The University of Louisville’s College of Business will use a $3 million gift from Corbin entrepreneurs Terry and Marion Forcht to create the Forcht Center for Entrepreneurship and expand the college’s nationally ranked entrepreneurship programs.
The Forchts’ legacy gift is among the largest ever received by the College of Business.
Forcht, a 1959 graduate of the college, has created or acquired nearly 100 businesses during his 40-year career. He is founder and CEO of Forcht Bank, N.A., one of the largest bank groups in Kentucky. He is also CEO of the Forcht Group of Kentucky, an umbrella organization for 94 separate companies with more than 2,100 employees. His wife, Marion, is a 1959 graduate of the UofL College of Arts and Sciences and a businesswoman and civic leader.
“A gift of this magnitude recognizes our accomplishments and launches our programs to the next level,” said Charlie Moyer, dean of the College of Business.
“As a visionary entrepreneur, Terry Forcht also brings inspiration and a wealth of intellectual capital to our efforts.” In little more than a decade, the College of Business entrepreneurship program has risen from start-up to national acclaim.
Last year it became the highest ranked academic program ever at UofL, and most recently it was named one of the Top 25 graduate programs in the U.S. by Entrepreneur Magazine and The Princeton Review.
Moyer said in establishing the Forcht Center for Entrepreneurship, the college will expand student exposure to entrepreneurial opportunities, host forums and speakers of national significance, celebrate the success of entrepreneurial graduates and expand partnerships with regional economic development interests.