$1.25 million Whatley gift to Auburn Montgomery to benefit three schools, Wellness Center, Library
February 02, 2012
Carl Whatley Jr. and his wife, Marjorie, have pledged $1.25 million to Auburn Montgomery to support AUM’s schools of Business, Education and Liberal Arts, the AUM Library, the soon-to-be-built Wellness Center and the university’s unrestricted fund.
Whatley is a Montgomery businessman and a 1983 graduate of Auburn Montgomery. He is the founder and chief executive officer of Cendalor Life Science Ventures, which seeks to identify and invest in companies developing niche pharmaceutical products for the U.S. market.
Whatley began his career in pharmaceuticals in 1981 when he joined Wyeth Laboratories. He served Wyeth in several capacities until 2001 when he founded ProEthic Pharmaceuticals. In 2003, he also founded Midlothian Laboratories LLC to sell and market generic pharmaceutical products. He grew ProEthic to a $40 million company in 2006 before selling the company to Kowa Pharmaceuticals in 2008. He retired as chairman and CEO of ProEthic in 2009.
“When I met Marjorie, one of the things her father asked me to do if I wanted to marry her was to get a college degree,” Whatley said. “I chose AUM, and the faculty I met there and the education I got there showed me that I could succeed at whatever I chose to do with my life. This gift is our effort to give back a portion of what AUM has given us.”
The Whatleys have pledged $250,000 to the schools of Business, Education and Liberal Arts to create a Carl and Marjorie Whatley Endowed Scholarship in each school; $250,000 to the AUM Wellness Center; $200,000 to the university’s unrestricted fund; and $50,000 to create the Carl and Marjorie Whatley Endowment in the AUM Library.
“We are very fortunate to number Carl and Marjorie Whatley among our biggest supporters,” said AUM Chancellor John Veres. “They have freely and generously provided substantial financial gifts to our university. Equally importantly, Carl and Marjorie have repeatedly demonstrated their commitment to AUM through their attendance at virtually every important fundraising event, and Carl has freely given his valuable time to assist us in more ways than I can count.”
Whatley is chair of Auburn Montgomery’s Chancellor’s Advisory Board. He and his wife are also members of the Chancellor’s and 1967 donor societies. The Whatleys are life members of the AUM and Auburn University alumni associations.
“Carl has been a great friend and supporter of Auburn Montgomery,” said Carolyn C. Golden, AUM’s vice chancellor for advancement. “He is the kind of friend to AUM that asks what he can do and, when he’s done it, asks what more he can do. The tremendous generosity that he and Marjorie have shown us with this gift – and everything they’ve done for this university – is overwhelming.”
Auburn Montgomery’s official groundbreaking for its new Wellness Center is set for 1 p.m. on Friday, Feb. 4.