History of the Powell Center

E. Angus Powell was a man of vision. As Chairman of the Board of the Federal Reserve Bank of Richmond, he knew the vital role economics plays in domestic and world stability, and as Chairman of the Board of Trustees at Collegiate School in Richmond, he knew that economic literacy would drive effective leadership in future generations. Mr. Powell felt strongly that political freedom was closely related to economic freedom, and therefore he had an unwavering commitment to the free enterprise system. Established in 1979 as the E. Angus Powell Endowment for American Enterprise, the endowment changed its name to the Powell Economic Education Foundation in 2010, to more aptly reflect the endowment's mission and accomplishments. The annual growth of the endowment helps to fund all of the Economic Education programs offered at Collegiate as well as professional development.