Mays Business School Receives Lead Gifts in Department of Accounting Naming
By Texas A&M Foundation
The Texas A&M Foundation has received two lead gifts totaling $4 million in a $10 million fundraising campaign to name the Department of Accounting in honor of James J. Benjamin in Mays Business School at Texas A&M University. David Baggett, a 1981 graduate of the university with a degree in accounting, and his wife Denise have committed $2 million to the campaign. Ernst & Young has also committed a gift of the same amount. Both gifts will be endowed to support the needs of the department and to ensure its future growth.
The idea to name the Department of Accounting resulted after discussions between Mays Business School, David Baggett and Ernst & Young partner, T. Randall “Randy” Cain, a 1982 graduate from the accounting program and a Texas A&M Foundation trustee. James Benjamin was presented as a worthwhile namesake for the department because of his decades-long commitment to students. The Texas A&M University System Board of Regents recently approved the naming of the James J. Benjamin Department of Accounting.
“The Department of Accounting at Texas A&M is one of the leading accounting programs in the United States, largely due to Dr. Jim Benjamin’s leadership over 35 years as department head,” said Eli Jones, dean of Mays Business School. “In recognition of his extraordinary leadership and selfless service, former students David Baggett ’81 and Randy Cain ’82 have co-led the fundraising effort to name the department in honor of Dr. Benjamin. This funding will help sustain efforts in the department to maintain its national prominence in accounting research and teaching.”
The campaign to name the Department of Accounting is intended to enhance the visibility of the department and provide young people in the field additional opportunities to explore the accounting profession. In addition, the endowment will allow the department to recruit outstanding faculty, develop international opportunities for students to learn global accounting practices, and support high-impact educational programs, such as the Professional Program and the Energy Accounting Program.
Benjamin is the Deloitte Foundation Leadership Professor and head of the accounting department. He joined the faculty at Texas A&M in 1974 and has served as department head since 1982. After attaining his undergraduate degree and CPA license, he received his M.B.A. and DBA degrees from Indiana University. He previously served as the Ph.D. coordinator for Mays Business School and director of the school’s honors program.