Delaware News

OWU alumnus endows fund for Woltemade Center

Friday June 7, 2013 8:37 PM

Louis A. Simpson, a 1958 Ohio Wesleyan University graduate, has contributed $2 million to OWU's Woltemade Center for Economics, Business and Entrepreneurship.

Simpson managed the portfolio for GEICO, a subsidiary of Berkshire Hathaway Inc., for more than 30 years before founding his own investment-advisory firm, SQ Advisors LLC.

An economics and accounting major at Ohio Wesleyan, Simpson also earned a master's degree from Princeton University.

The gift creates the Louis A. Simpson '58 Endowed Faculty Director of The Woltemade Center for Economics, Business and Entrepreneurship. Simpson was quoted in an OWU news release as saying the university's economics program gave him "a solid grounding to pursue a career in investments."

The Woltemade Center, named in honor of the late Uwe J. Woltemade, an economics faculty member from 1965 to 1995, was established in 1985 to enhance teaching, learning, research and community service. Its primary focus is on the Department of Economics and the fields of economics, finance, marketing, management, entrepreneurship, accounting and international business.

Simpson's endowment provides permanent support to endow the faculty director of the center, who also is a senior member of the economics faculty.

The current director is Alice E. Simon, who came to OWU in 1985.