FAU’s College of Business to Celebrate the Dedication of Phil Smith Hall and Center for Free Enterprise
Florida Atlantic University will celebrate the dedication of Phil Smith Hall and the Center for Free Enterprise at FAU’s College of Business with a special unveiling ceremony on Tuesday, Jan. 16 at 4 p.m., at the Sean Stein Pavilion in the College of Business.
By james-hellegaard | 1/12/2018
Florida Atlantic University will celebrate the dedication of Phil Smith Hall and the Center for Free Enterprise at FAU’s College of Business with a special unveiling ceremony on Tuesday, Jan. 16 at 4 p.m., at the Sean Stein Pavilion in the College of Business, 777 Glades Road, Boca Raton campus.
FAU President John Kelly and Daniel Gropper, Ph.D., dean of the College of Business, will speak at the event.
The $5 million gift from Phil and Susan Smith to establish the Center for Free Enterprise and name Phil Smith Hall is the largest gift to the College of Business in FAU’s history. The main tower at the College will be named Phil Smith Hall in honor of the FAU alumnus. The Hall and Center will be dedicated to Smith’s legacy and the many positive contributions he made to business and society.
Smith, a leading Broward County businessman and philanthropist, died in December 2016 after suffering from ALS, also known as Lou Gehrig’s Disease.
The Phil Smith Center for Free Enterprise will support the vision and strategic plan of the College of Business to advance thought leadership in business, adding chaired professorships and supporting research and educational programs for faculty members and students. The Center will also support distinguished visiting faculty along with a lecture series and other educational programs focused on the principles of free enterprise and how those principles affect growth and prosperity. Faculty will conduct research and develop programs based on the business philosophy and principles that guided Smith over his career.
A native of South Florida, Smith graduated with a Bachelor of Science degree in finance in 1969 from FAU’s College of Business. He was president and CEO of Phil Smith Management, Inc., operating 11 automobile dealership locations representing 25 franchises in Florida and North Carolina; as well as the Coral Ridge Country Club. For more than 30 years, Smith managed auto dealerships and built his organization from the ground up, starting from his first equity venture in a Toyota dealership in Homestead in 1980.
Smith was a member of the FAU Foundation Board and was named a distinguished alumnus of the College of Business in 2015.
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About Florida Atlantic University
Florida Atlantic University, established in 1961, officially opened its doors in 1964 as the fifth public university in Florida. Today, the University, with an annual economic impact of $6.3 billion, serves more than 30,000 undergraduate and graduate students at sites throughout its six-county service region in southeast Florida. FAU’s world-class teaching and research faculty serves students through 10 colleges: the Dorothy F. Schmidt College of Arts and Letters, the College of Business, the College for Design and Social Inquiry, the College of Education, the College of Engineering and Computer Science, the Graduate College, the Harriet L. Wilkes Honors College, the Charles E. Schmidt College of Medicine, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. FAU is ranked as a High Research Activity institution by the Carnegie Foundation for the Advancement of Teaching. The University is placing special focus on the rapid development of critical areas that form the basis of its strategic plan: Healthy aging, biotech, coastal and marine issues, neuroscience, regenerative medicine, informatics, lifespan and the environment. These areas provide opportunities for faculty and students to build upon FAU’s existing strengths in research and scholarship. For more information, visit www.fau.edu.