Tennessee Haslam, the No. 49 B-school in P&Q’s latest ranking, saw a massive increase in its average GMAT scorer over the last five years. Haslam photo

Tennessee B-School Receives Huge Donation

The University of Tennessee Knoxville’s Haslam College of Business is getting a multi-million-dollar donation.

The Haslam family has gifted $40 million to the b-school to support and elevate the institution’s reputation and mission of developing future leaders, a press release by UT states.

“The University of Tennessee is a tremendous, world-class institution that continues to grow and advance to better serve its students and the community,” the Haslam family says in a statement. “We are grateful for the opportunity to continue our commitment to the university through the Haslam College of Business and hope this gift will enrich the lives of students for generations to come. By investing in these students, we are building the future leaders, entrepreneurs and philanthropists of our community, state and country.”

WHERE THE MONEY GOES

The $40 million dollar donation will directly support the hiring or preeminent faculty, enhanced faculty research, diversity initiatives, and an increase in graduate student fellowships to name a few.

“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,” the Haslam family states. “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.”

GIFT OF GIVING

The multi-million dollar donation follows a landmark gift in 2014, which made the b-school the first named college at UT. This year’s donation will increase the family’s total gifts to more than $100 million.

“The Haslam College of Business is 100 years strong, and this transformative gift will continue to positively impact every aspect of its highly regarded business programs,” UT Chancellor Donde Plowman says in the press release. “This gift will accelerate the positive trajectory of the college, whose nationally and internationally ranked business continue to attract the best and the brightest to study, teach, and lead at UT. Students and faculty in the Haslam College of Business are shaping the future of business and changing the world for the better.”

Sources: University of Tennessee Knoxville, Haslam College of Business