Gift to UMass Amherst Will Be Used to Transform Placement Facilities in Isenberg School

AMHERST, Mass. - The Isenberg School of Management at the University of Massachusetts has received a $250,000 gift from alumnus Irwin M. Chase, Class of ''50, of Longmeadow, and his wife, Rona, to be used for new placement facilities, according to Thomas O''Brien, dean of the school.

According to O''Brien, the new placement center will include an administrative office and spacious interview rooms. It will be housed in the Isenberg School''s new $12 million high-technology wing, which is due to open in May 2002.

Chase, who is senior vice president for investments at Advest Inc., in Springfield, said: "Decades ago I got a very useful business education as a School of Management student. In my senior year, however, I was pretty much on my own in approaching the job market."

O''Brien said that with support from Chase and others, the school''s placement facilities have improved markedly during the last two decades. Last year, the placement office helped more than 40 percent of the school''s seniors to obtain jobs, more than double the national average for placement offices at business schools.

According to O''Brien, with the fast-approaching prospect of a new building wing that will house state-of-the-art classrooms, a student center, and other student services, the Chases "responded decisively."

Chase said: "We''ve focused our support on placement for years. The new wing gives us a great opportunity to extend what we''ve already been doing."