AUBURN – Auburn University alumni Mike and Jane McLain of Atlanta have pledged $100, 000, in honor of Mike’s father, to establish the Andrew Carrol McLain Endowment for Scholarships in Auburn’s College of Business.
“Jane and I are very pleased to honor my father with this endowed scholarship,” said Mike McLain. “My father has always believed in getting a good education and in working hard to achieve your goals. We are happy that we can pass this legacy on to deserving Auburn students.”
Arthur Ducote, Regions Central Alabama area executive (on left), presenting a bright green Regions Cruiser bicycle to Auburn University President Jay Gogue.
– Regions Financial Corporation today announced a $1 million commitment to Auburn University, which will be split equally between the School of Forestry and Wildlife Sciences and the College of Business. The funds will support a special endowment for a new professor in forestry in addition to scholarships for the business college.
“Regions is proud to support Auburn University,” said Arthur Ducote, Regions Central Alabama area executive. “Helping our communities to expect more is a vital part of the Regions mission, and, through our support of Auburn University, we’re able to help fulfill that mission for the students and faculty at Auburn, as well as the local community.”
According to the Alabama Forestry Association, forestry generates approximately $13 billion for Alabama and an additional $4.2 billion in wages each year, making it one of the leading industries within the state. The new distinguished forestry professorship will focus on product development and research, identifying creative additional markets for the use of trees. Coupled with the scholarships for the College of Business, Regions’ contribution emphasizes the importance of education to drive the economic engine in the communities it serves.