Alumnus' Gift to Fund Rewards for Faculty, Staff at Fogelman College

By Dowd, James | The Commercial Appeal (Memphis, TN), April 5, 2013 | Go to article overview

Alumnus' Gift to Fund Rewards for Faculty, Staff at Fogelman College


Dowd, James, The Commercial Appeal (Memphis, TN)


A major donation from a graduate will help the University of Memphis upgrade its business school.

George Johnson, president of BJB Administrative Services and a 1970 graduate of then-Memphis State University, pledged $875,000 on Thursday to the Fogelman College of Business and Economics.

The donation will be paid out in five equal annual installments of $175,000 to reward faculty and staff for outstanding performance and to encourage the pursuit of excellence.

"I want to do what I can to help build up the business school and challenge other business leaders to do the same," Johnson said during a ceremony Thursday to announce the gift. "The Fogelman College of Business and Economics is a gem in our community, and this is my way to help promote it."

Johnson, a longtime supporter of his alma mater, received the Outstanding Alumnus award in 2010 from the business school for his professional achievements and his dedication to the college. His financial gift will be used to reward top-level faculty and to offer incentives for staffers to excel in their jobs.

The donation will be used to fund four distinct programs over the next five years. Recipients will be determined by a committee of school alumni, board members, faculty and staff members.

Five "Distinguished Professorship" awards worth $10,000 each will be given to overall outstanding faculty members.

Five "Research/Teaching/Service" awards worth $10,000 each will be given to professors who make exemplary contributions in one of those areas. …

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