Hodge Hall: Improved Equipment in the Service of Learning

IU Kelley School of Business
Subhedar Forum, First Floor
Godfrey Graduate Center
Bloomington, Indiana
September 19, 2014

Improved Equipment in The Service of Learning

In dedicating the then-new School of Business Building in 1966, Indiana University’s twelfth president, Elvis J. Stahr, acknowledged the great pleasure taken by members of the university community in the dedication of any new building.

He observed: “On whatever campus the ceremony is performed and whatever the planned use of the building, the cogent significance of the occasion is simply this:  Indiana University can perform its functions more effectively and responsibly to the state and nation through the provision of its new facility. Particularly this is true,” he continued, “in the instance of a new academic building, which frees staff and students from a cramped or obsolete instructional environment and places improved equipment in the service of learning.”1

Hodge Hall: A Magnificent Building for 21st Century Education

When it was dedicated in 1966, the School of Business Building was widely considered to be the finest building for a school of business in the country.

But nearly five decades after its construction, the facility was badly out-of-date. It was an older facility by far than those of any of the Kelley School’s major competitors.

It was also over-crowded. In fact, the Kelley School was turning away hundreds of qualified students each year because we simply had no room for them.

The building’s configuration and room design also limited our ability to incorporate new technologies.

The IU Bloomington Master Plan, approved by the Board of Trustees in 2010, highlighted the pressing need for expansion and renovation of the Kelley School’s undergraduate facility.

The magnificent building we dedicate today incorporates enhanced classroom and collaborative spaces as well as state-of-the-art technologies that will enable our students to more easily connect with top business leaders and companies around the state, nation and world, preparing them for their own successful careers in the global marketplace.

This remarkable facility, made possible through individuals who share the university’s vision of excellence in teaching and research, will enable the Kelley School to maintain its strong international standing, while dramatically transforming the important role Indiana University plays in undergraduate business education.

With the completion of the first phase—the expansion phase of Hodge Hall—work is now well underway on Phase Two—the renovation of the previously existing building—renovation that will upgrade the building’s infrastructure, classrooms, and faculty offices.  Phase Two of Hodge Hall will also be the new home of the Bloomington office of the Indiana Business Research Center, a unit within the Kelley School that provides and interprets economic information needed by the state’s businesses, government and nonprofit organizations, and others across the nation.

James R. Hodge

There is a long list of people to whom we owe enormous debts of gratitude for helping us reach this moment, and, in thanking them, we must, of course, begin with the man for whom this splendid building is named: Jim Hodge.

Jim grew up in Marion, Indiana and graduated from IU with a B.S. in Finance from the Kelley School in 1974.

His career has been one that has served as a model for subsequent generations of Kelley School students.

Before joining the Permal Group, Jim held a number of positions, including as Director of Cost Accounting for the New York Stock Exchange and as the Controller of Bioelectron, Inc., a privately held medical products company.

For decades, he has been deeply committed to serving Indiana University and the Kelley School of Business, not only through philanthropy, but also by sharing his time and expertise as a member of the IU Foundation Board of Directors, as a member of the school’s Dean’s Advisory Council, and as one of the school’s greatest ambassadors.

His extraordinarily generous gift of $15 million to the Kelley School of Business is testament to his belief in the value of a quality business education that gives students the skills they need to succeed and instills in them the values and principles that will guide them in their careers and in their lives.

Jim, on behalf of Indiana University, I would like to once again extend to you our deepest gratitude for your generosity and for your dedicated efforts to help ensure the continued success of the Kelley School of Business.

An Inspiration to Others

Jim’s generosity has, of course, inspired many others to lend their enthusiastic and energetic support to the vision we have for the school’s future.

A number of members of the Seger family are with us today. The Segers have graduated three generations from IU and the Kelley School—and the family made a generous donation of $1.6 million in support of the undergraduate expansion and renovation project.

Generous corporate partners, many of whom are among the top employers of Kelley School graduates, have provided gifts ranging from $100,000 to $1 million.

Alumni chapters and many individual alumni and friends around the world have likewise been inspired to make generous donations.

We are deeply grateful to all of you.

Lilly Endowment’s Invaluable Support

And, of course, the major commitment of $33 million from Lilly Endowment has been instrumental in the expansion and renovation of Hodge Hall.

This exceptionally generous gift from the Lilly Endowment is an affirmation of the outstanding work done by the faculty and staff of the Kelley School as they seek to transform lives, organizations, and communities through education and research.

The endowment’s gift for Hodge Hall is another example of its extraordinarily generous legacy of supporting activities at the university that benefit the people of Indiana and beyond, including its past support for student scholarships, our efforts in genomics and neurosciences, in the arts and humanities, in information technology, in philanthropy, in workforce development, and for the Jacobs School of Music, the Maurer School of Law and our libraries.

On behalf of Indiana University, I express our deepest gratitude to Lilly Endowment through Vice President Sara Cobb. All of us at Indiana University are enormously grateful to you for your unwavering commitment to advancing IU and for your commitment to the people of Indiana.

Additional Thanks

I also want to commend Dan Smith, the former Dean of the Kelley School of Business, who now serves as president and CEO of the Indiana University Foundation. His vision and dedicated efforts were instrumental in all that we celebrate today, as the expansion and renovation of the school’s undergraduate building began under his leadership.

The expanded building has been completed, of course, during the tenure of Dean Idalene Kesner, who continues the Kelley School’s tradition of outstanding leadership.

And I also want to commend Vice President for Capital Planning and Facilities Tom Morrison as well as the many design and construction professionals, both internal and external, who contributed to this project.


At the 1966 dedication of the School of Business Building, Elvis Stahr also reminded his audience that “a college education is an investment with returns of actual economic value to the public even more than to the individual.”2

Today, in dedicating Hodge Hall, we celebrate a facility that will not only ensure that the Kelley School will continue to advance its presence among the world’s elite business schools, but one that will also elevate the role the school plays in the economic vitality of our state, the nation, and the world.

All of us look forward to celebrating the many future accomplishments of the students, faculty, and staff who will learn, teach, and work in this magnificent building.

Source Notes

  1. Remarks of Elvis J. Stahr, Dedication, School of Business Building, delivered November 18, 1966, IU Archives.
  2. Ibid.