Local entrepreneur and Cleveland State University alumnus, Monte Ahuja, has donated $10 million to his alma mater to fund scholarships and an endowed professorship in business. The announcement was made during a special celebration on June 24 in the university's student center, marking the largest gift in the university's 47-year history.

The founder of Transtar Industries, a $600 million a year global leader in transmission replacement parts, Ahuja got his start at CSU in the 1970s with his business plan for a marketing class. He got an A for the plan that launched his career. He's been an active alumnus ever since, serving as chairman of the board of trustees from 1992 to 1998.

"Monte Ahuja has been a strong supporter of the school for a long time," says spokesperson Joe Mosbrook. "In support of CSU president Ronald M. Berkman's transformation plan, it seemed a good time to step up with this gift."

The majority of the money will be earmarked for scholarships in business, with a portion dedicated for scholarships in engineering. The gift will also fund an endowed professorship in business, the Monte Ahuja Endowed Chair of Global Business.

"The endowed chair will allow Cleveland State to bring in heavy hitters in global business," says Mosbrook. "The business school has a particular focus on global business, more so than any other school in the area."

Before the event, the board of trustees unanimously voted to re-name the college of business the Monte Ahuja College of Business.

Source: Joe Mosbrook
Writer: Karin Connelly