In 1992, the faculty approved the establishment of the Center for Innovation in Business Learning, known today as the Center for Innovation in Professional Services (CIPS). Professor Jack Lindgren served as the first Director, and was succeeded by Professor Gib Akin. In 1994, Lindgren returned to the Director's position, focusing on offering a series of seminars on using multimedia technology in the classroom to the McIntire faculty. In 1995, Price Waterhouse Foundation contributed $500,000 to support the center, and their name was added to the center's title.