Helping the next generation forge their best path forward

Feb 23, 2023

Sammons Financial Group

Drake is where it all started for many employees at Sammons Financial Group®, including Chairman & Chief Executive Officer Esfand Dinshaw. Now the company is investing in the next generation through an innovative partnership with Drake.

Sammons recently committed $3.15 million to Drake to support the development of the Sammons Intercultural Center and Sammons Plaza, along with support for two scholarship funds that will create a total of 14 endowed scholarships.

“As a financial services leader in the Des Moines area, it is incumbent upon our company to do all we can to invest in the next generation of business leaders,” said Dinshaw, BN’82.

Drake will use $1.75 million of Sammons’ gift to renovate and revitalize one of its most beautiful and historic buildings—Morehouse Hall. The 1930s building will be transformed from a classic residence hall to a dynamic student center that will include Drake’s first dedicated intercultural space.

The Sammons Intercultural Center will have 2,700 square feet dedicated to celebrating diversity through student-centric community programming. A portion of the company’s gift will also support the creation of a student-centered community outdoor area to be known as Sammons Plaza. The plaza will be a place for the Drake community to gather and build relationships that are central to the university experience.

“We are proud to help support the creation of a dedicated space for the campus’ many multicultural organizations, which is centered around workforce development, D&I initiatives, and increasing community and campus engagement.” said Esfand.

Sammons will use the remaining $1.4 million of its gift to advance two scholarship programs that will create a total of 14 endowed scholarships—the Sammons Financial Group Changemaker Scholarship and the Sammons Financial Group Inclusive Scholars of Digital Proficiency Scholarship.

“We are incredibly grateful to have such strong relationships with central Iowa businesses like Sammons Financial Group who share in our belief that together we transform lives and strengthen communities,” said Drake University President Marty Martin. “This gift will help to develop the next generation of purpose-driven, ethical leaders who go forth to be The Ones to make a positive difference in the world.”

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