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| BEYOND THE HEDGES: Penn State announces $30 million donation |
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In the latest example of multi-million-dollar fundraising by a public
university, Pennsylvania State University has announced a $30 million donation
to create an honors college within the university.
"The gift to Penn State from William A. Schreyer and his wife is one of the largest from an individual or couple to this university," said Stephen MacCarthy, a university spokesman. The honors college will be a multi-disciplinary center for top undergraduates, with the first 300 freshmen to be admitted in the fall of 1998. It will be on Penn State's main University Park campus, which has about 40,000 students. All students admitted to the new honors college will receive a scholarship covering half of their tuition. The honors college will provide study-abroad opportunities, professional internships, mentoring by alumni, thesis research and special classes taught by outstanding scholars and teachers. The Penn State gift is the latest major philanthropic gift to a public university. Last December, the State University of New York at Stony Brook was given $25 million by Charles B. Wang, president of Computer Associates International. The largest such gift was the $100 million donated in 1992 by Henry R. Rowan, the entrepreneur, and his wife, to Glassboro State College in New Jersey, which was renamed Rowan College. Source: New York Times , Sept. 15.
This item appeared in the News section of the September 26, 1997 issue. |
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