LU News Archive

Gene and Elizabeth Arnold Innovation Fund established

A new endowment fund has been established at Lamar University in honor of Gene and Elizabeth Arnold, respected Lamar alumni. This endowment will provide funds for new programs and to enhance existing ones, to support teaching, research, service and professional development activities of the College of Business.

“I am delighted that Gene and Elizabeth Arnold have agreed to establish an innovation fund,” said Henry Venta, dean of the college. “The fund will be invaluable to the College of Business as it provides flexibility as we seek to launch new ideas and programs.”

Arnold played an important role in the arena of business and economic development in Southeast Texas as the assistant director and director of the Small Business Development Center at LU from 1991 until his retirement in 2005.

“Gene and Elizabeth have been vital members of the Lamar University family for more than 50 years,” said Floyd McSpadden, director of planned giving. “By the creation of this innovation fund, they have demonstrated their faith in the future of Lamar.”

Arnold’s skills for strategic planning, financial systems development, acquisition analysis and business valuations made him a valuable player in the economic climate of the region throughout his career.

He holds a bachelor of business administration degree in accounting, and a MBA from Lamar University. As a certified public accountant, Arnold served large and mid-sized companies as controller, vice-president of finance and president. He continues to serve on the Board of Directors of M&D Supply, Inc. He also joined Affiliated Partners Group Inc. in 2005 and continues to be active with business consulting Gene Arnold Enterprises. His recent endeavors have taken him to Peru and other international destinations.

His community involvement includes service on the Board of Directors of the Rotary Club of Beaumont.

Elizabeth Arnold attended Lamar University and has been a faithful supporter of the school. She retired after a 20 year career with the Texas Department of Human Services.

The Arnold’s relationship with Lamar continues with their son, Lloyd, who is working on a master of business administration in the College of Business.

For more information about establishing an endowment, contact the Lamar University Foundation at (409) 880-2117.