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Penn State Board of Trustees meets; President Spanier's remarks

11/21/08

Penn State's Board of Trustees held its regular bi-monthly meeting Friday (Nov. 21) at the Nittany Lion Inn on Penn State's University Park campus. In his opening remarks to the board, President Graham B. Spanier the impact of the current financial downturn on the University, record enrollments and applications to Penn State, research at the University and faculty, student and athletic accomplishments.

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Spaniers increase gift commitment to $1 million

11/21/08

Penn State President Graham Spanier and his wife, professor of English Sandra Spanier, have increased their philanthropic commitment to the University to $1 million, the Board of Trustees learned today (Nov. 21). Board Chairman James Broadhurst announced that the Spaniers have made a new $700,000 commitment, in addition to their previous support totaling $300,000. "The primary beneficiaries of the Spaniers' giving will include endowments that they had previously created for the Musical Theatre program and the University Libraries," said Broadhurst. "We are deeply grateful for their generosity to two areas of the University that depend heavily upon private support."

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Dinner raises $155,000 for Renaissance Scholarships

11/17/08

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.

Seniors choose to restore and display Old Main bell as class gift

11/13/08

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.

President Spanier on the University, the economy and philanthropy

11/12/08

"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.

Class of 2009's gift to Penn State to be announced Nov. 13

11/11/08

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.

Scholarship endowed to help veterans, dependents in need

11/7/08

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.

WPSU-FM'S fall pledge drive exceeds fundraising goal

10/28/08

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.

Verizon senior vice president endows Trustee Scholarship

10/7/08

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.

Reddys create Agricultural Sciences Trustee Scholarship

10/7/08

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' on Philanthropy Phriday

9/30/08

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.

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Center for Organizational Research and Evaluation receives new name

9/19/08

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.

Millennium Science Complex to facilitate cutting-edge research

9/19/08

University Park, Pa. -- Penn State is working on the cutting edge of materials and life sciences, researching new technology that has the potential to revolutionize industries ranging from transportation and energy to medicine to agriculture. Now a new facility on the University Park campus will be a cornerstone in facilitating collaborative research in these critical areas. The University's Board of Trustees on Friday (Sept. 19) approved final plans for the Millennium Science Complex, a new 275,600-square-foot building designed by Rafael Vinoly Architects that will bring together the Huck Institutes of the Life Sciences and the Materials Research Institute. "This new building will promote interdisciplinary collaboration between these two highly technical research programs," said Gary C. Schultz, senior vice president for finance and business/treasurer.

Trustees renew appointments to Penn State Investment Council

9/19/08

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.

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