Jay Hamilton Price Jr.

Jay was born on August 24, 1925 in Berkeley CA to Jay and Eunice Price. He graduated from Wauwatosa High School (Wisconsin) as valedictorian, was honorably discharged from the US Army in February of 1946, and received his bachelor’sdegree in Accounting from the University of Wisconsin in 1949.He became a partner and offered consulting services to public utilities and was internationally known for his expertise when it came to the development of accounting standards for the public utility industry. He retired from Arthur Anderson in 1987 at age 62 as required by company rules. After retirement from Arthur Anderson, Jay began his second career as an educator, donatinghis time teaching accounting at the University of Wisconsin (Madison) and Utah State University (Logan) along with serving as a visiting professor at Stanford University, teaching economics for public utilities. He received an honorary doctorate degree from USU in 1993, distinguished service award in 2001, and Teacher of the Year award in 2004. He also made significant financial contributions to the University, helping to establish the Arthur Anderson Alumni Accounting Professorship endowment and the Jay H. Price Student Scholarship endowment. Each year the USU School of Accountancy gives an award to an alum who embodies the attributes of Jay, one of service, generosity, and charity. The award is called the “Spirit of Jay Price Award”. This is considered the highest award conferred by the School of Accountancy.

Because he touched so many people’s lives like they were family, Jay was known as “Uncle Jay”, even to those he wasn’t. Jay’s second family was his church St. Peter’s Episcopal in Chicago where he was known and loved by many. He shared his time and treasure with many at St. Peter’s serving on boards and committees until the end and helping send many talented but under-resourced youth to college.

Jay was preceded in death by his father, Jay senior, his mother Eunice (Steele), his lifelong friend Edna Southworth, his grand niece, Madisen Wright and his brother in law Larry Wright. He is survived by his sister Pricilla Wright (Larry) and their three children David (Dedie), Susan Lee (Doug), and Stuart (Erin); his brother Rawson (Mary) and his two children Tom and Shelly (Alan Scimeca); 12 great nieces and nephews; and 9 great great nieces and nephews. Funeral services will be held at the Church of the Ascension, 1133 N. LaSalle, Chicago, IL 60610 on July 27 at 10:30 AM. A reception for his memory will immediately follow. In lieu of flowers, memorials can be made in Jay's name for the following: St Peters Episcopal Church; University Wisconsin, Madison - Accounting Department; or Utah State University, Logan - Accounting Department.