'Historic' Grand Destiny campaign raises $1.371 billion for Penn State
Penn State received a total of $1.371 billion in gifts and pledges during its seven-year Grand Destiny capital campaign, according to a report to the University's Board of Trustees today (July 11) by Rod Kirsch, vice president for development and alumni relations. The campaign, which had a $1.3 billion goal, ended June 30. Giving to Penn State increased during every year of the campaign, including fiscal year 2002-03. Penn State received more private support during the seven years of the campaign than it did in the 141 years between its founding in 1855 and 1996, when a total of $923 million was received. In addition, of the 319,664 campaign donors, 165,473 made gifts or pledges for the first time.
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Trustees approve naming of Penn State Erie's School of Business
Penn State's Board of Trustees today (July 11) approved the naming of the Sam and Irene Black School of Business at Penn State Erie, in recognition of the Black's gift of $20 million to the school -- the third largest gift in the University's history. The gift was received in March 1998, but because Sam and Irene Black desired no public recognition, the gift agreement respected their wish to remain anonymous. Last month, after more than five years of anonymity, Penn State Erie publicly recognized the $20 million estate gift given by the insurance entrepreneur and his wife. The gift will provide immediate and long-term benefits in scholarship aid, academic quality and innovation.
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Eckel, Peechatka re-elected to agricultural law center board
Keith W. Eckel and Walter N. Peechatka, both members of Penn State's Board of Trustees, were each re-elected today (July 11) to serve an additional one-year term as a director of the Agricultural Law Resource and Reference Center of The Dickinson School of Law. The center was established in 1998, following the 1997 merger of The Dickinson School of Law in Carlisle, with Penn State. It is designed to provide the highest-quality educational programs, information and materials to those involved or interested in the agricultural industry. The center is a collaboration between the law school and the University's College of Agricultural Sciences, and is funded in part by the Pennsylvania Department of Agriculture.
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Trustees approve property purchases and sale by University
Penn State's Board of Trustees today (July 11) approved three property purchases to benefit programs of the University Park and Altoona campuses, and the sale of Centre County property. The properties to be purchased include: a 4.77-acre site with a 4,000-square-foot lab facility in the CATO Industrial Park, Centre County; a 2.72-acre site with a large bank barn along Route 45 in Rock Springs, Centre County; and a 0.82-acre site adjacent to the Penn State Altoona campus along Juniata Gap Road, Blair County. The property to be sold includes two Ferguson Township, Centre County parcels, totaling 6.7 acres that were gifted to the University last month by Galen E. and Nancy J. Dreibelbis. The sale price is $575,000, with net proceeds funding a number of University endeavors at the request of the donors.
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