Thank you to all who accepted the HBM Holdings $150,000 Eliot Society Challenge, established by Olin friend and supporter Mike DeCola. DeCola is president and CEO of HBM Holdings, an investment and management company that acquires, supports and operates middle-market businesses in industrial products and services.
Thanks to each of you and to Mr. DeCola, we were able to surpass our calendar year-end Eliot Society membership goal!
The challenge, which gave donors the opportunity to double, or even triple, the impact of a gift in support of Olin’s Annual Fund, ran throughout December. Gifts from both renewing and new Eliot Society members were matched one-to-one and multi-year pledges and increased gifts were matched two-to-one. Our friends and alumni were inspired by this generous challenge grant, and a total of 330 Eliot Society members made their gift during the three week challenge – an amazing outcome!
Mike DeCola engages regularly with Olin students and also sponsors annual and endowed scholarships for Olin MBA students. When asked why he has been an avid supporter, he says, “Washington University and the Olin Business School attract some of the brightest young minds in the world to St. Louis and play a vital role in the overall quality of life of our region. The students who attend Olin benefit from some of the best faculty in the world, shaping them into the kind of business leaders we need to run our organizations. We are committed to remaining an important partner for the Olin Business School.”
Everyone at Olin remains grateful for the continued support of Mike DeCola and HBM Holdings. We are proud to call him a loyal friend and ambassador.