Foster Farms hands out wad of cash to local university

The state's institutions of higher education may not be facing the best financial future with state budget cuts, but a local institution just got a little help from Foster Farms.

The chicken company has given $500,000 to CSU Stanislaus to fund The Foster Farms Endowed Chair in Business Economics.

The new chair holder, according to the school's press release on the donation, will "engage in economic forecasting for the region and help business leaders, investors, and citizens make informed decisions based on a thorough understanding of the current economic environment. Research conducted by the endowed chair will also measure the fiscal impact CSU Stanislaus has on the Central Valley."

The endowment will fund a full time professor who will teach classes and conduct research.

According to the press release, "This is the third endowed chair at CSU Stanislaus, with the first granted in 2002 in agricultural studies and the second earlier this year in education. Endowed professorships represent a long-term private investment in the future of the University."