path to professional growth.
USC Marshall Dean Geoffrey Garrett praised Kendrick’s generosity and desire to support business programs that will make a difference internationally.
“Randy’s gift is a tremendous vote of confidence in the quality of Marshall’s global supply chain management program and will energize his future,” said Garrett. “As the COVID-19 pandemic has highlighted, supply chains are at the very heart of the contemporary global economy. With the visionary support of Randy, our goal at Marshall is to be the world leader in this crucial industry.
Kendrick’s gift will help expand existing global supply chain programs at USC Marshall
The donation will expand existing university programs that propel talented students into careers in supply chain management, including a progressive degree program in which undergraduates from USC Marshall and USC Viterbi School of Engineering can take a fifth year to earn a Masters in Global Supply Chain Management. Every graduate of the program has landed a job after graduation, which shows why US News & World Report has ranked the master’s degree as its # 1 online business program for the past two years.
“We already accept between 10 and 12 progressive undergraduates each year,” said Nick Vyas, executive director of the Kendrick Institute. “It will help us double that number and create a greater human capital pipeline in what has become the most important and exciting area of growth in the business world. “
He noted that Kendrick’s donation will support growth on all fronts.
“The donation will enable and extend our thought leadership, education and applied research,” said Vyas, clinical associate professor of data science and operations at USC Marshall and academic director of the Master of Science in Global Supply Chain Management program. . “We will have the opportunity to provide broader and deeper outreach efforts, which in turn will link the lessons we learn from our collaborations with industry to what we teach in the classroom. “
Among the initiatives supported:
- Endowment of the director of the institute.
- Creation of a new faculty and fellowship chair in supply chain management.
- Offer scholarships to students of the Master of Science program of the Global Supply Chain Management program.
- Support research assistantships on faculty supply chain projects.
- Created a collection of USC Marshall branded supply chain suitcases.
- Creation of a new consortium on blockchain in the supply chain.
A key part of USC Marshall’s focus on lifelong learning opportunities, the Kendrick Gift will also help establish new certifications for professionals who want to improve their skills or develop further, working with USC Marshall. Executive Education.
The Kendrick Institute will also continue to host the annual Global Supply Chain Excellence Summit, which has become the largest supply chain industry and university conference in North America. It attracted more than 2,300 virtual participants in 2020.
More stories on: Donors, Marshall School of Business