TERRE HAUTE, Ind. (Inside INdiana Business) — A $1 million gift to the Scott College of Business at Indiana State University has established an endowed professorship. The ISU Board of Trustees has approved the gift from Carolyn Steinbaugh, wife of the late Dr. Robert Steinbaugh, and named the Dr. Robert and Carolyn Steinbaugh Endowed Professor of Business.
Robert Steinbaugh taught management and finance at ISU and served as a department chair from 1957 to 1984, before retiring in 1991 and passing away in 2014.
“Dr. Steinbaugh devoted his career to ISU, and we are proud that in perpetuity we will honor his dedication by recruiting and retaining outstanding faculty who embrace our important mission,” ISU President Dr. Deborah J. Curtis said.
ISU says the endowed professorship is the second created in as many years at the Scott College of Business.
“I hope to give faculty a chance for research or expanding their own knowledge and studies where, without additional financial resources, they may not be able to,” Carolyn Steinbaugh said.
The university says the Steinbaugh’s previous support helped the Scott College of Business move to Federal Hall in 2012 and the couple made other gifts to name the Dr. Robert P. Steinbaugh Faculty Resource Library in Federal Hall.