UTC receives third largest donation in the school's history
Thanks to an anonymous donor, the University of Tennessee at Chattanooga will create a Fund for Excellence.
The $15 million donation will support the enhancement and renovations of facilities, gathering of equipment, support of scholarly research and learning enhancement opportunities, and undergraduate and graduate scholarships.
“This extremely generous donation will have transformational impact on the University and our ability to provide an excellent, high-quality educational experience for our nearly 12,000 students,” said UTC Chancellor Steven Angle.
This generous donation is the third largest donation in the school's history (the largest being $57.3 million in 2018), a gift that will not go unrecognized.
“Gifts of this size to higher education are rare, regardless of the institution, and at $15 million, this is the third-largest single private gift ever for UTC,” said White, also a member of the system-wide UT Board of Trustees. “What an amazing example of investing in higher education through philanthropy.”
Donations to UTC are held by the University of Chattanooga Foundation, which was initially established in 1969 following UTC joining the statewide University of Tennessee system of higher education.
Today, the foundation manages an estimated $250 million worth of assets, which are governed by a board of directors made up of local and regional leaders.
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According to the University of Chattanooga Foundation Executive Director, Bryan Rowland, private support has dramatically increased in the last five years.
“This marks the second eight-figure commitment made to UTC in the last eight months,” Rowland said. “From capital investment in our facilities to an emphasis on experiential learning, Chancellor Angle has the University on an amazing trajectory, and our alumni and friends are supporting his vision.”
To see a full list of public donors or to become a donor yourself, you can visit the University of Chattanooga Foundation's website.