"At The U, we believe a welcoming environment allows students the opportunity to grow and learn. In today's marketplace, that means providing the highest quality, most reliable, contemporary, ethical, cost-effective, integrated technology-based education possible," said Mike Keller, dean of the business school.
"The School of Business is proud to have Miles Beacom's name for the business school program because his business practices and personal actions mirror our educational objectives. Beacom is a visionary in business and a strong role model. I hope all of our graduates emulate Miles' business success and dedication to community service in South Dakota," added Keller.
A resident of Sioux Falls, Beacom has been with PREMIER Bankcard for the past 14 years and with the credit card industry for 25 years. The Bankcard operation's first employee, Beacom now serves as president and chief executive officer and is responsible for overall direction, development, profitability and soundness of PREMIER Bankcard.
Among his many civic activities, Beacom serves on the board of directors of First PREMIER Bank and PREMIER Bankcard, Inc. as well as the boards of Interlakes Community Action, Inc., Sioux Falls Catholic School Foundation, Dakota State University Foundation, Sioux Falls Area Community Foundation, Sioux Falls Chamber of Commerce, United National Corporation Reinsurance Company and the Sanford Foundation. Beacom is also a member of the South Dakota Banker's Association.
After presenting an anonymous gift of $5 million toward the new School of Business at The University of South Dakota in December of 2005, T. Denny Sanford, founder and owner of First PREMIER Bank, recently agreed to come forward as the donor of the gift and provided the suggestion leading to the Beacom School of Business name. Working with Beacom for 14 years at PREMIER Bank-card, Sanford provided the naming suggestion in recognition of Beacom's national success in business and for providing an extraordinary example for young South Dakotans desiring to succeed in business in their home state.
The USD Foundation continues to seek additional donations for construction of the new building; however, the foundation has already guaranteed $13 million for the private portion of the funds needed to construct the $16 million building. The remaining funds needed for the construction are being supplied through the Board of Regents Higher Education Facilities Funds (HEFF).