Kate Tiedemann College of Business Building Ribbon Cutting on Jan. 17
(March 30, 2016) – The University of South Florida St. Petersburg (USFSP) announced today it has received a $5 million gift from former Raymond James executive Lynn Pippenger, the second largest single gift in its history, to name the Kate Tiedemann College of Business building. Effective immediately, and with formal approval from the USF System Board of Trustees, the building becomes Lynn Pippenger Hall. The new four-story building currently is under construction and on track for a September opening.
“Lynn Pippenger is a true USF success story, having attended both USF Tampa and USF St. Petersburg,” said USF System President Judy Genshaft. “This new gift will enhance the academic opportunities provided to students and faculty for generations to come – on both sides of the Bay. Her generosity is truly inspiring.” “This is yet another momentous day for USF St. Petersburg,” said Regional Chancellor Sophia Wisniewska. “So many students will benefit by this stunning, state-of-the-art building, along with the programs and scholarships made possible by very successful and generous women: Kate Tiedemann, Ellen Cotton and Lynn Pippenger.”
Pippenger has long been a supporter of USF. She attended USFSP during the 1980s and later graduated with honors from USF's Executive MBA program. In February 2015, USF announced that its School of Accountancy in Tampa would be named for Pippenger, whose total giving to the Muma College of Business exceeds $21 million, and whose generosity has fueled the USF System’s Unstoppable fundraising campaign to well over $900 million in donor support. Pippenger's gift to USF St. Petersburg will fund merit scholarships for full- and part-time undergraduate students in the Kate Tiedemann College of Business who are studying Accounting or Finance. “I spent a lot of time at USFSP over a period of years while I was working full time,” said Pippenger. “Scholarships can ease the financial struggle for some students, or provide the funding needed for students to travel abroad or participate in civic learning. In this way, they learn to give back themselves, usually in time or talent.”
Pippenger began working at Raymond James in 1969. She was hired as a payroll clerk in the then-unknown brokerage firm. Pippenger says that job quickly evolved to become a "whatever comes my way" job, and she worked alongside Bob and Tom James to help build the company. She served as chief financial officer and treasurer of the firm, while handling numerous special projects as the company grew. She created the firm's human resources department and launched an internal educational program now known as "Raymond James University." Eventually, she helped file the paperwork to take the company public. Pippenger retired in 2012.
“We have ambitious goals for the future and Lynn’s generous donation is a critical part of our path forward,” said Joel Momberg, CEO of the USF Foundation. “USF is so fortunate to have donors like Lynn Pippenger who realize their gifts can have such a dramatic and positive impact here, in the Tampa Bay region and beyond.”
In September 2014, USFSP announced that its College of Business would be named for entrepreneur Kate Tiedemann in recognition of a $10 million gift. Tiedemann is a resident of Pinellas County and the founder and former CEO of Katena Products, Inc., one of the most successful precision eye instruments companies in the world. The Kate Tiedemann College of Business is one of few worldwide to have earned AACSB accreditation in both business and accounting. Its online MBA program is ranked among the nation’s top 15 online programs by US News & World Report.
USF St. Petersburg received more than $27 million over three years in legislative appropriations to construct a new building for the College. The 68,000 square-foot building is slated to open in time for fall classes.
The University of South Florida St. Petersburg (USFSP) is a separately accredited, research-active institution within the USF System. USFSP offers 24 undergraduate and 12 graduate programs in three colleges: Arts and Sciences, Business, and Education. USFSP is recognized for its significant commitment to community involvement and civic engagement by the Carnegie Foundation for the Advancement of Teaching.
The USF: Unstoppable Campaign is a comprehensive fundraising effort by the University of South Florida System to celebrate the energy, vision, and future of one of the country’s most exciting and engaged universities. Our people and programs, our ideas, our research, and our solutions comprise an ambitious plan to enhance healthcare, science, technology, education, business, the arts, and global partnerships.