ORANGE : Chapman Gets Grant for Business Chair

Chapman University has received a $1.5-million grant to endow a chair in international business and economics, officials announced Monday. The grant is the largest foundation award ever received by the university.

The grant, donated by the Los Angeles-based Fletcher Jones Foundation, will pay the salary and research expenses of a professor, who will be selected by the fall of 1995 after an international search, according to Richard McDowell, dean of Chapman’s School of Business and Economics.

“The conditions in international business are rapidly changing and we hope that this person will help bring those changes not only to students but to the Orange County community,” he said.

The Fletcher Jones Foundation was established in 1969 by the will of the late Fletcher Jones, a financial wizard who co-founded Computer Sciences Corp., one of the world’s largest computer firms. The foundation awards grants to independent universities and colleges in California.

The Fletcher Jones Chair in International Business and Economics is the university’s second endowment established this academic year. Last December, Chapman received $384,400 from a former university professor, the late Paul Delp, to establish an endowment for peace studies.