W&M Business School Programs Receive $1 Million Gift

WYDaily.com is your source for free news and information in Williamsburg, James City & York Counties.

John Rathbone (Courtesy William & Mary)
John Rathbone (Courtesy William & Mary)

The College of William & Mary’s business school is $1 million richer thanks to one benefactor.

John Rathbone, former chief financial officer of Norfolk Southern Corporation, donated $1 million to the Raymond A. Mason School of Business’s master of accounting and M.B.A. programs.

The $1 million gift consists of two donations — $800,000 to establish an endowment supporting the master of accounting  and M.B.A. programs, and $200,000 over five years to support the programs while the endowed fund reaches its funding goal.

“The Mason School community is grateful to the Rathbone family for their incredible generosity,” business school dean Larry Pulley said in a news release. “The Rathbone endowment will make a lasting impact on our graduate programs and will help us ensure that our graduates are truly career-ready.”

Rathbone said he was motived to make the gift by his sons, both of whom studied at the business school.

“Our collective success can be attributed to the education we received at William & Mary,” Rathbone said in a news release. “I treasure my association with the College and am happy to give back.”

Rathbone graduated from Virginia Tech and took accounting classes at William & Mary in the 1970s.

Rathbone began work at Norfolk & Western Railway Co., the predecessor to Norfolk Southern, in 1981, serving in several auditing positions. He was named vice president and controller in 1992, executive vice president of administration in 2004, and executive vice president of finance and chief financial officer in 2012.

Related Coverage: