WHEELING, WV, May 24, 2011 -- Wheeling Jesuit University received the sixth annual installment of a $700,000 gift as part of BB&T's ongoing commitment to the study of economics and the importance of capitalism. The gift supports the Institute for the Study of Capitalism and Morality (ISCM) and is being paid out over seven years.

"We are very pleased to accept this generous gift that continues to support our outstanding business education experience here at Wheeling Jesuit," said President Richard A. Beyer. "Since 2006 our students have benefited from the fine speakers who have visited our campus annually due to BB&T's generosity. This thoughtful examination of various theories and discussion prepare our students for a successful and rewarding life after graduation." (Left-to-right, President Beyer is shown accepting check from BB&T Vice President Mato Kreto.)

The most recent speaker in the series was retired BB&T Chief Executive Officer John Allison.

Founded in the spring of 2006 as a result of this major gift from the BB&T Charitable Foundation, Wheeling Jesuit’s ISCM is dedicated to an examination of capitalism and the promotion of an in-depth examination of a free society. The ISCM sponsors an annual series of programs, including lectures, seminars and undergraduate courses, to advance its mission of providing a deeper understanding of the moral, legal and economic foundations of such a society.

It supports the growth and development of teaching and research while establishing a forum for differing opinions to promote an appreciation of the concept, operation and effects of a Capitalistic system by engaging students and the community in programs and activities designed to stimulate discussion of these important topics.

For more information on the ISCM, please call 304-243-2087.