The Rawls College of Business is the business school of Texas Tech University in Lubbock, Texas. Rawls Business offers curriculum for both undergraduate and graduate students and received its initial business accreditation in 1958 from the Association to Advance Collegiate Schools of Business (AACSB). Established in 1942, Texas Tech's business school was originally known as the Division of Commerce. In 1956, the school was renamed the College of Business Administration. Following a $25 million gift from alumnus Jerry S. Rawls in 2000, the school was renamed as Jerry S. Rawls College of Business Administration.