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Ernst & Young donates $500,000 to Calloway School for professional development center


April 1, 2008

The Ernst & Young Foundation has announced a donation of $500,000 to Wake Forest University, which will use the funds to create a new student professional development and advising center in the Calloway School of Business and Accountancy. 

The center, to be named the Ernst & Young Professional Development Center, will be housed in about 900 square feet of remodeled space on the ground floor of Kirby Hall.  Beginning with the fall 2008 semester, the center will be managed by the Calloway School’s first director of student professional development, who will offer dedicated professional development programs and advising services to all Calloway School majors.

Wake Forest and Calloway School administrators hosted officials from the accounting firm April 1 at the site of the new center to unveil an interior designer’s  rendering of the center and to formally launch the project.

“For Ernst & Young, this gift underscores our commitment to Wake Forest and the future business leaders that are graduating from the Calloway School,” said Tom Hough, vice chair of Ernst & Young. “We know that academic advising and career counseling are two critical success factors for any undergraduate business school, and we hope this donation will further the high-caliber professional development already offered to Calloway students.”

Jack Wilkerson, dean of the Calloway School, noted the firm’s longstanding support for academic programs and said the center will help students add business savvy and a more polished professional demeanor to the technical skills they have acquired.

“Ernst & Young’s relationship with the Calloway School epitomizes for me the strong partnership that is absolutely necessary for the continued success of our school,” Wilkerson said. “The thing that has been most impressive to me about the friendship and support of this firm is Ernst & Young’s sustained efforts to enhance our school and especially to enhance our learning environment and the development of our students. This generous gift, this Center, will assure that our graduates are exceedingly ready on day one.”

U.S. News and World Report ranked Wake Forest 30th among national universities in its 2008 edition of “America’s Best Colleges.  BusinessWeek magazine ranks the Calloway School 21st among the nation’s top undergraduate business schools, and U.S. News & World Report magazine ranks the school 27th.  Since the Calloway School began offering a Master of Science in Accounting degree in 1997, its graduates have achieved the top national ranking six times and placed second in the nation three times for the highest percentage of candidates passing all four sections of the test on their first attempt.  For more information about the Calloway School, visit http://calloway.wfu.edu.

Ernst & Young is a global leader in assurance, tax, transactions and advisory services, with 130,000 people in 140 countries.  The Ernst & Young Foundation was formed in 1937 to provide philanthropic support to institutions of higher education.  Ernst & Young and the Ernst & Young Foundation have given more than $100 million to educational organizations throughout the United States. Further information about Ernst & Young can be found at www.ey.com/perspectives.

Press Contacts:

Eric Frazier
(336) 758-5237


Kevin Cox
(336) 758-5237


Wake Forest University President Nathan O. Hatch (far right) and Jack Wilkerson (second from right), dean of the Calloway School of Business and Accountancy, accept a replica check representing the $500,000 gift the accounting firm made to the university to create the Ernst & Young Professional Development Center in the Calloway School.  Presenting the check during a ceremony April 1 in Kirby Hall is Ernst & Young Vice Chair Tom Hough (far left) and Randall Duncan, an Ernst & Young partner and 1992 Wake Forest graduate.
Wake Forest University President Nathan O. Hatch (far right) and Jack Wilkerson (second from right), dean of the Calloway School of Business and Accountancy, accept a replica check representing the $500,000 gift the accounting firm made to the university to create the Ernst & Young Professional Development Center in the Calloway School. Presenting the check during a ceremony April 1 in Kirby Hall is Ernst & Young Vice Chair Tom Hough (far left) and Randall Duncan, an Ernst & Young partner and 1992 Wake Forest graduate.
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