VSU receives multi-million dollar donation - WALB.com, Albany News, Weather, Sports

VSU receives multi-million dollar donation

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August 14, 2002

by Ashley Harper

The level of education a student receives from Valdosta State University will soon be raised. Thanks to a generous donation from a prominent Valdosta family, the university's college of business is experiencing tremendous growth.

"It will enable us to do some things we have just dreamed of up to this point,"said Dean Kenneth Stanley.

VSU President Ronald Zaccari recently announced an eight million dollar donation to the college from the estate of Lillian Steele.

"Its really a transformational type gift because it will really improve the level of education our business students receive," said Sandra Fletcher, VSU Fundraising Director.

The Steele donation is the largest in VSU history. The college plans on investing the money and using the proceeds to offer scholarships in finance and accounting. It will also be used to bring guest lecturers and recruit students to the college of business.

"We've had a real challenge with our recent increase in enrollment but now we will be able to serve the increased students," said Stanley.

The Steeles were long-time residents of Valdosta and strong supporters of the university system. VSU faculty members say words can't express their gratitude.

"I think Rea and Lillian Steele's vision for education was a great one and we're just happy to be a part of their generosity," said Stanley.

In appreciation for their generosity, the Board of Regents has approved the naming of VSU's north campus as the "Rea and Lillian Steele Business Center North Campus."