- Associated Press - Thursday, March 16, 2017

NORFOLK, Va. (AP) - Old Dominion University plans to strengthen its accounting school after receiving a $3 million gift.

The school in Norfolk says the financial commitment comes from accounting school alum Robert W. Mitchell and his wife.

The 1987 grad owns and operates an accounting firm in Vienna, Virginia. The money will create an endowment to fund student scholarships, programming and faculty support at ODU’s School for Accountancy.

Jeff Tanner, dean of the Strome College of Business, says fewer students pursue the master’s degree that’s often needed to become a certified public accountant. He said the gift will support students who want to get the advanced degree.

Tanner says the money will also help in recruiting high quality students and faculty.

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