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News Release

Date: July 7, 2008
Media Contact: Elizabeth Homan, 240-567-7970 (Montgomery College) or Bethany Sherman, 212-401-8714 (NASDAQ OMX)

Montgomery College Secures $400,000 Grant for Business Student Scholarships
NASDAQ OMX Educational Foundation’s Gift to Support Students in College’s Macklin Business Institute Honors Program

Montgomery College recently secured a two-year grant totaling $400,000 from The NASDAQ OMX Educational Foundation to create an endowed scholarship fund for students participating in the Gordon and Marilyn Macklin Business Institute Honors Program at Montgomery College. This is the foundation’s first grant to a community college business program.

The NASDAQ OMX Educational Foundation donated the grant in memory of Gordon Macklin, the former president of the National Association of Securities Dealers (NASD) and founder of The NASDAQ Stock Market, who passed away in 2007. Macklin’s own generosity helped start the Macklin Business Institute Honors Program at Montgomery College. Originally a one-year program for sophomore students, the Macklin Business Institute Honors Program will expand this fall to also include a two-year program for recent high school graduates who attend Montgomery College.  

The Macklin Business Institute at Montgomery College provides an innovative, high-quality business honors-level educational program to the College’s top business students. The program features honors coursework, internships, seminars, a student-run business, community service opportunities and scholarship support. More than 130 students have graduated from the program and transferred to some of the country’s top four-year universities, including Columbia University, New York University, Georgetown University and the University of Maryland

“This new partnership between The NASDAQ OMX Educational Foundation and Montgomery College to support future business leaders is a wonderful way to celebrate Gordon Macklin’s significant contributions to the financial industry and to Montgomery College,” said Dr. Brian K. Johnson, president of Montgomery College. “The students in the Macklin Business Institute Honors Program will continue his legacy for generations to come.”

Established in 1994, The NASDAQ OMX Educational Foundation, Inc. is a nonprofit organization that receives its financial contributions from The NASDAQ OMX Group, Inc, the world’s largest exchange company. The NASDAQ OMX Educational Foundation, Inc. promotes learning about capital formation, financial markets and entrepreneurship through innovative educational programs.

For more information about the Macklin Business Institute at Montgomery College, contact Stephen Lang, program director, at 240-567-1707 or visit http://www.montgomerycollege.edu/macklin/.

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Montgomery College is a public, open admissions community college with campuses in Germantown, Rockville, and Takoma Park/Silver Spring, plus workforce development/continuing education centers and off-site programs throughout Montgomery County, Md. The College serves nearly 60,000 students a year, through both credit and noncredit programs, in more than 100 areas of study.

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