Funding was recently completed for the $500,000 Ljungdahl/PricewaterhouseCoopers Chair in Accounting, named in honor of former Mays faculty member Dr. Philip Ljungdahl, who died in an automobile accident in 1989. The endowment supports excellence in teaching and quality research in accounting.

Ljungdahl, who joined Mays in 1970, taught more than 10 different accounting courses and served as chair for more than 30 master’s and doctoral students during his tenure at Texas A&M. He received a Distinguished Achievement Award in Teaching from The Association of Former Students, the Outstanding Teacher Award from Mays Business School and the Student Council Award for Distinguished Faculty-Student Relations.

“We have consistently faced a very competitive market for qualified accounting educators,” says Department of Accounting Head Jim Benjamin. “This significant endowment will increase our ability to attract and retain outstanding faculty — those with similar interests in teaching, scholarship and mentoring students as Phil Ljungdahl.”

Long-time Mays supporters F.R. Bennett ’27 and the partners and staff of PricewaterhouseCoopers funded the endowment. Bennett, who owned an insurance business in Dallas until he retired in 1970, created eight scholarships and four chairs at Mays before he passed away in 2002.

PricewaterhouseCoopers has previously endowed several scholarships, a graduate fellowship, a faculty fellowship and two professorships in the accounting department, with a combined current value of exceeding $2 million. The firm is also currently funding an accounting excellence endowment as part of Texas A&M’s One Spirit, One Vision campaign.