NCR Donates $5 Million to University of Dayton in an Unusual Gift That Will Help UD Expansion and Development

DAYTON, Ohio, Dec. 30 /PRNewswire-FirstCall/ — NCR Corp. will donate an
unusual $5 million gift to the University of Dayton ( www.udayton.edu ).

NCR is relinquishing all participation rights in the commercial
development of the largely unused 50-acre parcel UD purchased from the global
technology company in 2005. The gift allows UD the flexibility to develop the
land for academic and mixed use without sharing a portion of future revenues.
The property runs from Brown Street to the Great Miami River.

“It’s a very generous gift. We are very grateful to NCR for its support in
helping the University turn this land into productive use again,” said Daniel
J. Curran, president of the University of Dayton. “This is a transformative
redevelopment project that secures UD’s future growth and has the power to
drive much-needed economic development in the region. It’s one of the most
ambitious projects in the country.”

It’s one of numerous generous contributions NCR has made to its
neighboring university over more than two decades. In all, NCR has donated
more than $13 million to UD, including nearly $3 million for the Anderson
Information Science Center and $1 million for professorships in law and
technology and global leadership development.

“With this gift, the University of Dayton is free to develop the former
NCR property to the benefit of future generations for years to come. NCR is
privileged to take this latest step in our service to Dayton and the
University,” said Michael R. Webster, NCR vice president, Strategy and
Communications.

The $5 million gift comes on the heels of a $10 million gift for
scholarships from a 1965 graduate who wishes to remain anonymous.

“In these challenging economic times, we’re still seeing individuals and
corporations stepping forward to support the University of Dayton in very
generous ways,” said Deborah Read, vice president for advancement. “We are
grateful for that belief in the University of Dayton’s vision.”

In 2005, UD purchased land, two buildings, two parking lots and two
practice fields from NCR for $25 million, expanding its campus by nearly a
quarter. NCR retained $7 million of participation rights in any commercial
development on the land. Under a new agreement reached this month, NCR waived
$5 million, and UD paid $2 million for the remaining rights.

The property, part of which is considered a brownfield, has remained
largely unused since the 1970s when NCR removed most of its manufacturing
facilities. The University of Dayton has received nearly $11 million from the
Clean Ohio Revitalization Fund, the U.S. Army Corps of Engineers and the
Department of Housing and Urban Development for environmental cleanup and
infrastructure improvements. In December 2007, the Ohio Environmental
Protection Agency approved an Urban Setting Designation (USD) for the site, a
complex but critical process to encourage redevelopment in urban areas.

“More and more universities across the nation are becoming drivers of
economic development as they realize their futures are tied to the vitality of
their cities. Still, it’s unusual for a private, Catholic university to step
up and be a catalyst for such a complex project,” said Jack Proud, chair of
UD’s board of trustees. “We thank NCR for its willingness to work with the
University to make this redevelopment possible.”

Since buying the property, UD has removed one building and converted a
447,000-square-foot former manufacturing facility into a mixture of uses,
including new research labs, classrooms and an entire floor housing the Dayton
Early College Academy, a nationally celebrated charter high school. The
waterfront acreage has been cleaned up to residential standards, with cleanup
beginning on another 26.5 acres between Brown and Main streets in 2009.

The relationship between UD and NCR dates to the company’s founding in
1884. According to historical accounts, Julia Patterson told her sons, John
and Frank, that she would allow them to use the small family fortune to start
a cash register business only if Brother Maximin Zehler, S.M., principal of
the school that was to eventually become the University of Dayton, would
endorse the business proposition. Zehler recognized the potential of the cash
register and even arranged to purchase some of the family’s land, providing
the infant business with needed capital and the school with land for
expansion.

Since then, NCR has grown into a leading global technology company listed
on the Fortune 500, and UD has emerged as the largest private university in
the state and a top-tier national, Catholic research university. More than 300
UD alumni currently work for NCR worldwide.

About NCR Corporation

NCR Corporation (NYSE: NCR) is a global technology company and leader in
automated teller machines, self-checkouts and other self- and assisted-service
solutions, serving customers in more than 100 countries. NCR’s software,
hardware, consulting and support services help organizations in retail,
financial, travel, healthcare and other industries interact with consumers
across multiple channels.

About the University of Dayton

The University of Dayton is Ohio’s largest private university and a
top-tier national university with sponsored research totaling $80 million
annually. As one of the top-10 Catholic universities in the nation, UD
emphasizes transformative education and prepares students for leadership and
service in their communities in the Marianist tradition.

SOURCE University of Dayton