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Patrons: Kenneth and Theresa Smith

Indiana State alumnus, Dr. Kenneth L. Smith, in June 2021, gave $1 million to the university to honor his late wife and support scholarships in accounting, economics, finance, and history. Smith, who taught economics and finance for 42 years at the university level, met his wife at the University of North Texas. The couple were married for 32 years prior to Theresa’s passing in 2019.

Kenneth and Theresa Smith

Kenneth and Theresa Smith

In recognition of the gift, the Board of Trustees approved the naming of the Kenneth L. Smith and Theresa Kathryn (Klein) Smith Magna Carta Courtroom on the second floor of the Federal Building, home of the Scott College of Business. The space, once a federal courtroom, features a mural depicting the 1215 signing of the Magna Carta. It was painted in 1935. Smith said an elementary school field trip to what was then the Terre Haute Post Office and Federal Building left a lasting impression.

Kenneth L. Smith and Theresa Kathryn (Klein) Smith Magna Carta Courtroom mural

Kenneth L. Smith and Theresa Kathryn (Klein) Smith Magna Carta Courtroom mural

Scott College of Business dean, Terry Daugherty said that "We are extremely proud of Dr. Smith’s career as a business professor and humbled by his desire to support future Sycamores. Ken and Terri shared a passion for accounting and finance, among many other interests, and it is a privilege to honor their legacy together in one of the most distinguished and beautiful spaces on campus."

It was also announced that the Conference Room on the first floor of the Federal Hall would be renamed the Richard W. Smith Sr. and Dorothy Smith Postmaster’s Conference Room in recognition of an additional contribution to Indiana State by Smith, whose father worked in the Post Office for more  30 years.

Federal Hall - FD101 Conference Room

Richard W. Smith Sr. and Dorothy Smith Postmaster’s Conference Room - FD101

ISU alumnus honors his late wife with $1 million gift for scholarships (June 16, 2021)