Penn State's 32nd annual Renaissance Fund dinner has raised $155,000 to endow scholarships in honor of State College residents Lloyd and Dorothy (Dottie) Huck, the 2008 Renaissance Honorees. More than 320 guests attended last week's dinner at the Penn Stater Conference Center Hotel on the University Park campus. The annual event raises money for Renaissance Fund scholarships, which are awarded to academically talented Penn State students who have great financial need. The dinners honor community leaders, and contributions are used to endow scholarships in their names.
Penn State's Senior Class Gift Committee announced Thursday (Nov. 13) the class of 2009's gift to the University: the Restoration and Display of the Old Main Bell. Seniors so far have pledged more than $20,000 to the project that will help to build on Penn State's storied history. "Nearly every graduating class since 1861 has provided a gift to the University as a symbol of gratitude and pride for their alma mater, and the class of 2009 is honored to continue this legacy with the restoration and display of the Old Main bell," said Liz Kernion, overall chair of the senior class gift committee.
"It is a sign of the tremendous loyalty of Penn State's alumni and friends that even as many of you have been personally affected by the current economic downturn, you have also taken the time to express your concern about how the University and its students may be impacted," says President Graham B. Spanier. who responds to some of the most common questions that he has heard from Penn Staters in recent weeks about the University, the economy, and philanthropy.
Penn State's Senior Class Gift Committee will announce the class of 2009's gift to the University at 11:00 a.m. Thursday, Nov. 13, on the ground floor of the HUB near the bottom of the main stairs. "Students and members of the University community are welcome to attend," said Senior Class Gift Committee Chair Liz Kernion, who also noted that cake would be served before the event. Kernion will speak on behalf of the class of 2009. University administrators expected to attend include Penn State President Graham Spanier. Seniors voted last week on the following three gift options: the Class of 2009 Undergraduate Trustee Scholarship, the Mount Nittany Vista, and Restoration and Display of the Old Main Bell. For more information about Penn State's senior class gift program, visit http://www.seniorclassgift.psu.edu online.
Nearly 300 Penn State alumni and friends, most of them military veterans, have contributed approximately $51,000 to endow a scholarship that will assist veterans or dependents of veterans at the University who have a demonstrated financial need and have achieved superior academic records. Graduate or undergraduate students in any degree program at any Penn State location are eligible for the Veterans Special Needs Endowed Scholarship, which will be awarded for the first time in the spring 2009 semester.
In just six-and-a-half days, WPSU-FM raised more than $92,000 in its October pledge drive. The radio fundraiser usually lasts a full seven days, but as the station exceeded its goal of $90,000 ahead of schedule, the drive was stopped early.
A Penn State alumnus who serves as a senior vice president for Verizon Communications has provided a gift to the University to endow the Eric W. Rabe Trustee Scholarship in the College of Communications. Rabe earned a degree in journalism from Penn State in 1968 and was honored as a Penn State Alumni Fellow in 2005. The Trustee Matching Scholarship Program at Penn State aims to ensure that a Penn State education is accessible to qualified students, regardless of their financial means. Under the program, the University matches 5 percent of the principal of each gift annually and combines those funds with income from the endowment to effectively double the financial impact of the scholarship.
Throughout their long personal and professional involvement with Penn State, C. Channa and Usharani Reddy have seen firsthand the need for student financial aid. The Penn State distinguished professor and head of the Department of Veterinary and Biomedical Sciences and his wife recently gave $50,000 to the College of Agricultural Sciences to endow a scholarship to assist undergraduates who have financial need.
Get your "phil" of cotton candy and other freebies at "Philanthropy Phriday," hosted by Penn State's Student Philanthropy Council on the first floor of the HUB-Robeson Center on the University Park campus. The first event of this monthly series will take place 10 a.m.-2 p.m. Friday, Oct. 3. Philanthropy Phriday promotes philanthropy awareness and its impact on Penn State students. To celebrate the beginning of the academic year and welcome new students to the University, this month's theme is "What is philanthropy?" Members of the SPC will be looking for feedback from students on how philanthropy affects their lives on a daily basis at Penn State.
Susan Hirt Hagen has committed a major gift to Penn State Erie, The Behrend College, to create an endowment for the Center for Organizational Research and Evaluation (CORE). Hagen has supported the center since its inception 10 years ago, providing the funding to develop and sustain CORE. In recognition of her continued commitment, Penn State President Graham Spanier announced on July 10 that the center has been named the Susan Hirt Hagen Center for Organizational Research and Evaluation. Penn State's Board of Trustees approved the center's name at its meeting today (Sept. 19) at University Park.
Penn State's Board of Trustees has renewed the appointments of six non-University representatives to the Penn State Investment Council. The board established the council in September 2000 to provide direct oversight of the University's endowment and long-term investment program in response to Penn State's growing asset base and complex portfolio strategies. The council regularly reviews asset allocation, new asset classes, investment strategies and manager performance, and provides semi-annual updates and reports regarding investment performance to the Board of Trustees.
Penn State's Board of Trustees today (Sept.19) approved the naming of the Goddard House at Penn State Mont Alto, in recognition of Maurice K. Goddard, director of that campus from 1946-1952.
Penn State Public Broadcasting (PSPB) has been producing and broadcasting educational and public affairs programming to residents of central Pennsylvania -- 29 counties from Maryland to New York -- since 1965. Now thanks to advances in technologies, WPSU television and radio programs are accessible to audiences worldwide, Ted Krichels, associate vice president for public engagement and general manager of PSPB, told the Penn State Board of Trustees today (Sept. 19).
As part of its land-grant charter, Penn State has offered training in military studies since 1862, and today more than 6,000 Penn State ROTC graduates have received a commission in the Armed Forces, noted Yvonne Gaudelius, assistant vice president and associate dean of Undergraduate Education, in a report today (Sept. 19) to Penn State's Board of Trustees.
The Penn State Board of Trustees today (Sept. 19) approved the purchase of a 1.39-acre property in Abington Township, adjoining the Penn State Abington campus. The property, located at 1681 Cloverly Lane in Rydal, includes a two-and-a-half story five-bedroom residence, detached carriage house apartment and three-car garage. Penn State has no immediate plans for the property. The seller will continue to reside in the house for the foreseeable future.