On the heels of announcing the largest gift in American University’s Kogod School of Business history from Arlene and Robert Kogod, the Kogod School received another substantial gift which will expand opportunities for aspiring entrepreneurs through experiential learning, pitch competitions, and an enhanced incubator program for AU students and alumni. The gift from the Veloric family, including alumnus Gary Veloric (Kogod/BSBA ’82), furthers the momentum of Change Can’t Wait: The Campaign for American University. In recognition of this gift, American University will rename the American University Center for Innovation (AUCI) the Veloric Center for Entrepreneurship. The past year has represented the best year for philanthropic support for the Kogod School of Business in the school’s history.
In making the gift, Gary Veloric said, “The education and experience I received at American University’s Kogod School of Business helped nourish the entrepreneurial mindset that runs deep within my family’s DNA. As a four-generation family of entrepreneurs, my family and I are thrilled to support the next generation of business leaders at AU.”