UNC Awarded $1.25 Million Grant by Daniels Fund

Initiative Involves Eight Universities in Supporting Business Ethics Programs
The University of Northern Colorado has been awarded a five-year, $1.25 million grant by the Daniels Fund to help support programs in business ethics.

Through the grant, UNC becomes part of a collaborative initiative of eight universities from four states to develop programs designed to instill a high standard of ethics in students majoring in business and other disciplines. The initial grant and ongoing support for the initiative is provided by the Daniels Fund, a private foundation established by cable television pioneer Bill Daniels, who was widely recognized for his ethics and integrity in business.

"We are honored and delighted to be among the universities selected for a grant that provides funding for an initiative that represents a core value of ours," said UNC President Kay Norton. "We're committed to providing an education for our students that fosters ethical decision-making throughout their college lives and serves as the guiding force in their professional lives."

UNC will use a portion of the grant to create the Bill Daniels Distinguished Professor of Business Ethics within the Monfort College of Business. The professor hired for the new position will assess ethics instruction in the college, both develop and teach ethics curriculum that will be designed for new and existing business courses, and connect efforts to address ethics throughout the university, including incorporating ethics instruction into introductory college courses open to all incoming freshmen.

The professor will also help develop ethics content for students throughout the university who are interested in pursuing a minor in business and work with the business community in establishing corporate ethics programs and expanding real-world opportunities for students.

"While ethics have always been important, a look back at the past decade of financial scandals serves to illustrate their direct relationship in making sound decisions," said Don Gudmundson, dean of UNC's Monfort College of Business. "This grant will boost our efforts in continuing to foster a culture that values and emphasizes ethics."

In addition, the grant will provide $25,000 annually for student scholarships. The grant will also fund a computerized simulation tool that will help assess program effectiveness by testing graduating seniors' ethical decision-making.

Joining UNC will be the University of Denver and University Wyoming, whose business schools have existing business ethics programs supported by the Daniels Fund, and fellow grant awardees Colorado State University, New Mexico State University, University of Colorado at Colorado Springs, University of New Mexico and the University of Utah.

The Daniels Fund announced the initiative during a news conference Jan. 19 in Denver. The renewable grant provides UNC $250,000 annually over five years and brings the total Daniels Fund contributions to UNC to about $7 million in endowments for scholarships and support for university programs.

About the University of Northern Colorado
The University of Northern Colorado enrolls 12,000 undergraduate and graduate students studying in a broad array of programs in education, the arts, sciences, humanities and business. The UNC experience combines a solid liberal arts foundation, relevant professional coursework, innovative technology and real-world experiences to prepare students for a life of learning. Visit http://www.unco.edu for more information.

About the Daniels Fund
Bill Daniels established the Daniels Fund to operate the Daniels Fund Scholarship Program and the Daniels Fund Grants Program in Colorado, New Mexico, Utah and Wyoming. His estate transferred to the Daniels Fund when he died in March, 2000, making it one of the largest foundations in the Rocky Mountain region. Visit www.danielsfund.org for more information.