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OSU announces three newly funded faculty positions to benefit Spears School of Business

Wednesday, July 23, 2008

Puterbaugh Foundation, Links and accounting donors fund two chairs and one professorship

View Full List of Endowed Faculty Chair Announcements 
 

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(STILLWATER, Okla. July 23, 2008) – Oklahoma State University announced today $1.4 million in donations received from alumni and a foundation to fund three endowed positions within the Spears School of Business.  Once fully matched dollar-for-dollar by T. Boone Pickens’ $100 million chair match commitment, as well as the Oklahoma State Regents for Higher Education, the gifts will provide more than $5.6 million of impact in endowed funds.
 
Contributing donors to the business school include The Puterbaugh Foundation, Tucker & Vickie Link and 140 accounting donors.
 
“We sincerely appreciate these generous and important gifts from The Puterbaugh Foundation, the Links and our dedicated accounting alumni,” said OSU President Burns Hargis.  “The Puterbaugh chair is a wonderful honor and true privilege for those fortunate to serve as OSU President.”  
 
A $500,000 gift from The Puterbaugh Foundation will establish a faculty chair to be held exclusively by the OSU President. The chair will be held by current OSU President Burns Hargis within the William S. Spears School of Business where he is currently on the faculty.  While President Hargis’ area of focus will center on banking, finance and legal studies, the chair will center on the research of future OSU presidents’ academic disciplines.
 
“Our foundation came up with this concept of the rotating chair to support the academic credentials of the current OSU president,” said Justice Steven Taylor, foundation trustee and ’71 political science alumnus.  “We wanted to establish a chair that could be held by President Burns Hargis and every future president of OSU.  We believe in OSU and the mission of the land-grant university, and this gift demonstrates our confidence in the university as a result of hiring Burn Hargis.  That selection gave us a boost of optimism.”
 
More than $400,000 was received from 140 donors to create an accounting professorship honoring current accounting professor Dr. Patrick Dorr. The Patrick Dorr Beta Alpha Psi Professorship in Accounting was established to recognize Dorr’s 32 years of service to the School of Accounting and Chi Chapter of Beta Alpha Psi, the national honorary and professional accounting student organization at OSU.  Accounting Advisory Board members hope the end result of the professorship will be one step toward the goal of returning the OSU School of Accounting to one of the top accounting programs in the country.  
 
“Many donors participated in the fundraising for the Pat Dorr Professorship to recognize Pat for his outstanding leadership both in the classroom and within the School of Accounting,” said John Linehan, alumni advisory board chairman and ’61 accounting alumnus. “Thanks to all who believed that this could be done in little more than one month and then made it happen.”
 
A $500,000 gift received from Tulsa residents Tucker and Vickie Link will establish an endowed chair in accounting honoring Tucker’s mentor and OSU accounting professor, Dr. Wilton “Andy” Anderson. Link is the current owner of Knightsbridge Resources LLC in Tulsa, and is a ’72 accounting graduate from OSU. Vickie obtained her interior design degree from OSU’s Human Environmental College in 1970.
 
“Both Vickie and I received degrees from OSU.  I received my degree in accounting at OSU which gave me the foundation for my career in business,” said Tucker. “Had it not been for a good friend and fraternity brother who introduced me to Dr. Anderson, I wouldn’t have been in accounting/business.  Dr. Anderson personally took the time to explain to me the opportunities in an accounting education/career for a graduate from OSU-Accounting.  He was quite confident in and proud of the accounting department [rightly so] and he personally counseled me on what my course schedules should be and encouraged me to complete my degree program. Thanks Andy.  Vickie and I would like to create the possibility for every OSU student to be lucky enough to meet just one professor like Dr. Anderson while at OSU.”
 
In order to take full advantage of the state’s dollar-for-dollar match, and make the most significant impact on OSU academics, each donor made their gift prior to the July 1 change in the state’s endowed chair matching program.  These gifts are part of the $66.8 million in endowed faculty gifts OSU announced recently.
 
Endowed professorships and chairs are academic designations which provide support for faculty salary, graduate assistantships, equipment and research needs, as well as other support.  These endowed faculty positions allow a university to attract and retain the best and the brightest academic minds in the world.

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