President Mark D. Gearan sees the Melly Institute as a catalyst for a new era at Hobart and William Smith — one that builds on the momentum of three centuries of commitment to the liberal arts educational model. Through the Melly Institute, HWS is expanding its signature strengths: ever-advancing curriculum, immersive faculty mentorship, personalized career coaching, guaranteed internships, robust professional communities and unprecedented access to industry leaders.
Longtime Trustee L. Thomas Melly '52, L.H.D. '02 was a Wall Street icon, a leader and proud graduate of Hobart and William Smith. His vision launched The Melly Institute for Business, Innovation and Leadership to prepare a new generation of bold thinkers and trailblazers.
An Integrated Approach
In 2025, when HWS announced the landmark $70 million gift from Tom and his wife Judith Hershey Melly L.H.D. '16, the campus reaction was immediate and unmistakable: surprise, awe and a dawning realization that HWS had opened a new chapter marked not just by philanthropy on an historic scale, but by a transformative vision for how a liberal arts institution can shape students' lives over the next century.
The Mellys' intent was not simply to invest in infrastructure or endowment, but to create a new center of gravity for experiential learning — a place where students would not only study ideas but apply them in real time to solve problems, launch ventures and advance careers.
Through the Melly Institute, two new faculty positions — one in marketing and one in accounting and finance — will be established to strengthen the academic program. These roles will expand course offerings, support curriculum development, and provide students with a more comprehensive foundation in key business disciplines.