Demand is up in the Department of Economics at the University of Wisconsin-Madison.
Students are flocking to study economics like never before – six years ago there were roughly 300 declared economics undergraduate majors. Last spring that number grew to more than 1,000.
Todd Warnock, BA’83, wanted to make sure that economics students today have access to the same outstanding professors he experienced as an economics major more than 30 years ago.
Warnock and his wife Liz recently established the Todd E. and Elizabeth H. Warnock Chair in Economics to help the department support top faculty and ensure a quality economics education for future generations of Badgers. Their gift was also matched by additional donors to the department.
“Todd has been a wonderful friend to the Department of Economics for many years. In addition to his remarkable financial support, he has served as a mentor for our students and helped grow our alumni outreach efforts,” said Letters & Science Dean John Karl Scholz. “I am grateful for his and Liz’s generosity in making this outstanding gift for a new chair, which will help the department recruit and retain preeminent faculty.”
Warnock and wife Elizabeth (Liz) are excited about the opportunity to give back to the university and the department.
“The Economics Department played a critical role in my intellectual development and also helped me secure my first job out of college at the Federal Reserve Board in Washington, D.C.," Todd Warnock said. "These experiences were foundational to my career in business and life beyond. We hope our gift and engagement with the University can serve as catalysts for UW alumni and undergraduates in the future.”
Warnock has been active alumni volunteer and voice on campus. He is chairman emeritus of the UW-Madison Economics Department Advisory Board, having founded the Board over eight years ago, and is a former member of the UW Foundation Board of Directors.
He is Founding Partner and Senior Advisor at Roundtable Healthcare Partners, a private equity firm. In addition to his degree from UW-Madison, he has an MBA from the University of Chicago Booth School of Business and serves on the Council on Chicago Booth. Todd and Liz have two children, son Marshall (“Motts”), age 19 and daughter Janie, age 21. The Warnocks reside in Teton Village, Wyoming; Winnetka, Illinois and Dornoch, Scotland.