ON JULY 1, 2021, AN ASSET TRANSFER AND TRANSITION AGREEMENT WAS MADE BETWEEN THE COLLEGE AND THE UNIVERSITY OF TENNESSEE. THE AGREEMENT ENABLED THE UNIVERSITY OF TENNESSEE TO ABSORB THE COLLEGE'S INSTITUTIONAL ASSETS AND OPERATIONS FOR THE PURPOSE OF ESTABLISHING A NEW CAMPUS OF THE UNIVERSITY OF TENNESSEE AT THE COLLEGE'S CAMPUS TO BE CALLED THE UNIVERSITY OF TENNESSEE, SOUTHERN. THE GENERAL ASSEMBLY OF THE STATE OF TENNESSEE APPROVED THE NEW CAMPUS AND RELATED TRANSACTIONS ON APRIL 29, 2021, EFFECTIVE JULY 1, 2021. DURING THE YEAR ENDED JUNE 30, 2024, THE FOUNDATION DISTRIBUTED ENDOWED SCHOLORSHIP GRANTS OF $9,583,092.
DatesJul 1, 2023 – Jun 30, 2024