Mount St. Mary Students Begin Walden Savings Medici Program

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About a dozen students at Mount St. Mary College in Newburgh recently kicked off the Walden Savings Bank Medici Scholars Program, becoming the sixth group to take on the initiative since its inception in 2015. 

The competitive program, open to a handful of Mount Business students each year, is made possible through an endowed gift to the Mount from Walden Savings Bank. The program is overseen on the Mount’s campus by Anthony Scardillo, Medici faculty advisor and assistant professor of marketing.

The collaborative Medici program prepares students for leadership and principled corporate citizenship. The program introduces undergraduate business and accounting students to the world of arts and nonprofits to foster a better understanding of the important role the business community plays in supporting them.

This year, the Mount Medici students will be working with the Food Bank of the Hudson Valley, which serves more than 1,000 member agencies in 23 counties from the Canadian border to the border of Westchester County. The students will use their business insight to help the food bank to achieve its philanthropic goals.

At this year’s kickoff event, held at the Mount’s School of Business, Walden Savings Bank President and CEO Derrik R. Wynkoop addressed the new Medici students.

“Business people are invaluable for not-for-profits,” noted Wynkoop, who added that the Mount students would prove very helpful to the food bank.

Jason N. Adsit, president of Mount St. Mary, said, “The Food Bank of the Hudson Valley, Walden Savings Bank and Mount St. Mary College is an amazing partnership.” 

The program is named after the House of Medici, a banking family from 15th century Italy whose contributions involved sponsoring art and architecture.  

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