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ACCOUNTANCY ALUM GIVES $7 MILLION
TO UK BUSINESS COLLEGE

By Dan Adkins

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"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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