The Herbert V. Prochnow Educational Foundation was established in 1983 as a supporting organization to the Graduate School of Banking. It is named in honor of the founder of the Graduate School of Banking, Herbert V. Prochnow (1897-1998).
The Foundation supports three primary missions:
- Research related to the financial services industry
- Scholarships for students to attend GSB educational programs
- Curriculum and technology enhancements for GSB residential and online programs