J. Rogers Rainey Jr. ’44 immensely enjoyed his decades-long career as a CPA, made possible by a degree from A&M. That led him to name Mays Business School in his estate in 1992, the year before his death. The gift of more than $1 million, now realized, will be used to establish a chair in accounting in his and wife Kathleen’s names.
James Benjamin, longtime head of the Department of Accounting, says that Rainey was one of the first former students he met when he assumed the leadership role.
“I vividly remember how much Mr. Rainey cared about the success of our program and I am certain that he would be very proud of the continuing accomplishments of our program,” said Benjamin. “He clearly recognized the importance and value of endowment support and it is personally gratifying to have such a significant endowment with the Rainey name.”
Rainey’s leadership and dedication laid the foundation for the College of Business at A&M that today is Mays. The chair in accounting will provide students the opportunity to learn from individuals who are as passionate about accounting as Rainey himself. As Rainey once said in a letter to Benjamin, “accounting problems, and even some tax accounting problems, and their solution, elimination, or mitigation is really more fun than Cracker Jacks.”
After graduation in 1944, Rainey didn’t think long about what he should do next. He, like many of his time, donned a uniform and fought for his country in World War II. Later, he served in the Air Force during the Korean conflict. When the war was over, Rainey earned a master’s degree in accounting from Texas A&M, moving to Corpus Christi, where he would live and work for more than 40 years. Rainey became a partner in the CPA firm of Rainey, Lucke, and Associates in the 1950s, and for many years remained actively involved in the College of Business Administration at Texas A&M where he served on the development council.
He was an elder and a trustee of First Presbyterian Church in Corpus Christi and enjoyed flying and fishing. He was an enthusiastic traveler who loved to relate tales of his travels and war experience to younger generations of Aggies. Rainey saw the time he spent with young Aggies as a valuable investment, as he would often hire exclusively from the College of Business, asking professors to recommend Aggies who excelled in their studies and displayed leadership skills to join his firm.
Mays selected Rainey as a 1993 Outstanding Alumnus posthumously for his prominent professional career and his devotion to the progress of the school.