Georgia Tech Gets $50 Million Gift From Ernest Scheller

The Georgia Institute of Technology received a $50 million gift from Ernest Scheller Jr. and renamed its business school in his honor.

The donation, once completed next year, will be the largest cash gift to the university, Atlanta-based Georgia Tech said today in a statement on its website. The College of Management will now be named the Ernest Scheller Jr. College of Business.

Scheller, who graduated from Georgia Tech in 1952, is chairman emeritus of Silberline Manufacturing Co., a closely held maker of pigments for the auto industry in Tamaqua, Pennsylvania. The company was founded by his father in 1945. Scheller’s gift has been used to create nine faculty chairs, 37 undergraduate scholarships and six graduate fellowships, according to the statement.

Georgia Tech, founded in 1885, is a state university with more than 20,000 students. Former students include Michael Duke, chief executive officer of Wal-Mart Stores Inc. and Jimmy Carter, the 39th president of the United States, who attended for a year.

To contact the reporter on this story: Oliver Staley in London at ostaley@bloomberg.net

To contact the editor responsible for this story: Lisa Wolfson at lwolfson@bloomberg.net

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