News Release

Beta Gamma Sigma Names Raymond G. Chambers Business Achievement Award Recipient

Beta Gamma Sigma, the international business honor society, recently named Raymond G. Chambers, founder and chairman, Amelior Foundation, a recipient of its 2009 Business Achievement Award. The honor is awarded annually to individuals who have made significant accomplishments in business and contributions to the community.

“It is our pleasure to award Mr. Chambers this honor,” said George E. Stevens, president of Beta Gamma Sigma. “His leadership and humanitarianism has had a major impact on hundreds of thousands of individuals.”

Chambers was nominated for the Beta Gamma Sigma Business Achievement Award by Seton Hall University. He is one of four recipients of this year’s award. The other 2009 recipients are Adm. Thad W. Allen, commandant, U.S. Coast Guard; Brian Duperreault, president and CEO, Marsh & McLennan Companies Inc.; and Joe Max Green, chairman, Joe Max Green /Insurance Concepts.

Chambers is a consummate businessman turned philanthropist and humanitarian. Prior to dedicating himself solely to charitable endeavors, he ran a successful leveraged buy-out firm, Wesray Capital Corporation. He and his business partner, former U.S. Treasury Secretary William Simon, led the acquisition of dozens of major companies, such as Avis Rent a Car, Outlet Broadcasting, and Wilson Sporting Goods. In 1989, he retired from active management of the firm and focused his efforts on the Amelior Foundation, the non-profit organization he founded that provides education, job skills and employment opportunities for at-risk youth.

As an advocate of education, Chambers has developed and funded many programs through the Amelior Foundation such as READY (Rigorous Education Assistance for Deserving Youth), which provides mentoring, tutoring, and tuition assistance to low-income children and their families.

In addition to his commitment to the Amelior Foundation, Chambers has founded and contributed to numerous charitable and service-oriented organizations and programs. He is the founding chairman of the Points of Light Foundation, an initiative that encourages volunteering, and co-founder of America’s Promise – The Alliance for Youth. Chambers is also the founder of the National Mentoring Partnership and founder and co-chairman of Malaria No More.

Beta Gamma Sigma established the Business Achievement Award in 1998. Individuals are nominated by Beta Gamma Sigma deans, faculty advisors and members of the board of governors. They are selected based on their significant accomplishment(s) in business, contributions to the community, and ability to establish themselves as models of ethical business leadership. Recipients are announced to the Society during the International Honoree Luncheon at the Annual Meeting of AACSB International each spring.

About Beta Gamma Sigma
Beta Gamma Sigma is the international honor society serving business programs accredited by AACSB International – The Association to Advance Collegiate Schools of Business. Membership in Beta Gamma Sigma is the highest recognition a business student anywhere in the world can receive in a business program accredited by AACSB International.

Beta Gamma Sigma has established 486 collegiate chapters in 19 countries and territories around the world, and inducted more than 625,000 outstanding students into membership since its founding in 1913. These members have served in corporate, government, non-profit, educational, and other management positions at every level of responsibility. Members currently reside in all 50 U.S. states and more than 160 countries around the world. For more information, visit


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