March 11, 2002 Vol. VI, No. 12

Countrywide Gift Creates Endowed Finance Professorship

Countrywide Credit Industries, best known for its subsidiary Countrywide Home Loans, has donated $300,000 to Cal State Northridge for the creation of an endowed professorship in the Department of Finance, Real Estate and Insurance.

The donation by Countrywide, the nation's leading independent residential mortgage lender, will create the first endowed professorship in the College of Business and Economics. Payable over five years, the donation will help the Finance Department recruit and retain top faculty, enhance an existing program and/or attract distinguished visiting scholars.

The Calabasas-based company has many Cal State Northridge business alumni among its executives, including Stanford Kurland, executive managing director and chief operating officer for the parent company, and president and chief executive officer for its main home loans subsidiary.

"Assisting in the creation of the endowed professorship at CSUN aptly coincides with Countrywide's ongoing community involvement and active philanthropic efforts," said Anne McCallion, Countrywide's managing director and chief administrative officer.

Judy Knudson, Northridge vice president for university advancement, called Countrywide's gift a wonderful partnership that will benefit both organizations and particularly the university's students.

"It provides a wonderful opportunity for the university to enhance educational opportunities in the Department of Finance, while continuing to cement our efforts to reach out to the community," Knudson said.

William Jennings, chair of the Finance, Real Estate and Insurance Department, said faculty members are looking forward to the creation of the Countrywide Endowed Professorship in Finance and Real Estate.

"Everyone in the department is very, very excited about the endowed professorship and to be working with Countrywide," Jennings said.

Founded in 1969, Countrywide Credit Industries, Inc. (NYSE), is a member of the S&P 500 and Forbes 500. The company provides consumer and business-to-business financial products and services in domestic and international markets.

The company is headquartered in Calabasas ( and has more than 15,000 employees spread among more than 550 offices.

Northridge's College of Business and Economics, the university's largest college, serves more than 5,700 undergraduate and graduate students, and is one of the 10 largest undergraduate business programs in the U.S.

@csun | March 11, 2002 issue
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