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An honors organization for UT business students is one step closer to its goal of establishing a $300,000 endowment that will cover expenses for its annual educational enrichment trip to New York City.

The UT Beta Alpha Psi chapter has received $75,000 from a charitable foundation managed by Michael Lobel, a 1971 accounting alumnus of the College of Business Administration. The gift is the first toward establishing the endowment, which will allow future classes of accounting, information management, and finance students to learn from business professionals in New York City.

Lobel is a New York native and a practicing certified public accountant in the city.

Once other interested donors have contributed the remaining $225,000, the endowment will cover the majority of travel expenses incurred by students during their stay in the city. The trip will include visits to the financial district, the New York Stock Exchange, and organizations such as the National Football League. For many of the junior and senior business students, the trip will be their first time traveling outside of the southeastern United States.

“I am very pleased to provide a New York City enrichment experience to deserving students from the university that gave me a terrific accounting education,” Lobel said.

For more information about the endowment or to contribute, contact the Office of Development and Alumni Affairs in the College of Business Administration at 865-974-6083.


Meredith Hulette (865-974-7392,