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PRESS RELEASE
FOR IMMEDIATE RELEASE

Prominent Knoxville Entrepreneur Gifts $1 Million to UT’s College of Business Administration

  KNOXVILLE, TN — Prominent Knoxville entrepreneur and businessman Doug Horne gifted $1million to UT’s College of Business Administration for technology and faculty support.

Four hundred thousand dollars will be allocated to enhance technology in the college’s new business building. To recognize this gift, the building’s second-floor, 80-seat, tiered, undergraduate business classroom will be named the Horne Classroom. The remaining $600,000 will go toward the already established Douglas A. & Brenda Horne Professor in Business endowment held by Matthew Murray, professor of economics and associate director of the college’s Center for Business and Economic Research.

“Doug and his family continue to give to the college in the areas that we need most—technology and faculty support—and we are tremendously grateful,” said Jan Williams, dean of the College of Business Administration. “Success in both of these areas is essential to the overall success of our college.”

Horne’s gift is part of the Campaign for Tennessee, a $1 billion fundraising effort at the University of Tennessee, Knoxville. The College of Business Administration’s $1 million gift represents half of the $2 million in total gifted to the University of Tennessee.

Horne and his wife, Brenda, have supported the university and its academic and athletic programs for many years. “The college has provided a foundation and support system for me and my family,” he said. “It has permitted me to experience great opportunities and a positive direction for my life.” Horne currently is a member of the University of Tennessee Board of Trustees. 

Horne is founder of Horne Properties, Inc.; Republic Newspapers, Inc.; and Horne Radio in Knoxville. After spending most of his life in the Knoxville area, Horne graduated from the University of Tennessee College of Business Administration in 1967 with a degree in industrial management. 

When asked why he gave, Horne said that “the greatest feeling you can have is to experience the gift of giving and to see young students have a better chance (as did I) because of thoughtful benefactors who have come before. I am proud to be a UT alum. We hope that our gift inspires students and leaders to continue the tradition of giving, learning, and achievement in their lives.”

The Campaign for Tennessee — the most ambitious effort in the university's 214-year history -- places UT among the ranks of the nation's largest public and private institutions that have sought this level of private support.

The 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.

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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