John Speer, of Houston, has committed $250,000 to endow the Carlton D. Stolle Faculty Fellowship in Mays Business School. Speer, Class of 1971, made the gift to support a faculty member in real estate education at Mays and in honor of Carlton Stolle, an accounting professor who has taught at Mays for 40 years.

“John’s gift in honor of Professor Stolle is a wonderful tribute to both John’s generosity and the impact Professor Stolle has had on students throughout his distinguished career,” said Dean Jerry Strawser. “This generous gift will have a similar impact on future students studying real estate at Mays Business School.”

Mays Business School currently enrolls more than 4,400 undergraduate students and 800 graduate students. Mays is nationally ranked among public business schools for the quality of its undergraduate program, MBA program, and faculty scholarship.

“It is with great pleasure, pride and appreciation that I have been fortunate enough to be able to honor Professor Stolle through this donation,” Speer said. “I am pleased to have had the opportunity to learn under his tutelage and guidance. This is truly an example of making a difference in someone’s life and not really expecting anything in return, other than a quiet self-confidence of a job well done. I am pleased to be able to speak up for the difference that Professor Stolle and all the other A&M professors have made in the lives of their students, knowing that a simple “thank you’ would have been enough.”

Speer has spent 30 years in the home-building and mortgage industries, participating in the construction and/or financing of more than $5 billion in real estate. He is currently chief financial officer of the Royce Family of Builders, Park Lake Communities, and Hammersmith Financial. He is a member of both the National Association of Home Builders and the Greater Houston Builders Association. He also serves on the Dean’s Development Council at Mays Business School.