Ohio State University students kicks in $5M for study abroad scholarships

Another of Ohio State University own is contributing to a $2.5 billion fundraising campaign that is expected to enter its public phase next year.Ohio State’s foundation director Keith Monda, former president and COO of New York-based Coach Inc.NYSE: COH, and his wife, Linda, are kicking in $5 million for endowed study abroad scholarships, the university said Wednesday.

The endowment is expected to provide 50 students a year in the College of Arts and Sciences with scholarships that average $6,000 toward an international study program, the university said. The average study abroad program costs between $5,000 and $7,000, according to a press release.Ohio State gave me the disciplined, analytical thinking skills to solve complex business problems, said Monda, an OSU alumnus.If you learn how to think about things in the proper manner, you will use those skills throughout your career.

Ohio State has been in quiet phase of a $2.5 billion fundraising campaign since the spring, but the university’s senior vice president for development, Jeff Kaplan, said at a board of trustees meeting that the campaign likely will go public next year.At a September board meeting, the university said it raised nearly $408 million, including a $100 million gift from trustees chairman and Limited Brands Inc.