DSU’s Investment Club will get $5,000 annually to invest in stocks as part of the donation.
The students in Delaware State University’s Investment Club are getting $150,100 to put into the stock market.
Part of DSU’s College of Business, the club’s newfound pot of investment money comes courtesy of a $125,000 pledge from the Graham Family Sustainable Investment Fund and a $25,100 donation from the Markel Corporation.
The Graham Family Sustainable Investment Fund was established by Tom S. Gayner, who is also the chief executive officer of Markel.
Dr. Michael Casson, Dean of the College of Business, said these recent gifts grants its students a tremendous learning opportunity.
“This financial support provides an innovative vehicle for students to learn the techniques and benefits of long-term investment strategies,” said Michael Casson, dean of the College of Business, “and ultimately apply this knowledge to advance the growth of the College of Business’ endowment.”
Over the next 25 years, the club will receive $5,000 annually for purchasing stocks.
Gayner visited DSU Oct. 11 to watch a club event in which members presented the stocks that they have decided to purchase and explained the rational that led them to invest in those companies.
The club has 43 student members, according to Greg Coverdale, who helps supervise the club and is the director of
financial planning programs at DSU’s Financial Literacy Institute.
For the first year of this investment initiative, the students have invested in the following stocks: Boston Scientific, Exxon Mobil and Texas Instruments.
“They wanted to use a mix and they wanted to find stocks that were growth oriented, as well as value oriented,” Coverdale said. “They were trying to pick long-term picks and they’re used to short term trading, so it was good learning a different strategy and also just having fun with it.”
Raised in Doylestown, Pennsylvania, Jarek earned a B.A. in journalism and a B.A. in political science from Temple University in 2021. After running CNN’s Michael Smerconish’s YouTube channel, Jarek became a reporter for the Bucks County Herald before joining Delaware LIVE News.
Jarek can be reached by email at [email protected] or by phone at (215) 450-9982. Follow him on Twitter @jarekrutz
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