CAMDEN - Three South Jersey brothers, all Rutgers alumni, contributed $1 million in honor of their father to create a center in accounting education and practice to open in 2014.
Daniel Jr., Dean, and David Ragone made the gift through their family foundation in recognition of their father, Daniel J. Ragone, a longtime community business leader in South Jersey.
The Daniel J. Ragone Center for Excellence in Accounting will be constructed at the Rutgers School of Business-Camden, where accounting is the largest major.
The business school recently launched a graduate-degree program serving working professionals in the field of accounting and plans to soon launch a second master's program in taxation, dean Jaishankar Ganesh said.
The gift also will allow Rutgers-Camden to develop seminars to help current accountants keep abreast of new industry practices.
"The Ragone family gift will expand our innovative and practical approach to accounting education and enable practitioners, faculty, and students to collaborate and learn from one another," Ganesh said in a statement.