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The SunTrust Foundation has gifted $25,000 to the College of Business Administration Finance Department Enrichment Fund at the University of Tennessee, Knoxville.

“The SunTrust Foundation has been a long-time and an extremely valued partner of the college and the Department of Finance,” said Jim Wansley, Clayton Homes Chair of Excellence and head of UT’s Department of Finance. “This gift will allow the finance department to maintain and enhance support of students and faculty.”

“On behalf of the SunTrust Foundation, we are very pleased to be in a position to continue our long-standing support of the University of Tennessee and its College of Business Administration,” said Mike Butler, chairman, president and CEO of SunTrust Bank, Eastern Tennessee.

“During a period of economic stress when budgets are highly constrained, we are excited that the SunTrust Foundation is in a position to provide meaningful financial support to UT. At SunTrust, we believe strongly that if you build your community, you build your bank.”

The SunTrust gift is part of the Campaign for Tennessee, UT’s $1 billion fundraising effort. The most ambitious effort in the university’s history, the campaign places UT among the ranks of the nation’s largest public and private institutions that have sought this level of private support.

The campaign secures private gifts through contributions, pledges and planned giving to advance the university’s strategic goals that include improving student access and success, research and economic development, outreach and globalization. More than 98 percent of all gifts are designated for a specific purpose or program, such as scholarships or endowed professorships, and help provide the vital resources to advance key initiatives.

For more information about the College of Business Administration, visit