The interim president of Suffolk University yesterday said one of his goals will be to grow the school's endowment so that more financially strapped students can attend.
Norman R. Smith, whose unanimous appointment yesterday by the Board of Trustees takes effect Monday, told the Herald he hopes to establish a major donor-cultivation program so that Suffolk's endowment, like Harvard's, will one day be large enough to enable the university to admit qualified students, regardless of their ability to pay.
"A lot of students just can't afford private colleges," Smith said, adding that what Harvard does "is wonderful, but you have to have a large endowment to do that. It's not something I can do in a year. But Suffolk is lucky to be in one of the most exciting cities in the world, and there's wealth here."
Smith, formerly the president of Dowling College in New York and a member of the inaugural management team at Harvard's John F. Kennedy School of Government in 1984, said he also hopes to raise Suffolk's visibility.
"I want to raise awareness of the progress Suffolk has made in becoming a substantial, multi-facted university," he said. "I don't think a lot of people beyond Suffolk realize that."
Smith comes to the school widely praised for his turnaround of Wagner College, which Suffolk called "one of the greatest college transformations in the history of American higher education."
Andrew Meyer, chairman of the board of trustees, called Smith an "outstanding leader with a proven record of success at helping universities reach their potential."
Smith will replace James McCarthy, who is leaving "to pursue consulting and business opportunities," the school said.
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