UTC recently received its largest gift ever in the form of a $40 million donation from a couple in Atlanta. (Photo: UTC University Relations)

The University of Tennessee at Chattanooga recently received $40 million in its largest gift ever from a couple in Atlanta.

(From left to right) UT System President Joe DiPietro, UTC Chancellor Dr. Steven Angle and Dean of the Gary W. Rollins College of Business Robert Dooley (Photo: Contributed)

The donation was made by Gary W. Rollins and Kathleen Rollins who will now become the namesakes of the UTC College of Business.

The UTC board of trustees voted unanimously to rename the college as the Gary W. Rollins College of Business.

The money from the donation may be used for creating and supporting applied research opportunities, scholarships, recruitment of faculty, classroom renovations, computer labs, offices and common areas in Fletcher Hall, home of the business college.

UTC Chancellor Steve Angle said that the gift is unprecedented and will have a “transformational” impact on the university.

“Almost without exception, every great university has an outstanding college of business, and the Rollins’ gift will enable us to raise the bar for success higher than ever before,” he also said. “Their commitment to UTC will mean state-of-the-art facilities for students and faculty, and applied research opportunities that will challenge students and better prepare them to succeed.”

Gary W. Rollins graduated from UTC in 1967 with a B.S. in business. He is also the CEO and Vice Chairman of Rollins, Inc., a New York Stock Exchange corporation with many holdings including Orkin.

Rollins said he’s happy to support the college because of its effect on the local economy.

The UTC College of Business, under Dean Robert Dooley’s leadership and fully supported by Chancellor Steve Angle, has a history of success built around community involvement that offers students hands-on experience and, ultimately, a stronger opportunity to be job-ready upon graduation. At the same time, the College of Business has been a driving force in helping the Chattanooga region’s economic growth which, in turn, has made southeastern Tennessee one of the nation’s most desirable destinations.