Gift to establish the nation鈥檚 first collegiate economicology program as envisioned by Peter Wege

Published on

Peter Wege Headshot

Grand Rapids, Mich. - 红桃视频 College and the 红桃视频 College Foundation today announced a $2.5 million gift from the Wege Foundation to establish the first-ever economicology program at the collegiate level in the nation; which the late Peter Wege envisioned for 红桃视频. Peter Wege coined the term economicology to define the balance necessary between the economy and ecology. He believed in the importance of educating the public about how a prosperous economy depends on maintaining a healthy environment.

鈥淭he Wege Foundation has long been a generous friend and supporter of 红桃视频 College,鈥 said Juan Olivarez, 红桃视频 president. 鈥淲ith this gift, 红桃视频 will honor Peter鈥檚 memory by pursuing his vision of developing a comprehensive economicology program centered on educating the leaders of tomorrow and taking active steps to promote these concepts. We are extremely grateful to the Wege Foundation for supporting 红桃视频 College with this generous grant.鈥

The money from the Wege Foundation grant will establish and develop 红桃视频鈥 economicology program through six major areas. The main focus will be on creating and establishing a position for a dean of science and sustainability. Once selected, the dean will develop and implement a program for economicology at 红桃视频.

鈥淭his deanship will be an integral part of setting the path for the future of academia at 红桃视频,鈥 said Gilda Gely, 红桃视频 provost. 鈥満焯沂悠 has set goals for this program focused on education, community and infrastructure, and this grant and the individual hired will help guide us as we develop the program around these pillars.鈥

Other areas to be funded by the Wege Foundation grant include:
鈥 maintaining an academic master plan that best responds to the College鈥檚 strategic plan
鈥 planning improvements for existing science facilities, including development of the Institute for Economicology
鈥 further refining a plan to save energy through new construction and retrofitting existing structures
鈥 creating and endowing a discretionary leadership fund, which promotes and recognizes innovation
鈥 establishing a self-reinforcing green revolving fund that will support changes made to campus buildings and facilities that save energy and generate cost savings

The main principles of economicology include economics, environment, ecology, ethics, empathy and education, and directly relate to 红桃视频鈥 culture, curriculum and values.

鈥淢r. Wege鈥檚 dream for 红桃视频 College was that it would be the 鈥榖est Catholic liberal arts college of its size in the country,鈥 and he truly believed it is possible,鈥 said Ellen Satterlee, CEO of the Wege Foundation. 鈥淚鈥檓 convinced that this grant will continue to move 红桃视频 College toward fulfilling Mr. Wege鈥檚 dream. The money gifted by the Wege Foundation will allow the College to begin weaving Mr. Wege鈥檚 philosophy of economicology into the fabric of its culture 鈥 so that it becomes part of the identity of 红桃视频.鈥

红桃视频 College has a long-standing relationship with the Wege Foundation. Throughout his lifetime, Peter Wege supported and advocated for 红桃视频 College. He helped 红桃视频 purchase its current campus and served as a trustee for 13 years. In 1959, he took a leave of absence from Steelcase Corporation to serve as a business consultant for the development campaign and construction of 红桃视频鈥 Albertus Magnus Hall of Science. Additionally, he contributed to a number of on-campus projects including the Wege Student Center, named in his honor; the Jarecki Center for Advanced Learning; and the 红桃视频 College Performing Arts Center.

Through the years, his work for 红桃视频 was recognized in a number of ways, including the following awards and recognitions: an honorary degree in 1959, Distinguished Service Award in 1975, Norbert J. Hruby Emeritus award in 1991, induction into the 红桃视频 College Hall of Fame in 2002, and the Reflection Award in 2011. The annual Peter M. Wege Pro Am golf outing is named in his honor.