Local business executive honors his alma mater with another major giftRichard Tarrant, chairman of IDX, makes $1 million gift to Saint Michael’sCollegeA legend in the Vermont business world, Richard Tarrant has led hismedical software firm IDX Corporation to heights of success, and all thewhile he has given back to the local community, including to his almamater Saint Michael’s College. He announced recently his plan to give agift of $1 million to the college to fund student scholarships.The liberal arts residential Catholic college located in Colchester, twomiles from Burlington, lured Tarrant to Vermont to play basketball andattend college in the 1960s. And he has been an active civic leader andbusinessman in the area ever since, leading IDX to become a majorworldwide publicly traded company with some 2,100 employees and reportedrevenues of $399 million in 2003.”I was prepared for a professional path by my years at Saint Michael’sCollege. The institution will always be important to me,” Tarrant said, inannouncing his gift. “Saint Michael’s gave me a scholarship when I neededthe money; it’s only fitting that I pay back now that I have the money.” Atwo-term member of the college’s board of trustees, Tarrant understandsthe challenges faced by an independent, Catholic college in thecompetitive world of higher education. Looking at this campus, Tarrantsaid, “I’m so impressed; what kid wouldn’t want to go here.”Tarrant was on the Saint Michael’s campus Saturday when he was inductedinto Pi Mu Epsilon National Mathematics Honor Society, of which he is nowa charter member, along with his partner in founding IDX, Robert Hoehl, a1963 graduate of Saint Michael’s College.”Saint Michael’s is profoundly grateful for the continuing support ofRichard Tarrant, a man who has done so much for this college, forefficiency in health care delivery and for the Vermont community,” saidSaint Michael’s President Marc vanderHeyden. “We are especially honoredwhen a graduate of such distinction validates this college by hiscontinuing commitment to its future,” vanderHeyden said.His philanthropy will create the Tarrant Scholarship Program to providefinancial support for students who are academically qualified to attendSaint Michael’s but face financial challenges in funding their experience.Tarrant’s $1 million gift, to be expended completely over a five-to-sevenyear period, provides significant support to the Saint Michael’s studentfinancial aid budget, which now exceeds $17 million annually. Tarrant’sgift will be included in the college’s $52 million Visions Campaign forthe Saint Michael’s student scheduled for completion in June 2005.This academic year, Richard Tarrant is celebrating his 40th anniversary ofgraduation from Saint Michael’s, while the college is celebrating the100th anniversary of its founding in 1904. He has previously made giftsthat made possible construction of the Jeremiah J. and Kathleen C. TarrantStudent Recreation Center, named in honor of his parents. That facilityprovides recreation opportunities for all Saint Michael’s students, notjust varsity athletes. He has also funded the Dion Scholarship at SaintMichael’s providing financial support to graduates of Rice High School, inhonor of Rice graduate Thomas Dion, who overcame significant obstacles toachieve his education.”On and off the basketball court, Rich Tarrant is admired by our alumni.As an undergrad, he was an involved campus leader and athlete. He isequally respected for his business prowess, phenomenal success in themedical software industry and his tremendous generosity to thisinstitution. We are blessed with Rich’s support of his alma mater becausehe inspires others to also get involved.” commented Richard V. DiVenere,Associate Vice President for Alumni Affairs & Development.Saint Michael’s College, founded in 1904 by the Society of St. Edmund andheaded by President Marc A. vanderHeyden, has been identified by U. S.News & World Report for 15 consecutive years as one of the top15 Master’sUniversities in the North. A liberal arts Catholic, residential college,located in Colchester, Vermont, two miles from the state’s largest city ofBurlington, Saint Michael’s was invited this year to join the elite groupof 270 colleges and universities nationwide with chapters of theprestigious academic honor society, Phi Beta Kappa, on campus. SaintMichael’s has 1,900 full-time undergraduate students, and another 650graduate students and 200 international students, studying part time. Ahighly respected, vibrant academic community, Saint Michael’s College wasnamed in 2003 by Newsweek magazine a “Hidden Treasure,” one of 30 collegesrecommended most frequently by guidance counselors for being “schools thatdeserve more national recognition.” -30- Note to editors: Richard Tarrantcan be reached for comment through his office at IDX at (802) 862-1022.