Frederick, Maryland – BB&T Bank recently presented its annual contribution of $50,000 to Mount St. Mary’s University’s Bolte School of Business, in support of the Mount’s BB&T Center for the Study of the Moral Foundations of Capitalism. 

“BB&T is proud to be partnering with the Mount and we are excited about the coming year for the BB&T Center for the Study of the Moral Foundations of Capitalism. The Mount is committed to addressing social challenges and they have a history of strong leadership and social responsibility,” said Robert L. Tuggle, senior vice president at BB&T.

Founded in 2010 with a 10-year $500,000 grant from the BB&T Charitable Foundation, the BB&T Center coordinates academic programs and community outreach initiatives on topics related to the moral foundations of capitalism, markets and morality, business ethics, and the appropriate role of government in economic activity. The Center advances current dialogue in business ethics, the role of the public sector in a capitalist economy, and the vibrancy of free market capitalism and promotes student, faculty, community, and corporate discussions about the political, social and economic strengths and challenges inherent in capitalism.

The donation was received by Karl Einolf, Ph.D., dean of the Bolte School of Business; John Larrivee, Ph.D., associate professor of economics; and Robert Brennan, vice president of advancement. 

“We are grateful to have BB&T’s support of our academic business programs. We share a common vision with BB&T to make the communities in which we operate better places to be. Our partnership allows us to improve the ways we educate students and prepare leaders for the challenges and opportunities they will face in the future,” Einolf said.

"Larrivee has been named to the honorary post of BB&T Scholar. He will serve a three-year renewable term and will work with Einolf and the Bolte School on the planning and implementation of events associated with the BB&T Center. He replaces Business Lecturer Sandra Sjoberg, who was appointed in 2012.

We are excited about John’s appointment and look forward to his leadership as the Mount’s BB&T Scholar,” said Einolf. “We would also like thank Sandra for her exemplary work in developing and coordinating many new academic programs and activities for the Center and significantly increasing the Center's outreach both on campus and in the Frederick business community.”

Visit for more information about the Center and its programs.