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Luchs Family Scholarship Recipient Molly Fallon Reaps Rewards of Hard Work, Giving Back

Molly Fallon commencement

Luchs Family Scholarship recipient Molly Fallon is all smiles while addressing her Kogod School of Business classmates. Photo credit: Jeff Watts

As commencement festivities took over campus and fellow classmates fondly reminisced about the best times of their college years, Molly Fallon, Kogod/BSBA ’14, recalled a different kind of memory—arguing.

Not just any kind of arguing, however. “I’ve really appreciated the disagreement and the debate that some of these classes have spurred from us,” said Fallon. “We’ve begun to disagree with one another in very constructive ways and bring some of our convictions forward.”

A Des Moines, Iowa native concentrating in marketing and finance, Fallon was chosen as the undergraduate speaker for the Kogod School of Business 2014 commencement. “Ironically, my fondest learning moments are not about agreement,” she shared with the Bender Arena crowd of faculty, family, and her fellow graduates. “While we might seek comfort in group settings, what we actually need is discomfort.”

For all her talk of discord and dissent, Fallon proved herself a natural collaborator in her time at AU. As a peer consultant in the Kogod Center for Business Communication, she assisted Kogod students with business writing and presentation skills. She also served as treasurer for the sorority Chi Omega, and worked together with about 30 students to oversee a portfolio of $350,000 in AU’s Student Managed Investment Fund. On top of that, she earned one of the school’s most prestigious group accomplishments—her team took home first place in the 2014 Annual Kogod Case Competition.

Recalling the case competition, she admitted, “That should have been one of the most stressful weeks of my life but it really was one of the most fun, honestly. It was a really great moment to leverage everything I had learned in the past four years here and have fun with it.”

Fallon’s leadership skills and community-oriented spirit were rewarded when she was named a recipient of the Luchs Family Scholarship for the 2013-2014 academic year. The application process for the scholarship asks students to provide evidence of deep involvement in the Kogod community. Humble, but attuned to the scholarship’s meaning, she reflected, “I think that my history of giving back to fellow students while at Kogod was something that identified me as a strong candidate.”

“I didn’t stand out in terms of numbers,” she shared. “To know that I was recognized for doing hard work, and that hard work wasn’t going unnoticed, [the fact that] it could be rewarded, and I could help myself through college by doing good work was a lot of positive reinforcement for me.”

A couple of days before giving her commencement address, Fallon had the opportunity to meet one of the benefactors of her scholarship, Kenneth J. Luchs, over lunch. The two found that they shared a passion for giving back.

“You can contribute in different ways,” Luchs said. “Money is only one way. Time is another way. Be a mentor to somebody.”

A strong history of civic engagement runs through Kenneth Luchs’ family. From the time his grandfather founded the family’s real estate business, Shannon & Luchs, in 1906, the family has been active in the growth of Washington, taking on leadership roles in various community organizations—a tradition that Luchs himself has carried on. A one-time American University student—taking night classes in real estate while he helped to run the family business by day—Luchs went on to serve on the AU Board of Trustees for 12 years. His afternoon with the recipients of his family’s scholarship marked 50 years—nearly to the day—since his father first introduced him to AU.

“I’d like [the recipients] to know that I’m available to be a mentor, and that I want them to be available as mentors to future students,” said Luchs. “It’s our duty to pay back whatever schools we’ve been educated at.”

Said Fallon after meeting Luchs, “He further instilled in me the belief that we can all do something to give back to those who have profoundly impacted our lives.”

Even as she found inspiration from getting to know her scholarship donor, Fallon had already been taking Luchs’ message to heart. While treasurer of Chi Omega, Fallon brought more scholarships to her sisters, stepping up efforts to identify and publicize existing opportunities, and creating new need-based awards by making minor budgeting adjustments. She has also taken it upon herself to be an advocate, often urging her sisters and students she advises as a peer consultant to apply for certain scholarships. She notes that students don’t realize what great candidates they are, and all they need is to know that the opportunities exist.

“I think that’s something really important—the idea of students helping students find and seek out scholarship opportunities,” said Fallon. “I am glad to have left that legacy.”