- Bicentennial Medal (2020)
- Chancellor and Provost Medallion (2019)
- IU Northwest Chancellor's Medallion
- Gary, Indiana
Terry W. McMahon, CPA earned his accounting degree from the Indiana University Kelley School of Business in 1962. He started to learn his craft by spending two years at Alexander Grant (now Grant Thornton). Terry then started his own practice in 1972 after eight years learning at a local CPA Firm in Hammond, Ind. Today his practice employs 30 professionals servicing the needs of over 500 businesses and additionally, prepares over 1,300 individual and fiduciary tax returns.
Terry has been a member of numerous business and civic organizations. Among his many achievements, he has served on the board of directors for Community Resources, Inc., Theatre at the Center in Munster, Ind., and Centier Bank. He also served as president of Munster Rotary, Woodmar Country Club, and Munster Youth Activities Association.
He has more than a passing interest in the arts and sports. He has an extensive collection of impressionist art. His sports memorabilia was featured at the Center for Visual Performing Arts in Munster, Ind., which included over 200 artifacts. He has also visited all 30 Major League Baseball Parks.
Terry and his wife, Karen, have a special allegiance to IU Northwest and IU Bloomington. Three of their children graduated from IU Bloomington and another received his master's degree from IU Northwest this year.
Recognizing the challenges of balancing athletics with academics, the McMahons wanted to create an environment where student-athletes could come together as a team. In February 2019, they donated $100,000 to the IU Northwest athletic program, enabling the establishment of the Terry and Karen McMahon Resource Center.