Development and Alumni Affairs
Citing faculty as the key to a competitive future for the Warrington College of Business Administration, UF Trustee and alum Al Warrington has committed a deferred gift of $16 million to establish an endowment to privately fund faculty positions in the College.
Benefits made possible by the gift include:
- Salary and benefits for the positions will come entirely from the income from the newly created Warrington Faculty Fellows Endowment
- Faculty positions will be in accounting and entrepreneurship and others yet to be determined
- Faculty supported by the fund will be known as Warrington Fellows
"This gift, which is being accompanied by others, will help address the issue of the need for more faculty. I hope this gift will encourage others to join in supporting this singularly most important need at the college," says Al Warrington.
John Kraft, dean of the College, sees this faculty funding model as a way to secure a high level of talent and to develop a competitive pipeline of young faculty for the future.
Warrington's gift takes the Warrington College of Business Administration over the $100 million mark as part of UF's university-wide $1.5 billion capital campaign, entitled "Florida Tomorrow." The gift is also eligible for matching funds from the state of Florida's Trust Fund for Major Gifts, which could bring the total amount of the Warrington Faculty Fellows Endowment to $32 million.
Warrington has a long history of financial support and service to UF. In 1996, UF's College of Business was named for Warrington. He is one of the original members of the UF Board of Trustees, established in 2001, and continues to serve on that board.
Currently a Houston resident, Warrington earned a bachelor's degree in business administration from UF in 1958.
William R. "Bill" Hough graduated as a member of the University of Florida's first MBA class in 1948, and has been supporting UF ever since. Now, he makes university history again, as the donor of the largest private gift UF has ever received, $30 million dollars. In recognition of this overwhelming show of support, the university has established a new school that bears his name: The Hough Graduate School of Business.
The gift establishes an endowment to support teaching, academic programs and enhancements in the graduate school of business, in which approximately 1,500 students are currently enrolled, and provides a lead gift to construct a new building to house the graduate business programs. The building will be named William R. Hough Hall, once approved by the UF Board of Trustees and the Florida Legislature. Hough's gift will be eligible for matching funds from the State of Florida Major Gifts Trust Fund and from the Alec P. Courtelis Facilities Enhancement Challenge Grant Program, potentially increasing the total value of the gift to $50 million.
With your financial investment in the College, you can make an impact on UF and the future of the academic environment.
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