ELLENSBURG, Wash. -- Central Washington University's College of Business (CB) today announced that the Patrick R. O'Shaughnessy Endowment has surpassed both its $1 million goal in cash balance and $1.1 million goal in cash and pledges.
Patrick R. O'Shaughnessy, or "PRO" as he is affectionately called, is a revered retired faculty member who served CWU for nearly four decades. The CB wished to recognize his legacy with the first endowed professorship in the Department of Accounting—namely the Patrick R. O’Shaughnessy Executive Professor of Accounting. The endowment was created to support the professorship and to honor him as a teacher.
“This endowment is an important recognition of Pat’s substantive contribution to building a high-quality undergraduate accounting program, a program that has evolved over the years to a flagship program in the college," said Roy Savoian, former CB dean.
O’Shaughnessy is the recognized force behind the creation of CWU’s premier accounting program, which provides much of the leadership among certified public accountants in Washington State.
PRO began his career in 1964 at Central when there was only one other accounting professor in what was then the Department of Business and Economics. O’Shaughnessy served as the first chair of the accounting department when the College of Business was created in 1974, as the School of Business and Economics. He was recognized as a CWU Distinguished Teaching Professor in 1982.
Last November, PRO was honored at a “Roast and Toast,” an event that brought alumni together from the 1960s through the 1990s. It also initiated the final phase for completing the O’Shaughnessy Endowment.
CWU’s College of Business is accredited by the Association to Advance Collegiate Schools of Business—International. Only 593 schools of business, or less than 5 percent worldwide that have achieved the AACSB International accreditation. Founded in 1916, AACSB International is the longest-serving and largest global-accrediting body for business schools that offer undergraduate and graduate degrees in business and accounting.
Media Contact: Valerie Chapman-Stockwell, CWU Public Affairs, 509-963-1518, email@example.com