Donor Credits University of Mississippi Accountancy School for Success


Published on November 7, 2022 |
by the University of Mississippi

Donation from Macione Building Fund demonstrates school’s far-reaching impact

Joe Macione and his family have prospered because his accounting degree from University of Mississippi gave him the tools to succeed in his career. Therefore the Bristol, TNresident recently decided it was time to help others have the same chance at prosperity.

“My wife, Annette, always reminds me that you share your material possessions with those who feed you,” Macione said, adding that bookkeeping also had great benefit for the next two generations of her family. “I consider my accounting degree as something that has nurtured me well over the years.”

Her daughter, Kimberly Butlerearned a bachelor’s and master’s degree in Patterson School of Accounting in 1983 and 1984 respectively. Kyle Macione graduated with a bachelor’s degree in accounting in 1986. Likewise, Joe’s granddaughter and Kyle’s daughter, Alexandra Macioneearned a bachelor’s degree in accounting from UM in May and will begin graduate studies this fall.

Joe Macione’s appreciation for his foundation in the profession led him to donate $100,000 to the Patterson School of Accounting Building Fund.

“We are grateful for their generous support of our construction project,” said Mark Wilder, UM’s dean of accounting. “Our new building will be located on prime university land and will help us tremendously in recruiting top talent to the Patterson School.

“It’s wonderful that three generations of the Macione family support the Patterson School of Accountancy. The new building will elevate our already renowned accounting program to greater heights.

The school offers a bachelor’s degree, four master’s degrees and a doctorate in accounting. It is the top accounting school in the SEC and has ranked in the top 10 programs nationally for a decade. recently ranked the Ole Miss program No. 8 in the country.

“Our reputation for producing excellent students means employers nationwide seek out our students for internships and our graduates for full-time jobs,” Wilder said. “We are currently teaching accounting courses across campus and look forward to the sense of community we will have with the new building and all of our classes under one roof once again.”

In 2021, UM awarded a record number of accounting degrees – 588, of which 253 were master’s degrees. Over the three-year period from 2020 to 2021, eight be miss students got the Elijah Watts sells the prize, the most prestigious CPA exam award in the world. This ranks the school No. 1 in the SEC and tied for No. 4 nationally in number of Sells winners over the past three years.

The construction fund will provide a new four-story building that will provide study spaces, faculty offices, and outdoor space, as well as new multi-level auditoriums and advanced classrooms for the in-demand program. The 110,000 square foot building will overlook The Grove from the corner of University Avenue and Grove Loop.

“The Macione family is an example of how an Ole Miss accounting education can change the trajectory of a family for generations,” said Jason McCormickthe director of school development.

“Joe understands this power and wants to share it with future students and generations to come. He leaves a legacy – not just to his family – that will allow many others to prosper.

Macione grew up in the Mississippi Delta city ​​of Arcola, with only 100 students in the 12 classes. He was the only member of his graduating class to attend college. He got his first taste of higher education and accounting by watching his father, who didn’t have a college degree, change careers by taking correspondence courses in accounting.

After high school, he signed up for Ole Miss, not knowing what his major would be. He loved working with numbers and was good at it, so he became a business major with a focus on accounting.

After graduating, Macione moved to jackson to be close to Anette, his future bride. He started working in a small company with a key client. This client left and Macione was out of a job, so he walked a few blocks to the biggest business in town and asked for a job. He was hired on the spot.

Three years later, he launched his own business in Leland. Twice his company merged with others and eventually moved to Greenville, where it continues to operate. His partners, Ben B. Sayle and Virgil “Brother” Sandifer were key to the company’s survival and growth.

Over the years, Macione has taken on roles within the firm and with clients as needed. He then directed several television channels, including WCYB in Bristol. The station has become known as the most successful station in mid-size markets, even being recognized by the Tennessee Legislature.

When it came time to donate to the building fund, Macione knew it had to be a family gift. He also wanted the partners who helped him build his business – Sayle and Sandifer – to support the campaign and the school’s vision.

Both obliged with an additional $50,000.

“I was thrilled that they were willing to support this project in such a meaningful way,” Macione said.

The Maciones also love Ole Miss athletics. Joe, along with Kyle, Kimberly and her husband, Dr. John Butlerwere among those who saw the Rebels win the 2022 University World Series Championship.

Support from the Maciones, Sayles and Sandifers will go towards Now & Ever: the campaign for Ole Missa fundraising initiative to secure $1.5 billion in private donations to strengthen the university for generations to come.

By Dana Engelbert

Joe Macione (left), Kimberly Macione Butler and her husband, John, and Kyle Macione cheer on the Rebels to a national championship at the 2022 College World Series. Joe Macione donated $100,000 to the UM Patterson School of Accountancy Building Fund. Photo submitted

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Key words: Alexandra Macione, Bristol, Elijah Watts Sells Award, Jason McCormick, Joe Macione, Kimberly Butler, Kyle Macione, Mississippi, Ole Miss, Patterson School of Accountancy, Patterson School of Accountancy Building Fund, Tennessee, The Grove, University of Mississippi

About the Author

University of Mississippi The University of Mississippi, affectionately known as Ole Miss, is Mississippi’s flagship university. A member of the elite group of R1: Doctoral Universities – Highest Research Activity according to the Carnegie classification, Ole Miss has a long history of producing leaders in public service, business, academia and the professions. Its 16 academic divisions include a major medical school; nationally recognized accounting, law and pharmacy schools; and an honors college recognized for its blend of academic rigor, experiential learning, and opportunities for community action. Acclaimed as one of the finest in the country, Ole Miss’s main campus is in Oxford, which is consistently recognized as one of the best university towns in the country.

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