The John H. Schnatter Center for Free Enterprise will 鈥済ive our students the opportunity to learn from some of the greatest business minds in the world,鈥 said UofL President James Ramsey. 鈥淲e鈥檙e honored that John and Annette Schnatter and the Charles Koch Foundation board have confidence in UofL to make this happen.鈥
UofL will combine funds from the John H. Schnatter Family Foundation and Charles Koch Foundation to recruit two tenure-track professors and up to four doctoral fellows plus staff for the center, which will offer classes and a speaker series, conduct research, award fellowships and attract visiting professors. Stephan Gohmann, an economist who joined UofL in 1988 and became its BB&T Distinguished Professor of Free Enterprise in 2009, will be director.
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The Schnatter foundation is supplying $4.64 million鈥攁bout 80 percent鈥攐f the total gift, with the Charles Koch Foundation making up the remaining $1.66 million.
Schnatter, founder and chief executive officer of Papa John鈥檚 International, and his wife, Annette, are previous UofL donors and have supported community organizations such as Junior Achievement and the WHAS Crusade for Children. UofL鈥檚 Papa John鈥檚 Cardinal Stadium is named after Schnatter鈥檚 company.
鈥淚 firmly believe in the spirit of entrepreneurship and the need to equip today鈥檚 generation with the know-how to launch successful businesses through free enterprise principles,鈥 Schnatter said. 鈥淲e didn鈥檛 get that kind of training in my day, and I鈥檓 passionate about helping ensure that those who start new businesses will now have the resources and tools they need to succeed.鈥
The Charles Koch Foundation has funded programs at more than 250 U.S. colleges and universities and has previously donated to UofL.
鈥淭he faculty joining the Schnatter center will research important questions about how to best enable people to live better lives,鈥 said Brian Hooks, Charles Koch Foundation president. 鈥淲e鈥檙e thrilled to partner with the Schnatters on this important project, and we鈥檒l continue to support the good work at UofL.鈥
The Center must still be approved by the UofL Faculty Senate and the Board of Trustees.
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