By Jeff Wilson
Growing up in the small Randolph County town of Walsh, SIU was the only reasonable college option for Ron Smith.
“It was where you could get the most bang for your buck,” he said. “SIU was so good to me and changed my life and made it better than it would have been.”
Since graduating in 1964 with a degree in marketing and a master’s in business administration in 1966, Smith has stayed engaged with his alma mater, including donating close to $170,000 over the last 20 years. Now, he’s taken his support a step further, making a gift of stock worth $500,000 to endow the Ronald L. Smith Endowed Chair in Marketing at the College of Business and Analytics.
Endowed chairs help attract and retain high-level faculty members by making the position more attractive and keeping salaries competitive with other institutions.
“I’m doing this to help the students of SIU,” Smith said. “I want to make the program stronger and provide better opportunities and better training for the students. We want to attract big names and incentivize them to stay.”
Before making his major gift to endow the chair in COBA, much of Smith’s philanthropy has been directed toward Saluki Athletics. Despite living in California, he has maintained season tickets to Saluki Football games and supported the Blackout Cancer fundraiser.
Smith has fond memories of his time at SIU, noting that he attended the university during the Delyte Morris era and the time of College of Business Dean Henry J. Rhen, for which the COBA building is named. Smith was also classmates with another of SIU’s most prolific benefactors, F. Lynn McPheeters.
“Dr. Morris was wonderful to listen to, and I was lucky to be there during his era,” Smith said. “The university had lots of programs that were geared toward students with limited financial resources. I was fortunate enough to make good enough grades that my professors thought I was a good candidate for graduate school.”
After graduation, he joined the Peace Corps and spent 30 months in Colombia. He worked with farmers and fishermen, teaching them how to make the most of their assets. He credits his education from SIU with giving him the expertise to share with those people and give them a vested interest in the business side of their industry.
Smith, a first-generation student whose niece now attends SIU as a fourth-generation student, said his continued support of the university shows the impact alumni can have even when they’re not able to get to campus as often as they may like.
“Is there a way you can help build up the university?” Smith said. “Even if you’re in California, like me, you can help folks in Southern Illinois.”
For more information about supporting the university, visit siuf.org.