LOGAN, UT, October 2, 2013 – Utah State University alumnus Jeffrey Clark and his wife, Bonnie Clark, have provided a $6 million leadership gift to help establish the Jeffrey D. Clark Center for Entrepreneurship in the Jon M. Huntsman School of Business at USU. Jeff is a pioneering entrepreneur in the financial industry, having cofounded one of the first “fund of hedge funds” in the United States, Genesee Partners, in 1985. He went on to found his own firm, Praesideo Asset Management, in 1991.
The endowment will fund programs that foster entrepreneurial success among Utah State students from across campus and from the distance campuses around the state, as well as among Cache Valley citizens. It also will fund headquarters offices in the soon-to-be-built Huntsman Hall. An additional pledge of $4 million is being sought to complete the funding for the Entrepreneurship Center.