Ernst & Young has pledged $1 million to the Tull School of Accounting in the University of Georgia (UGA) Terry College of Business.
The Tull School of Accounting in Athens will designate two Ernst & Young Teaching Fellows in recognition of the pledge. Ben Ayers, the Tull School's director, said the donation will impact all aspects of the school, including support for faculty research and teaching, endowed professorships, student organizations and scholarships. A portion of the pledge will be directed to other donor funds in Terry and at UGA.
"This gift far exceeds all previous campaign efforts. Ernst & Young has taken a leading role in the school's success, not only with its long-term financial support, but also as one of the foremost recruiters of our students", Ayers said. "The firm's generous commitment sends a strong signal of the success of our alumni at E&Y and their investment in the education of our students."
John Schraudenbach, a partner in the firm's Atlanta office, said he took pride in the more than 200 UGA alumni at the firm.
"The University of Georgia is one of Ernst & Young's primary sources of great students who join our firm every year, and we are committed to helping the Tull School and Terry wherever we can", Schraudenbach said.
A Terry College graduate with bachelor's and master's degrees in accounting, Schraudenbach is a member of the Tull School of Accounting Advisory Board and the Terry College Alumni Board. He coordinated Ernst & Young's campaign on behalf of the Tull School with Carter Posner, a 1996 Terry College accounting graduate.
In addition to the more general scholarship and faculty support this new pledge will fund, Ernst & Young also has provided annual financial support of a named professorship since the late 1990s, when Dennis R. Beresford was named the Tull School's Ernst & Young Executive Professor of Accounting. Beresford chaired the Financial Accounting Standards Board from 1987 to 1997, and previously was the national director of accounting standards for the firm.