Director of Communications
FOR IMMEDIATE RELEASE
William B. Stokely, Jr. Foundation Creates First
Endowed Dean's Chair at UT Knoxville
KNOXVILLE – The Stokely family, through the William B. Stokely, Jr. Foundation, has built on an extensive history of support for The University of Tennessee.
Most recently, the Stokely’s endowed the deanship of the UT Knoxville College of Business Administration (CBA). This is the first such endowed dean's chair on the UT Knoxville campus.
"This chair, the first of its kind for us, represents a very special gift in that it honors the leadership of one of the premier colleges on the Knoxville campus," said UT Knoxville Provost Robert C. Holub. "Simultaneously, it ensures that UT Knoxville will be able to rely on this position to attract outstanding leadership far into the future."
The Stokely’s have an extensive history of support for the arts, athletics, and business, including an additional $2.5 million gift recently given to the university, yet to be allocated among the colleges.
The Stokely family's ties to the University of Tennessee began with William B. Stokely, Sr., who was captain of the 1894 Tennessee football team. Three William B. Stokelys have followed him to graduate from UT in the years since, making them the only four-generation family who share the same name in university history.
Bill is the chair emeritus of the Campaign for Tennessee, and the Stokelys have been active supporters of UT through a number of key development campaigns. Bill served as the chair of the College of Business Administration’s Business Administration Capital Campaign and of the university's 21st Century Campaign. He also was corporate co-chair of the Tennessee Tomorrow Campaign, and served as the chair of the Development Council. Bill recently completed a term on the UT Board of Trustees.
Bill's grandfather, William B. Stokely, Sr., also served as a Board of Trustees member. His father, William B. Stokely, Jr., chaired the Development Council and made many gifts to UT, including the gift to establish the Stokely Athletic Center.
Kay Stokely has served as a member of the Board of Visitors in the UT College of Arts and Sciences.
Three of Bill and Kay's four children are UT graduates and all serve on the William B. Stokely, Jr. Foundation Board. Clay Stokely is a current member of the Development Council and William B. Stokely, IV previously served.
"As a family, there has never been a time that we were not engaged in the life of the university in one way or another," said Bill Stokely. "This is a way for us to show our belief in the leadership of UT and the importance of the university to the state of Tennessee."
Bill and Kay Stokely are UT Knoxville graduates in business administration and liberal arts, respectively. Bill chaired Stokely-Van Camp, founded by his family in the 19th century, and oversaw its sale to Quaker Oats. Currently he is chairman of The Stokely Company.
The Campaign for Tennessee is a multiphase fundraising effort that will extend through 2011. This seven-year campaign, which launched its silent phase in 2005, will secure private gifts that, in turn, will contribute substantially to the distinct, but linked, campuses comprised by the University of Tennessee system. Funds raised through the campaign will directly support the objectives of UT's strategic plan, as outlined by UT President John Petersen. Among those objectives are improved student access and success, research and economic development, outreach and globalization.
The campaign goal is the most ambitious in UT's 200-plus-year history, and the university is calling on each of its alumni and friends to support the institution through outright annual and major gifts as well as estate-planning gifts.
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About The University of Tennessee College of Business Administration
The mission of the University of Tennessee College of Business Administration in Knoxville, Tennessee, is to provide innovative leadership in management research education and practice. The College consistently breaks new ground with both its scholarship and award-winning, integrated curriculum that is taught within its undergraduate, graduate and nationally recognized executive education programs. The College is fully accredited by AACSB International - The Association to Advance Collegiate Schools of Business. For more information about the University of Tennessee College of Business Administration, visit http://bus.utk.edu