UK Engineering graduate makes history with $34.5 million gift to advance the college, support students
LEXINGTON, Ky. (April 28, 2023) — Stanley Pigman understands the immense impact of higher education and financial support.
Born and raised in Eastern Kentucky, he is also passionate about engineering being an accessible career path for students from the region.
At 17, Pigman received a scholarship to study mining engineering at the University of Kentucky.
Upon graduating with a bachelor’s degree from the College of Engineering in 1981, Pigman made a commitment to create opportunities and transform lives of students for generations to come.
Today, he, and his wife Karen, continue to live up to that mission.
Approved by the Board of Trustees, the Pigmans have pledged more than $34.5 million to UK Engineering — marking the largest single gift in the 158-year history of the university.
For their long-standing support, UK President Eli Capilouto recommended the college be named the Stanley and Karen Pigman College of Engineering. It would be the university’s fourth named college — in addition to the Gatton College of Business and Economics, the Lewis Honors College and the J. David Rosenberg College of Law.
“Stan and Karen Pigman have devoted their lives to giving back — to students, to the university and to the Commonwealth, whose future will be brighter because of their commitment and generosity,” UK President Eli Capilouto said. “Because of their continued commitment students now and for generations to come will fuel their passions, reach their potentials and discover what is possible because of the investments made in them by these remarkable people.”
The donation, which is the largest single gift ever made to the university, extends the Pigmans’ philanthropic vision for generations to come. With this gift, Stan and Karen's philanthropic impact to UK totals more than $55 million.
“It is our dream to be a part of growing the program to produce more engineers and computer scientists, which will benefit the University of Kentucky and the Commonwealth of Kentucky,” Stan Pigman said. “Karen and I know that producing more engineers and computer scientists will change not just this generation but generations of many families to come, and we are specifically invested in helping students with unmet need, first-generation students and students from Appalachia become engineers and computer scientists.”
The Pigmans’ generosity will further strengthen the academic excellence of UK Engineering by supporting renovation, expansion and need-based scholarships, including:
- Lessons@UK Program
- Establishment of a new non-endowed mentoring scholarship fund to be named the “Lessons at UK Program."
- Additional support for the “Stanley Pigman Engineering Scholarship” fund.
- College Initiatives
- Establishment of a new non-endowed fund to be named the “Stanley and Karen Pigman College of Engineering Initiatives Support Fund.”
- Research, Graduate Education and Faculty Endowments
- Establishment of an endowment to be named the “Lighthouse Beacon Foundation Endowment for Research and Graduate Education.”
- Additional funding to the “L. Stanley Pigman Distinguished Professorship in Power,” which supports faculty positions within the college.
- Funkhouser Expansion and Modernization
- A $10 million gift will support the renovation and expansion of the Funkhouser Building — adding 100,000 square feet of state-of-the-art teaching and research spaces to UK Engineering. The project aims to support enrollment growth, additional faculty members and research goals.
- The EduceLab Professor of Heritage Science Endowment
- Supports leadership activities for EduceLab, including recruiting and retaining outstanding STEM+Heritage Science talent (students, faculty and staff) in the service of ongoing design, commissioning and operational capabilities.
“The impact of Stan and Karen Pigman’s generosity on this college and university has been extraordinary. Through the scholarships, facilities and programming supported by gifts from the Pigmans, we have been able to open more doors for students who want to study engineering and provide them with more tools for success,” Rudy Buchheit, the Rebecca Burchett Liebert Dean of UK Engineering, said. “The Pigmans have a deep understanding of society’s growing demand for engineering talent, and they are helping us to build the future engineers who will move us forward.”
For more than 20 years, the Pigmans have financially supported and mentored 200+ engineering and computer science students through the L. Stanley Pigman Scholarship Program. Today, more than 120 undergraduate engineering students are supported on Pigman scholarships.
The Pigmans’ gifts are crucial to ensuring engineering students acquire the skills and traits needed to solve unique challenges and ultimately improve the lives of those in the Commonwealth and beyond.
“We fully realize that additional investments will be required in STEM students and teachers across the Commonwealth,” Pigman explained. “Additionally, we are investing in STEM programming in middle and high schools in Appalachia, which will provide a feeder program of students."
Last year, the Pigmans also created a scholarship program in the Office for Student Success that expands their reach to first-generation students pursuing degrees outside of engineering. The L. Stanley Pigman First-Generation Scholarship provides scholarships to selected first-generation students graduating from high schools in 32 Eastern Kentucky counties.
In addition to their scholarship funds, the Pigmans established two endowed faculty positions in power engineering — the L. Stanley Pigman Chair in Power and the L. Stanley Pigman Faculty Fellowship in Power.
They have also been strong supporters of the UK Solar Car and Formula One Team, SPARK electrical engineering laboratory and PEIK (Power and Energy Institute of Kentucky), among other numerous activities and projects within the college.
More about Stanley Pigman
In 1981, Pigman began his career as a project engineer with the Sierra Coal Company. In 1983, he became a market analyst with the Old Ben Coal Company — the largest coal company in the world.
Pigman then joined Pyro Mining Company as manager of marketing and was later named director of marketing. In 1992, he was named the vice president of sales at the newly formed Sugar Camp Coal. In 1997, Pigman and two business associates partnered with Black Beauty Coal Company, where he managed the company’s extensive assets in Illinois by introducing expanded coal production.
In June 2001, Pigman’s entrepreneurial spirit took over and he formed his own company — Pigman Coal Sales, providing sales services to an independently owned start-up company for a new greenfield mining project in western Kentucky.
Since selling the company in 2004, he created three additional companies that owned and leased coal properties (Mackey Development, Delaware Resources and Buck Creek). They provided exploration, engineering and permitting services to sites totaling more than 50,000 acres containing more than 400 million tons of coal.
For his career achievements and commitment to community service, Pigman was inducted into UK Engineering’s Hall of Distinction in 2009 and the UK Alumni Association Hall of Distinguished Alumni in 2020. The university also awarded him an Honorary Degree of Humane Letters in 2017.
Stanley and Karen Pigman currently reside in Wilmington, North Carolina.
As the state’s flagship, land-grant institution, the University of Kentucky exists to advance the Commonwealth. We do that by preparing the next generation of leaders — placing students at the heart of everything we do — and transforming the lives of Kentuckians through education, research and creative work, service and health care. We pride ourselves on being a catalyst for breakthroughs and a force for healing, a place where ingenuity unfolds. It's all made possible by our people — visionaries, disruptors and pioneers — who make up 200 academic programs, a $501 million research and development enterprise and a world-class medical center, all on one campus.
In 2022, UK was ranked by Forbes as one of the “Best Employers for New Grads” and named a “Diversity Champion” by INSIGHT into Diversity, a testament to our commitment to advance Kentucky and create a community of belonging for everyone. While our mission looks different in many ways than it did in 1865, the vision of service to our Commonwealth and the world remains the same. We are the University for Kentucky.