Eastern Michigan University
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Rick Neu Makes Major Gift to Support Scholarship

Published February 20, 2013

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Richard Neu

Richard Neu

When it comes to alumni support, Rick Neu (BS77) is leading by example. Neu, a successful businessman, recently established an endowed scholarship that not only expresses his appreciation for the "solid educational foundation" he received at Eastern Michigan University, it paves the way for other students to follow in his footsteps.

"The scholarship is my way of saying thanks to EMU for providing an excellent education and a flexible class calendar that accommodated my full-time job," said Neu, who received a bachelor's degree in business administration, with an accounting major, in 1977.

Eastern's law classes also helped him prepare for the law portion of the CPA exam, said Neu, a Certified Public Accountant who serves as chairman of the board for MCG Capital Corp. The VA-based commercial finance company offers capital and advisory services to middle-market companies throughout the U.S.  He also serves on the Board of Directors for Huntington Bancshares, an OH-based American bank holding company.

The Neu Scholarship Endowment is based on a $100,000 contribution that provides tuition funding in support of $4,000 once a year to qualifying undergraduate students admitted to the College of Business.  The scholarship is limited to graduates of Salem High School (Plymouth Canton Schools), the alma mater of both Neu and his wife, Cherie.

"It's important to give back so others can benefit from the same opportunities," he said, adding that giving back can take many forms, from mentorship to volunteer work.

Tom Stevick, vice president for advancement and executive director of the EMU Foundation, agreed. "Alumni support is extremely important to the viability and sustainability of EMU's programs," Stevick said.

"In fact, it's a leading factor in taking a good program and making it great. Each year we receive funds to sustain our programs through the costs of tuition and through state assistance," Stevick said. "But gifts such as the one from Richard take our programs from sustainable to transformational."

For more information on how your financial support can help transform programs and create scholarship opportunities at Eastern, please contact the EMU Foundation at (734) 484-1322.

College of Business
473 Gary Owen Building
300 W. Michigan Ave.
Ypsilanti, Michigan 48197

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