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Wednesday, August 27, 2003
 
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Gift from dental business pioneer honors Ohio University faculty

ATHENS, Ohio (Jan. 10, 2006) -- A recent $100,000 gift to Ohio University from Dr. Stanley Williams, DDS, of Sarasota, Fla., will pay tribute to retired Professor of Business Kahandas Nandola and Professor of Economics Rajindar Koshal - faculty who influenced Williams while he worked toward an Executive MBA (EMBA) at Ohio in 1979.

Williams credits the real-world feedback he received from these and other Ohio University professors with empowering him to become a successful businessman and entrepreneur. His success and personal philanthropic interests led to his donating $50,000 to the Kahandas Nandola Professor of Business Administration in honor of Nandola, the EMBA program's founder, and $50,000 to the Friends of India Endowment, which was founded by Koshal in 1986 to develop a better understanding between the United States and India.

"In 1977 when we were recruiting our very first EMBA class it was extremely rare for a practicing professional, such as a physician or dentist, to seek admission," said Nandola. "Dr. Williams was a pioneer in that sense. He definitely believed the EMBA would help him in his profession. I believe he benefited a great deal from his EMBA experience as evidenced by the success he enjoyed. He was able to switch careers, reflecting his vision and his passion for what he believed in."

Williams began his solo dental practice in 1968 and built a large dental center, which he sold in 1984. Even in his dental career, he began applying progressive business principals to evolve his practice into a thriving, profitable dental business. He went on to develop several townhouses and large single-family homes in Maryland, and to managing various private equity investments. Community banks have been a successful portfolio holding for Williams and he is a founding director of SunCoast Bancorp, Inc., the holding company for SunCoast Bank in Sarasota.

The Ohio University Foundation is the repository for all private gifts through annual giving programs, capital, and special campaigns and planned or deferred gifts. The Foundation is an institutionally related, non-profit, tax-exempt, 501c(3) organization.

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Media Contact: Jack Barr, (740) 597-1434 or barrj1@ohio.edu

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