The gift will support new and existing applied research opportunities, scholarships, faculty recruitment, and capital improvements to classrooms, computer labs, offices, and common areas in Fletcher Hall, home of the business college. In recognition of the gift, the largest ever received by the university, the school will be renamed the Gary W. Rollins College of Business.
"This gift is not only unprecedented in its generosity to our university, it will be transformational in its impact," said UTC chancellor Steven Angle. "Almost without exception, every great university has an outstanding college of business, and the Rollins' gift will enable us to raise the bar for success higher than ever before. Their commitment to UTC will mean state-of-the-art facilities for students and faculty, and applied research opportunities that will challenge students and better prepare them to succeed."