Category Archives: Endowed Professorships

David House—Leading Tech’s Strategic Initiatives

David House
David House
Saratoga, California

Gift Designation
Endowed Professorships
Other Strategic Objectives

Type of Gift
Cash Gifts/Pledge

David House made a $10-million pledge to Michigan Tech’s national campaign. With most of the contribution to come during his lifetime, including two endowed professorships established recently, it is the largest outright gift ever received by Michigan Tech.

David is the volunteer chair of the University’s national fundraising campaign. His giving will support Michigan Tech’s strategic objective of becoming a world-class public research university. He said, “Increasing complexity in every field has driven the need for more advanced degrees, and Michigan Tech must meet that need. A well executed strategic plan will attract and retain the best faculty needed to propel Michigan Tech nationally into the top quadrant and better prepare tomorrow’s students for tomorrow’s world.”

David earned a BS in Electrical Engineering at Michigan Tech in 1965 and was a longtime Intel executive. He currently is chairman of Brocade Communication Systems of San Jose, California.

For more information on the wide range of options to support Michigan Tech, contact the Office of Gift Planning.


John and Cathi Drake—Attracting Top Scholars and Researchers

John and Cathi Drake

John and Cathi Drake

Warren, Ohio
Hancock, Michigan

Gift Designation

Endowed Professorship Mechanical Engineering

Type of Gift

Bequest
Cash Gifts

John and Cathi Drake have endowed a professorship in their name within the Department of Mechanical Engineering–Engineering Mechanics. They provide for a $1 million endowment through their will; in the meantime, they support the position with annual gifts to fund research by the Drake Professor.

John earned a bachelor’s degree in mechanical engineering in 1964 and a master’s degree in business administration in 1969. “Nobody was better prepared to understand and solve problems than Tech grads were,” he says. “We competed with engineers from around the world and beat them to a standstill.”

The couple founded Drake Manufacturing Services in Warren, Ohio, in 1972. The firm specializes in computer-controlled industrial equipment. “I had the self-confidence that was needed to survive the ups and downs of a technology-based start-up,” he says. Cathi managed the front office and helped maintain communications with employees. “She was a big help in hard times because she was seeing the problems first-hand,” he recalls.

Their management team bought the business from John and Cathi in 2007, and the ME-EM endowment was established later that year. “It was time to give back,” John says.

“We gave our two daughters strong values and the wings to fly on their own,” he says. “Fortunately for us, they are both enjoying successful careers, leaving some room in our estate plan to think of others.”

The Drakes’ stewardship for Michigan Tech is based on trust as well as loyalty. “As a donor, you need to believe it’s all worthwhile,” John says. “We are comfortable with Tech’s mission and vision. That makes it easy for us to support the school, and since Tech played such a big role in our success, it is a no-brainer to help the new generation.”

For more information on the wide range of options to support Michigan Tech, contact the Office of Gift Planning.


Advancing Sustainability through Endowed Chairs—Richard and Bonnie Robbins

Photo of Richard and Bonnie Robbins
Richard and Bonnie Robbins
Seattle, Washington

Gift Designation
Endowed Chairs
Sustainability

Type of Gift
Charitable Remainder Trust
Appreciated Securities

Richard and Bonnie Robbins created the Robbins Chairs of Sustainability, which include a Chair in Sustainable Manufacturing and Design, a Chair in Sustainable Use of Materials, and a Chair in Sustainable Management of the Environment.

A total of $6 million has been committed through their charitable remainder trust that will ultimately come to Michigan Tech to fund the primary endowment for the chairs. In the interim, they are supporting the three chairs with a yearly $60,000 payment to be provided through their existing $700,000 Robbins Fund at the Michigan Tech Fund.

Richard graduated from Michigan Tech in 1956 with a BS in Mechanical Engineering. In 1958, he joined the Robbins Company and assumed leadership of the firm when his father died three months later. The company’s string of records in tunnel-boring technology includes the boring of the “chunnel,” the three huge tunnels under the English Channel.

Establishing the Robbins Chairs in Sustainability was a natural fit, Richard said. “My wife and I both consider ourselves environmentalists, and we also support sustainability.”

For more information on the wide range of options to support Michigan Tech, contact the Office of Gift Planning.