Ernst & Young, one of the largest professional services firms in the world, has pledged a gift of $1 million to the Tull School of Accounting at the University of Georgia’s Terry College of Business.
The Tull School of Accounting will designate two Ernst & Young Teaching Fellows in recognition of the pledge. Ben Ayers, the Tull School’s director, said the E&Y gift will impact all aspects of the school, including providing support for faculty research and teaching, endowed professorships, student organizations and scholarships. A portion of the pledge will be directed to other donor funds at Terry and UGA.
“This gift far exceeds all previous campaign efforts,” Ayers said. “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. The firm’s generous commitment sends a very strong signal of the success of our alumni at E&Y and their investment in the education of our students.”
“I am very proud of the more than 200 UGA alumni at Ernst & Young, whose personal financial commitments made this gift possible,” said John Schraudenbach, a partner in E&Y’s Atlanta office. “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.”
A 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 accounting graduate.
In addition to the more general scholarship and faculty support this new pledge will fund, E&Y has also 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 E&Y.
Ernst & Young is a global financial assurance, tax, transaction and advisory services firm. For more information, visit www.ey.com.