The University of Tennessee, Knoxville has announced a $40 million gift from Natalie and James A. Haslam, Dee and Jimmy Haslam, and former Tennessee governor Bill Haslam and his wife, Crissy, in support of the Haslam College of Business.
Aimed at furthering the school's efforts to develop future leaders in business, the gift will support the hiring of faculty, faculty research, programmatic initiatives designed to increase the diversity of the school's student body, an expansion of undergraduate honors programs, and addtional graduate student fellowships. The gift also includes funds earmarked to match contributions from other donors.
The commitment follows a $50 million gift from the Haslam family in 2014 to name the business school and a $32.5 million gift from alumni Jim and Natalie Haslam and the Haslam Family Foundation in 2016 that included $7.5 million for the business school.
"By investing in these students, we are building the future leaders, entrepreneurs, and philanthropists of our community, state, and country," the family said in a statement. "We believe in the power of education to change the course of individual lives and the future of our communities through innovation, business endeavors and job creation, and, most importantly, leadership development. This is a legacy our family is honored to help build. We hope our gift will encourage others to support UT and our youth, who will help shape the future successes of Knoxville and beyond."
(Photo credit: University of Tennessee, Knoxville)