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$1M endowment establishes accounting chair

OKLAHOMA CITY, OK - Jan. 14, 2005 - Oklahoma Christian University (OC) officials announced today the establishment of the J.J. (Joe) Millican Endowed Chair in Accounting.

The endowment, which will total $1 million, will support Oklahoma Christian and the accounting discipline within the School of Business Administration in the university's College of Professional Studies.

Don Millican and his wife, Donna, established the endowment to honor Don's father, J.J. (Joe) Millican. A respected Christian businessman, faithful husband and devoted father, J.J. Millican worked as a certified public accountant and as a national partner with Ernst & Young until he retired in 1980. He passed away in 1990.

Don Millican is chief financial officer of the Tulsa-based Kaiser-Francis Oil Company, owned by George Kaiser. He chairs OC's Board of Trustees and serves on the university's Business Advisory Council.

"It is a genuine personal joy to partner with Don and Donna Millican in honoring Don's father, J.J. Millican. Through their generosity of time, money and wisdom, the Millicans have proven to be extraordinary friends and leaders of this university," OC president Dr. Mike O'Neal said. "This endowment is a permanent legacy that will bless students for generations to come."

Income from the endowment will be used to provide academic opportunities to OC students, faculty and the university community through scholarships, programs, activities and other efforts. The permanent resources will fund both new initiatives and ongoing expenses related to the College of Professional Studies.

Among the planned initiatives is a lectureship series that will bring accounting and business experts to campus to provide unique educational experiences for OC's students, faculty and staff, as well as the surrounding community.

"The accounting chair endowment by Don and Donna Millican allows the School of Business Administration to build on its core strengths, launch exciting new initiatives in accounting, and continue our drive toward excellence," said Dr. Phil Lewis, dean of OC's College of Professional Studies. "It provides our students with more opportunities to stand out in the demanding and changing business world, and to meet the challenges ahead with confidence."

For four straight years, graduates from OC's School of Business Administration have achieved the highest pass rate of all Oklahoma universities on the CPA examination. OC's business programs on both the undergraduate and graduate levels are accredited by the Association of Collegiate Business Schools and Programs, an organization for small- to medium-sized higher education institutions. Oklahoma Christian is one of just three universities in Oklahoma to have master's programs accredited by ACBSP.

"It is a privilege to serve this university as chairman, as I believe so strongly in its worth and its mission. In honoring my father, I hope to set forth an example of a man who held Christian principles and integrity as his most valuable business assets," Don Millican said.

In addition to Don and Donna Millican, other family members who participated in the announcement at OC's Friday Chapel service were: the Millicans' daughter Kate Hartman, who along with her husband Luke are OC alumni; son Eric Millican and his wife Summer, also an OC alumna; and Don's brother Terry Millican, his wife Gayle and son Travis.

The gift to establish the Millican Endowed Chair is the third gift of at least $1 million to Oklahoma Christian within the past year. In Sept. 2004, alumni Charles and Lesa Branch pledged $1.5 million toward redevelopment and support of the newly-named Williams-Branch Center for Biblical Studies, and toward endowment to support Oklahoma Christian and its College of Biblical Studies.

In April 2004, Oklahoma Christian received the final installment on a gift of 4 million shares of Lawson Software stock from OC alumni H. Richard and Pat Lawson. Valued at almost $30 million, it is one of the two largest gifts in the university's history, along with the $40 million gift from the late Edward L. Gaylord, chairman and publisher of The Oklahoma Publishing Company.

Also within the past year, Chesapeake Energy Corporation and OG&E each established scholarships at Oklahoma Christian, while a Kirkpatrick Foundation grant will support a national lecture series. Oklahoma Christian also recently announced endowments to establish the Harold and Mary Helon Fletcher Center for Music and the Bailey and Joyce McBride Center for Faith and Literature.

Oklahoma Christian, a private, four-year comprehensive university ranked seventh overall in the 16-state western region by U.S. News & World Report, offers degree programs in more than 60 fields of study in three colleges: the College of Arts and Sciences, the College of Biblical Studies and the College of Professional Studies. The university also offers two graduate degree programs in Biblical Studies plus one- and two-year Master of Business Administration programs.

- OC -