The University of New Orleans has received a $60,000 endowment from the Schroeder family to fund accounting scholarships in the College of Business Administration. The Schroeder family has a long history with the University that includes two alumni, R. Harold “Hal” Schroeder and his mother, the late Marlene S. Schroeder. Both graduated from the College of Business Administration with accounting degrees, while Marlene’s husband, the late Ronald H. Schroeder, taught marketing and statistics at UNO, as well as at Tulane and Loyola.
“UNO has generated the highest return of any investment I've ever made and continues to pay dividends decades after graduating,” said Hal Schroeder, on behalf of the Schroeder family and his mother’s estate. “Our family has strong ties to UNO and New Orleans, and we are pleased to begin giving back.”
Schroeder has more than 35 years of experience in investing and financial reporting. He is currently a board member of the Financial Accounting Standards Board (FASB), the independent organization that establishes financial accounting and reporting standards for public and private companies, and not-for-profit organizations.
“We are very grateful for the Schroeder family endowment, which will provide valuable scholarship assistance for future accounting students,” said Philip Harmelink, professor and chair of accounting.