Back to issue
The Pulteney Street Survey · Spring 2026
Cover Feature

The
Melly Era

The Mellys' historic $70 million gift offers a transformative opportunity to prepare HWS students with a liberal arts and sciences education while expanding experiential learning, leadership and career pathways.

$70M
Historic GiftFrom Tom & Judy Melly
3
Anchor CentersSalisbury · Bozzuto · Centennial
2
New Faculty RolesMarketing & Accounting/Finance
11
Career CoachesIndividualized guidance

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.

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.

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.

Anchored by Three Centers

A new center of gravity.

The Melly Institute anchors three powerful centers that work together to provide enhanced outcomes and focused opportunities.

01

Salisbury Center for Career, Professional & Experiential Education

Increased staffing and programming engage students earlier and more intentionally in career exploration. Every first-year now meets with a Career Exploration Coach during their first semester, and a team of 11 career coaches provides individualized guidance.

02

Bozzuto Center for Entrepreneurship

A hub for students who want to test ideas, launch ventures and translate liberal arts thinking into practical innovation — the place where curiosity becomes a business plan.

03

Centennial Center for Leadership

Focused on ethics, communication, problem-solving and global understanding — building the judgment students need to lead in real-world contexts, from research labs and start-ups to NGOs, schools and legislatures.

HWS students touring Fidelity Investments as part of a Career Trek program
At Fidelity, students receive a tour and overview of the company's history. Career Trek programs offer immersive experiences for students pursuing STEM and business careers.

A Year of Building

Since the Institute's launch, the campus has significantly expanded its capacity to support students' career and leadership development. The Salisbury Center has increased staffing and programming to engage students earlier and more intentionally in career exploration, entrepreneurship and leadership training.

The expansion of programming is evident across multiple initiatives, including the Professionals-in-Residence program, which brings leaders in business, finance, technology, artificial intelligence and manufacturing directly into classrooms and advising conversations. Melly resources are now also directed at supporting and expanding the student-led pre-professional clubs — including Artificial Intelligence, Consulting, Engineering, Health Professions, Investment, Pre-Law, Real Estate and Design, and Women in Business and Leadership.

Career Trek programs have likewise expanded, offering immersive experiences in Boston for students pursuing STEM careers and additional treks focused on business. This spring, students enrolled in "Nonprofit Organizations, Philanthropy and Impact" — taught by Center for Community Engagement and Service Learning Executive Director Katie Flowers and President Gearan — will travel to New York City to visit nonprofit organizations.

Technical skill development opportunities continue to grow. The Salisbury Center's Scott MacPhail is teaching an LSAT course through the Reader's College format, allowing students to earn credit while they prepare for law school, while HWS General Counsel Lou Guard '07 is expanding HWS' law school affiliations by leading a group of students to the University at Albany this spring. Additional skill-building and certifications aligned with employer demand include training in Excel, Capital IQ Pro, Python, Adobe, Fundamental Edge and Bloomberg Market Concepts.

A Closer Look · The Melly Institute in Action

Leadership at the Speed of Change

A key example of the impact of the new Business Management and Entrepreneurship major and the Melly Institute is MGMT 305 — co-taught by Professor Tom Drennen and Chegg CEO Dan Rosensweig '83. Each week, HWS students sit across from Sheryl Sandberg, Ashton Kutcher, MC Hammer, Jewel and 19 other leaders shaping tech, culture and global business.

The Melly Scholarship
$46K
awarded annually
15–20
Scholars / year
500+
Essay submissions
2026
First cohort enrolls
HWS' most prestigious merit award

A scholarship that moves with you.

Tom and Judy Melly's generosity supports the Melly Scholarship — HWS' largest merit award — recognizing 15–20 students each year who demonstrate tenacity, purpose and leadership potential.

Scholars are selected based on academic performance, initiative, leadership, service, global engagement and clarity of purpose. They move through the program together from first semester to graduation, participating in structured programming and shared activities. The program provides access to faculty, staff and alumni mentors, as well as designated funding for internships, study abroad and career-related expenses. Each Melly Scholar also receives a computer.

"Purpose, Pathways, and Possibilities" A first-year seminar exploring career development as an evolving process — résumé and networking workshops, leadership programming on ethical decision-making, a leadership self-assessment and a personalized Pathways Playbook.
Program Expansion

In one year alone — a snapshot of what's new.

Trustees, parents, alumni and faculty are turning Melly resources into programming students can join right now.

Finance

A financial modeling bootcamp and in-person interview sessions developed in collaboration with Trustee and former J.P. Morgan Chase Global Chairman of Investment Banking Eric Stein '89.

AI & Tech

The launch of a new AI Club that hosted WAYMO in partnership with New York State Senator and Trustee Jeremy A. Cooney '04.

Real Estate

A Real Estate and Design Club roundtable featuring Alan Worden '87, founder and CEO of Community Data Platforms, senior advisor to ReMain Nantucket, and principal of the Westmoor Club.

Capstone

Students in the Business Management and Entrepreneurship capstone hosted Trustee Naz Vahid-Ahdieh '85, P'17, former Managing Director of the Global Law Firm Group at Citi Private Bank, for practice pitch presentations.

Health Professions

In two separate sessions, the Health Professions Association hosted Dr. Joy H. Glaser '62, P'89, P'97, GP'19 and Dr. Arnold Cohen '71, P'05.

Investment

A lunchtime discussion with students interested in finance was led by Trustee Stephen Wong '89, Managing Partner at Valley Capital Partners and former Chairman of Hong Kong Investment Banking at Goldman Sachs.

Career Talks

A talk on careers in New York City's financial sector was led by Franklin Marquet P'19, Vice President at Rithm Capital.

Bootcamp

Students participated in a two-day intensive Finance Bootcamp, hosted by Wall Street Prep and funded by Alex Nugent '15 and Ryan Adler '09.

The Stakes for the Liberal Arts

The Melly Institute and the Melly Scholarship position HWS within a broader national conversation about the value of a liberal arts education in an era of heightened public scrutiny, cost sensitivity and market volatility. Experiential learning has become the answer to a question prospective families increasingly ask: "How will this education prepare my child for the world beyond college?"

By integrating experiential learning at scale, HWS is making a strategic bet that the future liberal arts are not diminished by career preparation; they are sharpened by it. Leadership, ethics, communication, problem-solving and global understanding become more powerful concepts when tested in real contexts — research labs, start-ups, non-governmental organizations, schools and legislatures.

"The Melly gift signals confidence in Hobart and William Smith's ability to lead in a category that is increasingly defining the competitive landscape for liberal arts colleges: experiential learning with tangible post-graduate outcomes," says Provost and Dean of Faculty Sarah Kirk.

By connecting classroom learning with mentorship, skill development and sustained engagement with alumni and industry leaders, the Melly Institute is strengthening pathways that help students clarify goals, test interests and prepare for what comes next — building on HWS' longstanding commitment to purposeful education and lifelong impact.

More from this issue

View all stories →
©