Two universities have become the beneficiaries of historic gifts.
The University of Tennessee has received a $130 million investment—the largest in its history—from alumni Dee and Jimmy Haslam, CEO and chairman, respectively, of Haslam Sports Group, which owns the Cleveland Browns and a controlling interest in the Milwaukee Bucks, among other things.
The largest share of the gift, $100 million, is designated for the Haslam College of Business—UT’s first named college—in honor of the substantial contribution the Haslams made to the endowment that created it. The investment will support faculty hiring and enhance the college’s student success initiatives, graduate student scholarships and undergraduate honors program.
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