Record UTC donation could transform the university & city
CHATTANOOGA (WDEF) – UTC just landed the largest gift they have ever gotten.
Gary W. Rollins and Kathleen Rollins of Atlanta have donated $40,000,000 to the business school.
As a result, the Tennessee Board of Trustees today voted to rename it to Gary W. Rollins College of Business.
Rollins graduated from UTC in 1967.
He is now Vice Chairman and CEO of Rollins, Inc.
Rollins is on the New York Stock Exchange with numerous holdings including Orkin, the world’s largest pest control company.
He wants UTC’s College of Business to become recognized as a national leader in business education and applied business research.
“The UTC College of Business, under Dean Robert Dooley’s leadership and fully supported by Chancellor Steve Angle, has a history of success built around community involvement that offers students hands-on experience and, ultimately, a stronger opportunity to be job-ready upon graduation,” Rollins said.
“At the same time, the College of Business has been a driving force in helping the Chattanooga region’s economic growth which, in turn, has made southeastern Tennessee one of the nation’s most desirable destinations.”
Kathleen Rollins is the executive director of the Gary W. Rollins Foundation.
She says the gift may be used for applied research opportunities, scholarships,
recruitment of faculty, capital improvements to renovate classrooms, computer labs, offices and common areas in Fletcher Hall, home of the College of Business at UTC.
Angle is a milestone in the history of the University and Chattanooga.
“This gift is not only unprecedented in its generosity to our University, it will be transformational in its impact,” Angle said.
“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.
Dean Dooley said “This gift will allow us to attain our vision of becoming a national model for excellence in business education. As the business world continues to change, we must prepare our students to be leaders and problem solvers. The Rollins’ investment will allow us to attract and retain outstanding faculty, support business research and develop the business leaders of the future.”