UT Business class giving thousands to charities

Published: Mar. 31, 2016 at 11:39 AM EDT
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East Tennessee nonprofits stand to gain $30,000, thanks to generous donations to a University of Tennessee class. Students at Knoxville's Haslam College of Business will practice leadership for nonprofits and social entrepreneurship, deciding how to distribute the funds.

Donations for this class project started with $10,000 from the Learning by Giving Foundation. Then, UT alumni Jim Haslam and Jim Clayton each matched the $10,000 donation.

"We are excited to have the University of Tennessee, Knoxville, join our community of philanthropy educators," said Ellie Mudge, executive director of the Learning by Giving Foundation. "We are also thrilled that two other funders see the value in experiential learning by providing additional grant dollars for the students to distribute."

"There are three stages of your life: the learning stage, the earning stage and the returning stage," said Haslam. "You never stop learning, and you need to start returning at an early age, whether it is in time, talent or money."

Local nonprofits are invited to submit grant proposals this summer. Then next fall, the students will work on specific grant requirements, review proposals and interview nonprofit leaders to determine where the funds should go.