Schaffer, Schreyer honored for service to Penn State

New York City -- Two men who spent decades working on Penn State’s behalf have been honored by the Board of Trustees.

Stanley G. Schaffer, 91, and William A. Schreyer, 83, died within a week of each other in January. Both were Penn State alumni, and both served on the University’s Board of Trustees and as trustee emeriti.
Schaffer, president of Duquesne Light Co. from 1968 until his retirement in 1983, helped develop the nation’s first commercial nuclear power plant at Shippingport, Pa., in the 1950s. He received a degree in mechanical engineering from Penn State in 1941.
Schreyer, former chief executive officer of Merrill Lynch & Co Inc., left a legacy of philanthropy that includes the Schreyer Honors College, which has become a model for other higher education institutions. Together he and his wife, Joan, contributed $55 million to the University.
“No one was more bullish on Penn State than Bill Schreyer,” Joe Paterno, head football coach, said shortly after Schreyer’s death. “He cared deeply about young people and giving them opportunities to be successful in the world. He challenged us, too, always wanting Penn State to reach beyond its grasp.”
The public is invited to celebrate the life and legacy of Schreyer at a Memorial Mass on Sunday, March 20. The event, which begins at 2 p.m. in University Park’s Pasquerilla Spiritual Center, will include remarks from University representatives and some of Schreyer’s many friends in the Penn State community, including head football coach Joe Paterno and Schreyer Honors College Dean Christian Brady.
The board expressed its deep regret and sympathy to the families of both men. Resolutions citing their achievements will be recorded in the board’s minutes, and copies will be given to the families.


Last Updated March 18, 2011