By Dan
Adkins
"Mr. Von Allmen's success
will provide extraordinary opportunities for business students at UK far into the new
century."
--Charles T. Wethington Jr.,
UK President
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June
6, 2000 – (Lexington, Ky.) – Douglas
J. Von Allmen of Fort Lauderdale, Fla., a 1965 graduate of the University of
Kentucky’s accounting program, today announced a $7 million gift to the UK Gatton
College of Business and Economics. The
gift will establish an endowed chair in accountancy, graduate fellowships in accountancy
and support accountancy research programs. In
addition, $2 million of the gift will facilitate activities at the Gatton College’s
Center for Entrepreneurship. The gift is
eligible for a match under the state’s Research Challenge Trust Fund.
“Mr.
Von Allmen’s success will provide extraordinary opportunities for business students
at UK far into the new century,” UK President Charles T. Wethington Jr. said.
Wethington
added he would inform the UK Board of Trustees today of a recommendation he will offer at
the board’s next meeting to name the Gatton College School of Accountancy for Von
Allmen. In addition, Wethington will
recommend renaming the entrepreneurship center the “Douglas J. Von Allmen Center for
Entrepreneurship and E-Commerce.”
"I
think it is wonderful that the Von Allmens want to help us develop a new generation of
accountants and entrepreneurs. Mr. Von Allman’s gift will benefit generations of
students and will have a significant impact
on the future of our college, this university and our commonwealth,” said Gatton
College Dean Richard W. Furst.
Von Allmen, 58, is chairman and co-founder of Group One Capital, a St. Louis-based
venture capital firm launched in 1986. Prior
to that, he was vice president of Harbour Group, an institutional equity fund. He practiced public accounting with KPMG Peat
Marwick and has been financial officer of two publicly owned companies.
He
has acquired more than 25 businesses during his career with Group One Capital and a
predecessor company.
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