Posted 7/29/2013 10:17 am
Updated 7 months ago
The University of Arkansas announced Monday a $1 million gift from the family of William R. "Bill" Toller, honoring the legacy of the former chairman and CEO of Witco Chemical Company Inc.
The gift is from Toller's wife, Jo Ella, and children, Bob Toller, Michelle Augustini and Greg Toller. The contribution, which is being made through a charitable lead trust, will provide $750,000 toward the Jim and Joyce Faulkner Performing Arts Center, and the remaining $250,000 will establish a scholarship for the benefit of the Arkansas Alumni Association.
Bill Toller, a 1955 graduate of the UA's Sam M. Walton College of Business, died in December 2011. The executive was an active volunteer and advocate of the University of Arkansas and served on the Walton College Dean’s Executive Advisory Board, the Campaign for the Twenty-First Century Steering Committee and the Board of Advisors.
The $250,000 allocated to the Arkansas Alumni Association will establish the William R. Toller Alumni Legacy Endowed Scholarship. Recipients of the scholarship will be selected from the pool of applicants for Arkansas Alumni Association freshman scholarships. Full-time enrolled undergraduate students will also be eligible, as long as they meet the minimum academic requirements.
Bill Toller was honored as a distinguished alumnus of the university in 1997 and received the Walton College lifetime achievement award in 1999.