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CBA Foundation Board members are: • CBA Foundation President Kenneth McCarter, '70, retired vice president of Chrysler Union Relations and Security Operations • CBA Foundation Chairman Ira Kreft, '77, managing director and region manager of RBS Business Capital • CBA Foundation Treasurer Charles "Chuck" Crespy, dean College of Business Administration • CBA Foundation Secretary Thomas Weirich, faculty member School of Accounting Strengthening the Invest in the College of Business Administration. And they will invest in future business leaders. The College of Business Administration recently began The CBA Foundation, which will act as a learning opportunity and a funding opportunity for business students. "Our goal as a College is to teach money management and to advance free enterprise, " says Senior Associate Dean Dan Vetter, noting that there is currently $100,000 seed money in the Foundation's account. "The goal of the Foundation is to raise enough money so that CBA can create its own laboratory for our students. " The Foundation was started in early 2011 and there are plans to get an auditing class and fi nance classes involved in 2012. Vetter says fi nance students –in consultation with faculty – will manage Foundation funds. And accounting students – also working with Foundation faculty – will do shadow audits of the books, write procedures and policies for cash disbursement, and oversee the entire operation. In the future, goals for the Foundation may include taking equity positions in the New Venture Competition winners, advancing the real estate program and fostering special experiences for CBA students – like internships, study aboard opportunities, or national competitions and conferences. "This is the perfect time to begin the CBA Foundation because Michigan is on the verge of coming out of a challenging time, Vetter says. "This college is investing in our students and their businesses and that is what is going to change the face of Michigan." "

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