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Villanova, PA, December 14, 2016 - The Center for Church Management and Business Ethics (CCMBE) at the Villanova School of Business (VSB) was selected to receive a $750,000 grant from the Lilly Endowment to develop programming to advance priests' financial literacy. CCMBE provides programming to help church leaders be stewards of their resources, respond to the economic needs of their parish and use their facilities effectively, thus building a stronger church.
"It is a true honor to receive The Lilly Endowment, and is a reflection of the unique educational programs we offer church leaders," says Charles Zech, PhD, faculty director, Center for Church Management & Business Ethics, and professor, economics. "Since Pope Francis' desire to overhaul Church finances, our Church Management program has been a leader in providing the proper foundation for economic success within the church. With this funding, we will "train the trainers", that is, work with seminaries to introduce financial literacy into the curriculum,” he continued.
The Lilly Endowment is a private philanthropic foundation that focuses on support for the causes of religion, education and community development. The Endowment affords special emphasis to projects that promote leadership education and financial self-sufficiency in the nonprofit, charitable sector. The Lilly Endowment's initiatives have been designed to identify, recruit and call forth a new generation of talented Christian pastors as they make their transition from theological seminary into the practice of congregational ministry.
The Villanova School of Business (VSB) undergraduate program is ranked #1 in the nation by Bloomberg Businessweek and has been at the forefront of business education since it was founded in 1922. Serving over 2,500 undergraduate and graduate students, VSB is home to six Centers or Institutes of Excellence (the Daniel M. DiLella Center for Real Estate, the Center for Business Analytics, the Center for Global Leadership, the Center for Marketing & Consumer Insights, the Center for Church Management & Business Ethics and the Innovation, Creativity, and Entrepreneurship (ICE) Institute) with each center and institute designed to foster innovative, cross-disciplinary research and teaching opportunities for business faculty. VSB is known for academic rigor; creativity and innovation; hands-on and service learning opportunities; a firm grounding in ethics; and an applied education that prepares students to become outstanding leaders and global citizens within the ever-changing, complex, and fast-paced world of business. For more, visit business.villanova.edu.