An Arizona couple who graduated from the University of Toledo gave $1 million to create the Alan H. and Karen A. Barry Endowed Professorship in Accounting at UT.

Alan H. Barry and his wife, Karen A. Barry, donated $1 million to the University of Toledo for a professorship.

The university announced the donation.

The Barrys, who live in Scottsdale, Ariz., donated the money to recruit or retain an accounting professor, as well as cover costs related to faculty recruitment, research projects, faculty and staff development, curriculum development, teaching equipment, and the creation of a fellowship program.

Mr. Barry received a business degree from UT in 1966, and Mrs. Barry received an associate degree in 1964.

Mr. Barry is a certified public accountant. He retired after serving as president and chief operating officer of the Fortune 200 company Masco Corp.

“The accounting background I got at the university was beneficial to me throughout my career,” he said, in a written statement. “I’ve always been a supporter of the university, and once I was in a position to do so financially, I felt pretty good about giving back to the university that gave me the opportunity to succeed.”

The couple, who supported the university with previous donations including one that led to the naming of an accounting lab after Mr. Barry, met with UT President Sharon Gaber last week at their home during an alumni event.

Ms. Gaber credited the couple’s generosity for supporting the business faculty and preparing students.

Contact Vanessa McCray at: vmccray@theblade.com or 419-724-6065, or on Twitter @vanmccray.

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