the principal donor of the proposed college. The name of Henry Kendall has lived on to the present as the Kendall College of Arts and Sciences. 20th century The University of Tulsa opened its School of Petroleum Engineering in 1928. The Great Depression hit the university hard. By 1935, the school was about to close because of its poor financial condition. It had a debt of $250,000, enrollment had fallen to 300 students (including many who could not pay their own tuition), the faculty was poorly paid and morale was low. It was then that the oil tycoon and TU-patron Waite Phillips offered the school presidency to Clarence Isaiah ("Cy") Pontius, a former investment banker. His primary focus would be to rescue the school's finances. A deans' council would take charge of academic issues. However, Pontius' accomplishments went beyond raising money. During his tenure the following events occurred: In 1935, the university opened the College of Business Administration, which it renamed as the Collins College of Business Administration in 2008. The Tulsa Law School, located in downtown Tulsa, became part of the university in 1943. In 1948, oil magnate William G. Skelly donated funds to found the university radio station, KWGS (named for his initials). After William G. Skelly died, his widow donated the Skelly Mansion, at the corner of 21st Street and Madison Avenue, to the University of Tulsa. The school sold the mansion and its furnishings to private owners in 1959. On July 5, 2012, the university announced that it would repurchase the house as a residence for its president. In 1958, Ben Graf Henneke, a scholar of theater and communications, became the first alumnus to hold the Presidency of the University of Tulsa. During his tenure the university established new doctoral programs, increased the proportion of faculty with doctorates, started new publications including Petroleum Abstracts and the James Joyce Quarterly, developed a North Campus center for petroleum engineering research, and expanded many main campus facilities. He was succeeded by Dr. Eugene L. Swearingen, a Stanford University-trained economist and Oklahoma native who served on the National Finance Committee for the Jimmy Carter Presidential Campaign. Swearingen increased TU's endowment and expanded the footprint of its campus. 21st century In 2004, anthropologist Steadman Upham joined the University of Tulsa as president, having served in faculty and leadership positions at the University of Oregon and Arizona State University. Within five years