University of Florida Receives $75 Million to Boost Business School Endowment

University of Florida Receives $75 Million to Boost Business School Endowment

The University of Florida in Gainesville has announced a $75 million commitment from entrepreneur and UF alumnus Al Warrington IV and his wife, Judy.

The largest gift in the university's history will boost an endowment for business professors that supports curriculum development, research agendas, and other activities; in 2009, Warrington pledged $16 million to establish the endowment. The lead gift in an ongoing $800 million capital campaign, the commitment makes Warrington, for whom the university's business college is named, UF's first $100 million donor.

Warrington earned a UF degree in 1958, becoming the first in his family to graduate from college. For more than thirty years, he served in leadership positions at accounting firm Arthur Andersen & Co., before leaving the company in 1989 to create Sanifill, Inc., a Houston-based environmental company. After a series of mergers, Sanifill became the new Waste Management, Inc., the nation's largest environmental services company, with headquarters in Houston.

"Al and Judy Warrington have a uniquely strong bond with the University of Florida, and they and I share a similar vision for UF's future among the nation's top public universities," said UF president Bernie Machen. "By elevating education, enhancing research and enriching the experience of students on our campus, the Warringtons' remarkable gift will do a great deal to advance that vision."

"Warringtons Think Big With $75 Million Gift." University of Florida Press Release 02/24/2014.