Nancy McKinstry '80 endows a scholarship in economics.
Profile in Giving
By Maria V. Caliri '86, M.B.A. '92
Nancy McKinstry '80
"I got hooked on economics immediately!" says Nancy McKinstry. "I thought I would get a political science degree and enjoy a career in the foreign service, but I changed my mind after taking my first economics class." McKinstry, however, did not abandon her plan to study political science. Instead, she pursued both of her interests and graduated Phi Beta Kappa with bachelor's degrees in both disciplines in 1980.
It is her passion for perfect competition, cartels, supply and demand, and Keynesian theories, though, that influenced her decision to establish the Nancy McKinstry Endowed Scholarship in Economics. Income from the $30,000 endowment will be awarded annually to students majoring in economics. Department faculty will choose scholarship recipients based on merit and need. "This scholarship is a way for me to thank all of my great professors and a very dedicated faculty for all of the individualized attention I received," says McKinstry. "I look back at economics as the starting point of my business career."
McKinstry has enjoyed numerous successes in her professional life. After earning an M.B.A. in marketing and finance from Columbia University, she joined management and technology consulting firm Booz Allen & Hamilton and worked closely with media clients. Her background also includes a four-year tenure as president and CEO of CCH Legal Information Services, a $220 million service company, where she was responsible for growing the business at a rate of over 12 percent a year.
On October 1, McKinistry became president and CEO of Wolters Kluwer--Legal, Tax & Business North America, the parent company of CCH Legal Information Services. In her new job she has management responsibilities for Aspen Publishers, CCH Legal Information Services, CCH Tax Compliance, and CCH U.S. Publishing. "I'm running about a billion dollars of business, and I'm quite happy about that," she remarks.
McKinistry returned to Walters Kluwer after serving as CEO of SCP Communications, Inc., a leading provider of integrated medical research, education, publishing and marketing services for the pharmaceutical industry.
Throughout her stellar career in corporate America McKinstry has relied on her economics degree. "Economics taught me to think through problems. I used my skills from day one,"she says.
McKinstry applies these problem-solving skills to her volunteer work as well. As a member of the College of Arts and Sciences Advisory Council, she assists Dean Winifred Brownell with specific programs such as the Political Science Department's new Prelaw Center, for which she secured donations of books and reference material. Further, she helps the council find ways to bring scholarships to needy students. Through her generous donation, McKinstry is leading by example.
While the study of economics has been a driving force in her career, McKinstry offers this advice to students: "Take as many different courses as possible and branch out into different fields. This is the one chance in your life to embrace a multitude of interesting subjects."