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Joshi Scholarship established at UNF

spring 2012 joshi

The transformation of students takes a community to accomplish, and Joe and Sheila Joshi are two of this community’s newest donors who are making The Power of Transformation campaign a success.


The Joshis, through the Radha Devi Joshi Family Foundation, recently established an endowed scholarship in the Coggin College of Business out of a desire to give back to their new community in Jacksonville.  Their gift to the University totaled $76,000.


Joshi and his wife recently moved to Jacksonville after he retired as president and chief executive officer of Systematic Financial Management in Teaneck, N.J.  He said he became familiar with the Jacksonville area because Systematic had a sales office here.

“Sheila and I enjoyed the weather and also wanted the opportunity to give back to the community,” he said.


UNF in particular caught Joshi’s attention. “The University and the Coggin College of Business in particular are gaining national recognition,” he said. “It is a growing institution which is attracting people who can make a difference.”


The scholarship was established for any academic discipline within the Coggin College of Business. Joshi has also volunteered there to offer students lessons from his years of experience in the financial industry.

“Not only would I like to meet the scholarship recipients, but I also would be interested in offering the college my own knowledge from nearly 50 years of experience,” he said.


And experience is one thing Joshi has in abundance. A native of India, he came to the United States in 1967 at 21 seeking better opportunities. He already had bachelor’s and master’s degrees from Agra University in India but continued his education here by obtaining an M.B.A. from Fairleigh Dickinson University in Teaneck, N.J. 


Joshi’s investment career began with the Warner Lambert Company in 1972 as a senior internal auditor. Six years later he became director of pension investments. In 1986, he joined State House Capital Management where he served as managing director of equities. He later accepted a position at Mitchell Hutchins before going to Systematic in 1996. He retired from that company in 2011.


Dr. Ajay Samant, dean of the Coggin College of Business, met Joshi shortly after he relocated to Jacksonville. 


“I was immediately impressed with Mr. Joshi’s breadth of experience and his willingness to give back to his newly adopted community,” Samant said. “His dedication to giving more young men and women an opportunity to obtain a quality business education is greatly appreciated by UNF.”


The public phase of UNF’s Power of Transformation campaign was launched in October of 2009 with a goal of $110 million. As of this month, nearly $105 million has been raised. It will officially end in December.