The Capital/Endowment Campaign

The Pennsylvania State University

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During my thirty-five years as a member of Penn State’s faculty and administration,

I have been proud to see this University grow into an international leader in countless

fields and disciplines, even as we have expanded and enriched the educational

opportunities we offer across the Commonwealth and beyond. In a changing world,

we have reimagined and deepened our commitment to our land-grant mission, and

Penn State is preparing our students for global citizenship and our nation and our

communities for global success.

Philanthropy has made this extraordinary transformation possible, and philanthropy

will play a vital role in the next challenge that lies before us: renewing our shared sense

of identity and purpose, restoring our belief—and the belief of the world—in the values

that have made us great. By reaching the goals of For the Future: The Campaign for

Penn State Students, we will not only provide the University with critical resources; we

will also be keeping faith with the thousands of students and families who continue to

believe that Penn State represents opportunity, integrity, and excellence. Thank you for

all that you have done to support the University through the best and worst of times,

and thank you for being a part of our bright future.

Sincerely,

Rodney A. Erickson

President, The Pennsylvania State University

Penn State and our graduates share enduring values: a belief in the power of education, a commitment to helping others, and a sense of responsibility to the larger world. Those values have touched even those who have never enrolled in a Penn State course. Through outreach, research, cultural events, intercollegiate athletics, publica- tions, and other programs, the University has improved the lives of countless citizens of the Commonwealth and beyond. In fact, Washington Monthly has ranked Penn State third among all American universities and colleges for fostering social mobility, public service, and economic growth. Over the past century and a half, Penn State has grown to twenty-four campuses throughout the Commonwealth, and we have become one of the most comprehensive institutions in the country, offering nearly every field of study in higher education. Our core mission remains the same, however: providing an excellent and affordable educa- tion for undergraduates. For the sake of the students and families who have placed their confidence in this institution, the Universi- ty’s trustees, faculty, administrators, and staff are committed to strengthening the qualities that make Penn State a student-centered university:

—Providing access so that no qualified student is turned away or must drop out because of the cost

—Fostering excellence in teaching and learning, both inside and outside the class- room

—Building a sense of community that invites student engagement

—Preparing students to be effective, ethical leaders and active citizens in a global society Philanthropy has become essential to Penn State’s fulfillment of its mission to educate and serve in an increasingly competitive aca- demic marketplace. As the cost of preparing students for a rapidly changing, technology- driven global economy rises, and state sup- port for higher education declines, tuition has increased at schools across the country, including Penn State. Families are evaluating institutions on the economic value of their degrees as well as educational excellence, and universities and colleges are compet- ing to provide not just the best classroom education, but also the most stimulating and supportive environment for students.

To fulfill our promise to Penn State students and build upon the tradition of excel- lence that has defined our University, we ask you to join us in For the Future: The Campaign for Penn State Students to enable the next generation, and all succeeding generations, of our graduates to realize their full potential as individuals to sustain their families, advance their professions, and contribute to our country’s strength. It is also a campaign to enable Penn State to realize its full potential as an institution to create prosperity, keep our nation com- petitive, and enhance quality of life. All of the campaign’s objectives are directed toward a single vision:

Advancing the frontiers of learning at the most comprehensive, student- centered research university in America.

For the Future Campaign Goals

Campaign Objective Goal

Ensuring Student Opportunity $443 million Students with the ability and ambition to attend the University will have this opportunity through scholarship support.

Enhancing Honors Education $100 million Students of exceptional ability will experience the best honors education in the nation.

Enriching the Student Experience $183 million Students will thrive in a stimulating atmosphere that fosters global involvement, community service, creative expression, and personal growth.

Building Faculty Strength and Capacity $266 million Students will study with the finest teachers and researchers.

Fostering Discovery and Creativity $391 million Students and faculty members will come together within and across disciplines to pioneer new frontiers of knowledge.

Sustaining a Tradition of Quality $617 million Students will continue to work and study with faculty whose scholarship is enhanced by continuing philanthropic support.

Total Goal $2 billion

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Ensuring Student Opportunity $443 million

Students with the ability and ambition to attend

the University will have this opportunity through

scholarship support.

Nothing else we do to improve the quality of a Penn State education will matter if students and families can’t afford the opportunities we offer. Scholarships are the University’s top priority in this campaign. From the very beginning, Penn State has represented new possibilities for students of modest means, and we are still creating opportunity today. More than 20 percent of University Park undergraduates and 37 percent of undergraduates at our other campuses are among the first generation in their family to attend college. Our twenty-four campuses allow students at every stage of life—from recent high school graduates to working parents to seniors returning to the classroom—access to educational opportunities within their own regions.

Every year, however, we lose talented, dedicated students because of the cost of a Penn State degree. Many under- graduates work multiple jobs while carrying a full course load, yet students are graduating with an average educa- tional loan debt of more than $35,000. These financial realities are restricting the dreams of far too many stu- dents and families. There are profound consequences for our nation as well. A recent report published by Jobs for the Future, a Boston-based research organization, states that unless higher education is made more affordable, the United States will have 15.6 million fewer bachelor’s and associate-degree holders than it needs to keep up glob- ally with its top economic competitors by 2025.

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“The Tom and Nancy Giannapoulos Trustee Scholarship helped take away the stress of paying for many different things I needed while at school. My family was very thankful for the scholarship as well. After graduation, I hope to help people in my community, and I was able to concentrate fully on my studies and future plans because of this support. My Trustee Scholarship made me work hard and feel good knowing that my hard work was not going unnoticed.”

—Mark Farquharson is a senior majoring in Human Development and Family Stud- ies. During his time at Penn State, Mark has been a member of Alpha Phi Alpha, the first black Greek lettered organization. After graduation, he plans to take part in the Baltimore Teaching Residency.

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“There are a lot of kids here that a little scholarship money will go a long way towards helping. I’ve received letters, and many of them are very moving. When some young man or woman says, ‘I was going to have to drop out of school; I wasn’t going to make it….’ Well, I know what that’s like because I was there. And I’m very proud and glad that I could afford to do this.”

—Don Bellisario ’61 Com, a Journalism graduate, had to borrow $600 from Penn State to finish his education. He never paid it back, but the creator of the television series JAG, NCIS, Quantum Leap, and Magnum, P.I. later gave $1 million to create the Donald P. Bellisario Trustee Scholarship.

“My wife, Frances, and I have always sup- ported education, and creating scholar- ships is a natural evolution of that interest. Scholarships make it possible for the best and brightest undergraduates to pursue their academic studies at Penn State. If you personally value your education and are fortunate enough to have the ability to support the University, scholarships allow you to address Penn State’s greatest need and offer the greatest personal satisfaction as you follow the recipients of your support throughout their college careers.”

—John K. Tsui ’60 Bus is the Chairman of Towne Development of Hawaii and a longtime leader in the banking industry. He retired in 2002 as Vice Chairman and Chief Credit Officer of BancWest Corporation and President and COO of its subsidiary, First Hawaiian Bank. John and Frances Tsui have established the John K. Tsui Scholarship and the John K. Tsui Honors Scholarship; both funds assist talented students who contribute to the diversity of the Penn State community. John is a member of the For the Future campaign executive committee.

“I chose to come to Penn State Greater Allegheny because I could save money by commuting, but I still faced large financial hurdles in paying for my education. The scholarships I have received allow me to work fewer part-time jobs, providing the opportunity to earn an excellent education and remain actively involved in campus life. Thanks to private support, I have been able to take part in campus activities that have expand- ed my understanding of the world and of my own capabilities.”

—Shelbie McCurdy is an Elementary Education major at University Park. She is a recipient of the Sam Zabec Trustee Scholarship and the Penn State Greater Allegheny Blue and White Scholarship. After graduation, Shelbie plans on pursuing a master’s degree in library sciences and becoming an academic librarian.

Our alumni and friends have risen to this chal- lenge and created more than 3,500 scholarships, assisting almost 13,000 students each year who might not otherwise be able to pursue a Penn State degree. Despite the great progress that has been made, only 16 percent of our undergradu- ate students receive a privately funded academic scholarship, and the average award is approxi- mately $3,200. Every year, our undergraduates have unmet financial need totaling almost $397 million—a gap that most must fill with earn- ings, additional family help, or other resources. As other institutions direct more and more resources toward support for students, both need-based and merit-based scholarships can help us to ensure that talented students from every economic background can continue to choose Penn State.

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Through For the Future: The Campaign for Penn State Students, our University seeks to:

—Ensure continued access to higher edu- cation for students with limited means by increasing by 50 percent the number of Penn State students receiving scholarship support.

—Establish more merit-based scholarships to allow Penn State to compete with peer institu- tions for exceptionally talented applicants.

—Provide stipends for students who oth- erwise could not afford to take advantage of internships, field research, study abroad, and student leadership opportunities.

In 1997, William A. and Joan L. Schreyer made an extraordinary investment in Penn State’s best and brightest students and in the future of the University itself. With a $30 million gift, they transformed Penn State’s existing University Schol- ars Program into the Schreyer Honors College. Offering smaller classes, enhanced internship and study abroad options, one-on-one research and thesis work with tenured faculty members, and a living-learning environment that created a synergy among these opportunities, the Schreyer Honors College reinvented honors educa- tion at universities nationwide. All of Penn State has benefited from this transformation of our honors program. Today, the Schreyer Honors College enrolls more than 1,700 extraordinary stu- dents who set the bar for all undergraduates, serving as leaders in the University’s

Enhancing Honors Education $100 million

Students of exceptional ability will experience the best honors education in the nation.

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“As a Schreyer Scholar, you experience the best kind of peer pressure—my fellow students push me to excel academically, and their passion inspires me to pursue my interests with the same tenacity. The honors college has helped me develop invaluable relationships with faculty as well as deepen my curiosity in a wide range of subjects. At the same time, the financial support of the Academic Excel- lence Scholarship and other awards has made it easier for me to study abroad and be a part of the Penn State com- munity. All of us in the Schreyer Honors College may be pursuing our own ambitions, but none of us are taking this opportunity for granted.”

—Max Levi ’11 Lib, who graduated with a double major in Mathematics and Economics with minors in Russian and Statistics, represented Penn State as the Nittany Lion mascot. He plans to study and work in the field of economics before earning graduate degrees in business and law, and he hopes to open a private school someday.

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“I chose to attend Penn State for two reasons: the quality of the engineering program and the merit scholarship from the honors program. As someone who had worked hard to earn academ- ic success, I was proud to go to a university that would reward me for my efforts. Now that I’m in a financial position to do so, I feel it is my duty to help someone else—hopefully, many ‘some- one elses’—by recognizing their achievements and potential with scholarship support.”

—Pratima Singh Gatehouse ’96 Eng earned a bachelor’s degree in Mechanical Engineering. She is executive vice president and partner in Park7, a Manhattan- based national developer, owner, and operator of large, purpose-built student housing properties. Pratima and her husband, Ronald J. Gatehouse ’94, ’98g Eng, are among the first Scholar alumni to endow scholarships for the Schreyer Honors College. They have created the J. Ronald and Patricia L. Gatehouse Honors Scholarship and the Ram and Shanti Singh Honors Scholarship in recognition of their parents.

classrooms, laboratories, organizations, and extracurricu- lar activities. Since 1997, Schreyer Scholars have earned more than 225 of the nation’s most prestigious fellowships and awards, including Fulbright awards; National Science Foundation graduate fellowships; and Churchill, Goldwater, and Rhodes scholarships. The achievements of our honors students and the creation of innovative educational models have enhanced Penn State’s academic reputation and drawn national attention to the Schreyer Honors College. Honors programs at other universities have adopted the Schreyer Honors College model and created paral- lel opportunities. To continue to attract the nation’s top undergraduates, we must increase the scholarship support available for our brightest applicants while at the same time striving to keep our program and offerings at the cutting edge of honors education. The For the Future campaign seeks support to: —Offer more competitive scholarships and increase the quality and quantity of international study experiences.

—Provide funds to assist faculty in the colleges and schools in developing more honors courses, student research op- portunities, and accelerated degree programs.

—Fund student research grants and summer research sti- pends, summer internships, and the costs of pursuing thesis research (such as laboratory supplies and travel).

—Develop curricular models and initiatives to enhance academic offerings for students across the University as well as for Schreyer Scholars.

Enriching the Student Experience $183 million

Students will thrive in a stimulating atmosphere that fosters global involvement, commu-

nity service, creative expression, and personal growth.

Undergraduates are the center of the Penn State community, and they are also its strength. Through involvement with extracurricular groups, intramural and intercollegiate athletics, and other organizations, Penn State students create a vibrant campus environment that reinforces and complements the classroom experience. They also learn the importance of responsibility, community, and integrity—values that connect them with generations of alumni. Penn State has one of the most active and engaged student populations in the country, with more than 75 percent participating in at least one of the University’s more than 800 student organizations, and the impact of student engagement can be felt beyond our campuses. Each year, more than 800 student-athletes rep- resent Penn State to fans across the country as members of our twenty-nine NCAA Division I teams, and another 1,400 athletes at our campuses play ten varsity sports through the Penn State University Athletic

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Conference. The Penn State Dance Marathon (THON) is the largest student-run charity in the nation, raising nearly $12.4 million in 2013 to fight children’s cancer. Many student endeavors, from the outstanding per- formances of our Musical Theatre students to service projects combating urban poverty, have built positive awareness of the University and its programs. Penn Staters continue to be leaders long after gradua- tion, and they are increasingly defining their community

in global terms. More and more students are spending time abroad, taking internships with international com- panies, and working to overcome economic and social challenges in other countries. As they graduate, they are putting their Penn State educations to work in profes- sions that bridge national boundaries, and they are serv- ing as ambassadors for the University to the world. To help our students become even stronger leaders and global citizens, the University, our campuses, and our colleges have set campaign objectives to: —Prepare students for global citizenship by introducing new courses and expanding internship opportunities. —Provide leadership training for student organization officers and student training on wellness, safety, diversity, and other important topics. —Integrate study abroad, course-related travel, and overseas research opportunities with curricular offerings and initiatives, to create meaningful connections between a student’s course of study at Penn State and interna- tional experiences. —Award grants to students for service learning and public scholarship (community projects that incorporate both service and student research).

“Leadership is an important skill in every aspect of your life–you can be a leader not only in your career and your volunteer activities, but also among your friends and family. My support for the Women’s Leadership Initiative in the College of Health and Human Development is a reflection of my experiences and values, and I have seen firsthand how the program’s holistic approach encourages young women to develop greater self-confidence. I encourage other alumni to come back to the University, learn about its current pro- grams, and find a way to get involved that expresses their own interests and beliefs.”

—Karen Bretherick Peetz ’77 H&HD is President of Bank of New York Mellon, and she served as chair of the Penn State Board of Trustees. She is the former board chair of United Way of New York City, and she serves on the executive committee of the Brooklyn Academy of Music. In addition to the Women’s Leadership Initiative, Karen and her husband, David Peetz ’76 A&A, have supported areas across the University, including the Smeal College of Business and the College of Arts and Architecture.

“Agriculture has really evolved over the past 100 years, and family farms like ours must continue to evolve if we’re going to feed a growing world population. Farm- ing today is a high-tech, business-oriented occupation that needs the same kind of leaders as other industries. Thanks to the Edgar and Dorothy Fehnel Leadership Development Scholarship and other funds, I’ve never had to turn down an opportunity to grow as a leader.”

—Anne Hartman ’11 Agr, who graduated with a major in Agricultural Sciences and minors in Agribusiness Management, Animal Sciences, International Agriculture, and Leadership Development, manages calves on her family’s Bernville, Pennsylvania dairy farm.

Building Faculty Strength and Capacity $266 million

Students will study with the finest teachers and researchers.

Students choose Penn State for the opportunity to work with faculty members who can stimulate their own poten- tial to succeed. These leaders are among the world’s top researchers and scholars, but they are also educators who devote themselves to building an academic community in which every student can flourish. Our reputation as an in- stitution depends upon the achievements of our faculty and

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“By supporting faculty, you have the opportunity to shape the future of a department. You can focus atten- tion on the subjects that students need to know to suc- ceed in today’s world. Our most rewarding experience has been seeing the department use the funds to grow into a more global, more vibrant place of instruction. If you receive a great education and become successful, it’s important to give back.”

—Peter R. ’68 Eng and Angela D. Dal Pezzo endowed the Peter and Angela Dal Pezzo Department Head Chair in Industrial and Manufacturing Engineering. Peter is a founding member of the Service Enterprise Engineering Board and also serves on the Industrial and Professional Advisory Board of the Industrial Engineering department. He received a B.S. in Industrial and Manufacturing Engineering from Penn State and is the retired Vice President of Corporate Projects for PELCO, a firm that designs and manufactures video security systems and equipment. He is now the President and CEO of Elevon.

their commitment to both creating and sharing the knowledge that shapes our world. Our reputation with students and their families is determined in part by the philanthropic resources available to recruit and retain such faculty members. Endowed faculty positions and graduate student support allow Penn State to attract the very best teachers and scholars. Endowed positions help faculty to integrate discovery and education, providing the re- sources for groundbreaking research as well as enhanced student experiences in the classroom and laboratory. Graduate fellowships and assis- tantships are critical to recruiting the very best young scholars, whose presence stimulates and supports the work of faculty; these students also team with professors in enhancing under- graduate education. The campaign aims to build faculty resources by: —Endowing at least 150 additional faculty positions. Penn State will place a premium on attract- ing faculty members who are committed to teaching undergraduates as well as conducting research and scholarship. Through its first two campaigns, Penn State added 262 endowed faculty positions. Still, our University today can offer endowed positions to just 9 percent of our tenured and tenure-track faculty members. Endowed faculty positions will become increas- ingly critical over the next decade, as the “baby boomer” generation of faculty retires and the competition for their replacements intensifies.

“When you have faculty who are actively thinking about how to bring teaching, research, and outreach together, and you have private funding to get some of their dreams off the ground, the results can be exciting for students. The course innova- tions and research experiences on which our students thrive would be difficult to develop without private funding. Philan- thropy allows us to create new oppor- tunities and realize the full benefit of being a top research university.”

—Carla M. Zembal-Saul, head of the Department of Curriculum and Instruction, is the first recipient of the Gilbert and Donna Kahn Professorship in Education.

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—Endowing graduate fellowships and assistantships. Graduate students act as faculty assistants while they prepare for their own careers, serving as tutors and mentors to undergraduate students and supporting Penn State’s burgeoning research. Only 34 percent of graduate students at Penn State hold assistantships or fellowships—the smallest percentage among the Big Ten schools—placing Penn State at a disadvantage in attract- ing top applicants. Recruitment is especially competitive for professional programs such as law, medicine, and business, and enrolling the best and brightest graduate students can dramatically affect these programs’ rankings and ability to draw leading faculty.

Few institutions have integrated education, public service, and world-class research as successfully as Penn State. Our students thrive in an atmosphere of intellectual discovery, and both undergraduates and graduate students have the opportunity to participate in some of the most important academic, scientific, and social breakthroughs of our time while learning problem-solving methods that will benefit them in any career. The University’s commitment to innovation allows us to better serve the larger world as well, fulfilling our land-grant mission. Right now, Penn State faculty and students are rac- ing to solve some of the toughest problems facing the United States, from global terrorism to the environment to economic and educational issues. The University’s scholars and scientists are among the most successful in the country in securing grants from government and business to pursue their research, and Penn State now ranks in the top ten institutions nationwide in research expenditures. Additional support from private donors is essential, however, to strengthening and stimulating Penn State’s community of discovery. Penn State is home to world-class academic departments and important interdisciplinary initiatives that need their own permanent endowments to recruit the best faculty, engage undergraduate and graduate students in cutting- edge research and collaborative scholarship, and provide the facilities needed to achieve these goals. The campaign seeks leadership gifts to endow our existing academic departments and programs as well as emerging efforts in fields such as:

Fostering Discovery and Creativity $391 million

Students and faculty will come together within and across disciplines to

pioneer new frontiers of knowledge.

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“Philanthropy plays a very important role in what we do as an institution. Much of my research in medical informatics is supported by grants, but grants often won’t cover crucial expenses like housing for student researchers at Penn State Milton S. Hershey Medical Center. This is why I’m so grateful for the Raymond G. and Diana L. Tronzo Medical Informatics Endowment. With- out that support, I would not be able to do the research I’m doing here at Penn State.”

—Madhu Reddy is an associate professor of information sciences and technology.

—Materials Science: The 1,300-plus Penn State faculty members and students in this field are making critical progress in areas such as biomedicine and molecular nanotechnology. —Energy and Environmental Science: Penn State is poised to be a national leader in efforts surrounding en- ergy use and production, air and water quality, and other issues fundamental to our national well-being. —Children, Youth, and Families: Our researchers are finding solutions to such urgent social issues as childhood mental health, obesity, aging populations, and community nutrition. —Cancer and Diabetes: Penn State College of Medicine is joining with scientists throughout the University and with health care providers to improve our understanding and treatment of these widespread health concerns. —Arts and Humanities: As one of the chief cultural in- stitutions in the country, Penn State has a unique respon- sibility to enrich artistic and intellectual opportunities for both our students and citizens.

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“Research puts a university on the map, and I believe that our support in the form of fellowships will help Penn State to compete for the best minds, i.e., scientists, engineers, and experts who are being sought by institutions around the world. Inge and I are especially excited about what might grow out of relationships between the University’s programs in biomedical sciences and engineering. The world is getting so complicated that it’s impossible to address any situation with just one discipline. Penn State has the fundamental pieces in place to make a difference in many fields. However, the final piece is the investment that needs to be made by the Uni- versity’s alumni and friends.”

—Harold J. Marcus ’49 Eng earned a bachelor’s degree from Penn State’s industrial engineering program, which celebrated its centennial in 2009. He is the President of Hal Marcus Inc. and American Villages Inc., both real estate development and management companies. With his wife, Inge, Hal has made many gifts to the University, including the Harold and Inge Marcus Dean’s Chair in the College of Engineering and endowments for the Harold and Inge Marcus Department of Industrial and Manufacturing Engineering that offer support to both graduate student and faculty researchers. Hal and Inge have also endowed Penn State’s Center for Service Enterprise Engineering, whose goal is to apply engineering approaches to non-manufacturing problems and processes, and they created the Marcus Family Endowment for Engineering Research, which fosters interdisciplinary investigations across the fields of engineering, science, and medicine.

“Private gifts could play a huge role in supporting research that shows great promise for reducing the environmental impact of manufactured products we all use every day. If our efforts suc- ceed, it may be possible to cut the cellulose content in paper by 50 percent and save two billion trees, 250 billion gallons of water, about half the chemicals currently used in cellulose purification, and 1.2 percent of the energy used in the United States every year. Philanthropy can help us see that kind of result faster.”

—Jeffrey Catchmark, an associate professor of agricultural and biological engineering, is exploring improved, sustainable plant-derived nanomaterials for use in paper, packaging material, and many other applications.

Continuing support from alumni and friends, gifts in kind, and partnerships with American and global businesses will be essential to main- taining Penn State’s ability to prepare our stu- dents for personal and professional success. Every year, more than 190,000 alumni and friends express their belief in Penn State’s future through annual gifts to programs throughout the Uni- versity. Regardless of size, these gifts provide our leadership with the flexibility to meet the chal- lenges of running a complex institution in today’s fast-changing world, and they are an opportunity for donors at every level to communicate their vision for Penn State. Many of Penn State’s most popular programs in the arts, public broadcast- ing, and athletics rely upon annual support, and our academic departments are able to enrich the student experience through curricular innova- tions, special lectures, and other opportunities funded through unrestricted gifts. Gifts in kind also enhance education for both undergraduate and graduate students. The collec- tions housed in the Palmer Museum of Art would not exist without gifts of artwork from Penn State alumni and friends. Our students in fields from engineering to biology are training on the latest professional software in their disciplines thanks to donations from leading companies. Gifts of materials and equipment to departments across the University have allowed academic leaders to direct funds to other needs, including scholarships and undergraduate research.

Sustaining a Tradition of Quality $617 million

Students will continue to work and study with faculty whose scholarship is

enhanced by continuing philanthropic support.

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“We are so proud to support the compassionate, family- centered care provided by Penn State Hershey Children’s Hospital. Whether a child needs major surgery after an accident or assistance in forming healthy habits for a lifetime, Penn State Hershey Children’s Hospital is there, and the Hummingbird Program is an example of how this commitment to central Pennsylvania families has an impact far beyond the walls of the hospital. Our experi- ence as donors and volunteers has opened our eyes to just how much Penn State does for the communities it serves.”

—Edward H. and Jeanne Donlevy Arnold of Lebanon, Pennsylvania, are leading supporters of Penn State Hershey Children’s Hospital, and their gifts have established the Hummingbird Program for chronically ill children and supported the construction of a transitional care suite in the new Penn State Hershey Children’s Hospital building. Ed is the retired Chairman of Arnold World Industries and the former Chairman of Arnold Logistics; he is now the President of Arnold Holdings, LLC. Jeanne Arnold is the retired Senior Vice President of Patient Care Services at Good Samaritan Hospital, and she serves as a volunteer leader for the Children’s Miracle Network and the Penn State Hershey Children’s Hospital Executive Committee. Both Ed and Jeanne are members of the Penn State Milton S. Hershey Medical Center campaign committee.

Strong relationships between Penn State and the business world have benefited both the Uni- versity and our corporate supporters in count- less ways. Companies around the world have come to rely upon Penn State as a source for both new employees and new ideas, and they have nurtured those programs that reflect their own aspirations and values. Whether a corpora- tion chooses to fund diversity programs, engage in collaborative research with our faculty, or support classroom projects that advance com- mon goals, Penn State offers businesses an op- portunity to reinvest in their communities and encourage tomorrow’s industry leaders. For the Future: The Campaign for Penn State Students is an opportunity to deepen our relationships with existing corporate and individual donors, as well as with charitable foundations that share the University’s mission and values. Through ongoing support, these relationships give Penn State the financial strength to continue our tradition of educational excellence while responding to the changing needs of our students and our world.

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Endowments are the single most important financial resource that distinguishes America’s best universities. These extraordinary gifts are carefully managed by Penn State to provide permanent, ongoing support for our students and programs. Endowments exist in perpetuity: the fund is invested for long-term growth, and only a small percentage (typically 4.5 percent) of the market value is spent each year, so that the endowment—and the legacy of our donors—endures for the life of the University. The minimum endowment levels listed below guarantee that sufficient income will be available to fulfill the intentions of the endowment. All endowments can be created with payments over the course of five years; most endowments can be established with estate or deferred gifts. Exceptions are noted below. Our development staff can work with you to establish guidelines for your endowment, and they will provide ongoing stewardship to ensure that your philanthropic goals are achieved.

Undergraduate Scholarships and Awards Honors Scholarship $50,000 These scholarships are a critical component of the aid packages provided to Schreyer Scholars, helping us to compete for top applicants against other public honors programs as well as private institutions such as Cornell University, Princeton University, the University of Pennsylvania, M.I.T., Notre Dame, and Carnegie Mellon. An honors scholarship may be targeted to Schreyer Scholars in a specific college or at a specific campus.

Trustee Scholarship $50,000* The Trustee Matching Scholarship Program offers our alumni and friends an opportunity to become partners with Penn State in meeting the financial need of our undergraduates. This groundbreaking philanthropic model uses University funds to match 10 percent—an amount approximately double the average spendable income from the endowment—every year in perpetuity,

thereby doubling the funds available for student support. Trustee Scholarships are the only undergraduate endowments at Penn State that earn this matching support. With some restrictions, donors may target their Trustee Scholarships to the student population with whom they feel the deepest connection by indicating a single preference category such as geographic region, academic major, or involvement in a particular activity.

Undergraduate Scholarship $50,000 This type of endowment offers donors the opportunity to shape a scholarship that expresses their passions and values by indicating multiple criteria for recipients: rewarding student leaders or academic achievers from a particular community, for example, or supporting students in a preferred major who also share other aspects of the donor’s background.

Destiny Scholarship $50,000 Destiny Scholarships help Penn State to fulfill its land- grant mission by assisting first-generation college students who are unlikely to enroll and remain at Penn State without significant financial support.

Enrichment Scholarship $50,000 Enrichment Scholarships help Penn State to create a vibrant and diverse academic community in which all individuals—regardless of ethnicity, gender, or other personal characteristics—can achieve their full potential.

Renaissance Scholarship $30,000 Recipients of Renaissance Scholarships are chosen from among the top students with the greatest financial need, regardless of academic major or other criteria. Donors may establish Renaissance Scholarships as University- wide or for a particular campus. Students who continue to meet eligibility requirements can maintain their Renaissance Scholarships throughout their Penn State careers.

Awards $20,000 Award endowments allow donors to recognize the extraordinary achievements of Penn State students and encourage new levels of academic excellence.

Endowment Opportunities at Penn State (Minimum Levels)

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* These endowments must be established with an outright gift, rather than an estate or deferred gift.

Graduate Fellowships and Awards Graduate Fellowship $250,000 Graduate fellowships allow departments to recruit the most talented students from around the globe, regardless of their financial circumstances. Covering tuition and basic living expenses, fellowships ensure that graduate students remain focused on their studies instead of the cost of education.

Distinguished Graduate Fellowship $250,000 Awarded to the most outstanding applicants across the University, these fellowships are among the most competitive forms of aid available to Penn State’s graduate students. While the same minimum endowment levels apply, Distinguished Graduate Fellowships double the impact of privately endowed funds by partnering endowment returns with permanently allocated University resources. This program will exist only until each unit has established the number of Distinguished Graduate Fellowships allocated to it by the Graduate School.

Graduate Scholarships & Research Awards $50,000 These funds can enhance an emerging scholar’s Penn State experience and future career by supplementing other financial aid awards, encouraging individual academic projects, supporting travel for research and professional conferences, and recognizing achievements that have meaning to the donor and to the wider world.

Faculty Support Dean’s/Chancellor’s Chair $5,000,000* The endowment of a dean’s or chancellor’s chair represents a landmark commitment to Penn State, ensuring that the most visible and important position

within a college or campus will continue to be held by distinguished and talented leader-educators.

Department Head Chair $3,000,000* This gift provides flexible support for departmental leadership in the form of strategic investments in such areas as graduate student stipends, faculty recruitment, research expenses, equipment purchases, and other resources that dramatically improve departmental excellence.

Faculty Chair $2,000,000 Typically conferred upon the most distinguished scholar- teachers, the endowment of a chair provides a professor with resources to continue promising research and programs, helping departments to attract or retain top faculty who are esteemed as mentors, direct important initiatives, and contribute significantly to the University’s mission.

Professorship $1,000,000 An endowed professorship offers resources necessary to pursue new lines of research or innovative teaching methods, ensuring the stability and strength of our academic programs and allowing Penn State to encourage new levels of achievement among its most promising faculty.

Early Career Professorship $500,000 The early career professorship offers recognition and additional support for outstanding young University faculty. It is designed to rotate every three years to a new recipient, typically at the assistant professor level, and it offers deans and campus executives the opportunity to recruit and retain rising academic stars.

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Support for Programs and Research Academic Departments $5,000,000 and more* Academic departments are the core of the University, encouraging disciplinary rigor and providing intellectual homes for our students and faculty. Naming an academic department is the best way to ensure that a program has the resources and flexibility it needs to lead the way for its students and its peers in education, research, and service.

Academic Centers & Institutes Various Levels By naming an academic center or institute, donors can accelerate our progress in addressing urgent global issues and encourage the interdisciplinary collaborations that hold the most promise in fields as diverse as medicine and economics, environmental science and international law. Lectureships $100,000 Lectures by visiting speakers reinvigorate dialogue on our campuses, connect our students with leaders in a vast range of fields, and attract the attention of the public and the media to the academic community at Penn State.

Research Funds $50,000 Research endowments have the potential to yield tangible benefits beyond the University and are

particularly vital in nurturing the work of junior faculty- researchers who may have special promise and vision but face difficulty in securing funds from conventional corporate and government sources. Libraries $25,000 Both students and faculty depend upon the University’s library holdings, from print publications such as books and periodicals to digital media and archival materials. An endowment can ensure that Penn State will be able to deepen and refresh its collections in an area that holds special interest for a donor.

Program Support $25,000 Through program endowments, donors can support activities as diverse as literacy outreach and undergraduate research, study abroad and public broadcasting. Naming Colleges, Campuses, and Schools The largest endowments can transcend categories and redefine our understanding of Penn State and its mission. These gifts represent a belief in the University’s ability to meet any challenge—present or future. They demand that Penn State maintain its position as a global leader in teaching, research, and service, and they inspire our students, faculty, and staff to aim higher for themselves and for our University. Opportunities to name Penn State colleges, campuses, and schools are available on an individual basis, at levels that reflect the scope and needs of these complex entities. Through naming endowments, our most generous benefactors can:

—Recognize a program’s achievements and provide the resources necessary to build upon them.

—Give a program the stability and support it needs to become a force in the academic world.

—Challenge faculty and staff to unite across disciplines and fields to provide the best possible education for Penn State students.

Naming a college, campus, or school is one of the most visible and important legacies that can be established at Penn State. Each gift reflects the donor’s highest ideals and ensures that those ideals remain an enduring yet dynamic part of Penn State for generations to come.

Ways to give

If you would like to shape the future of Penn State and the lives of our students, our development staff is ready to work with you to find the giving opportunity that best expresses your values and interests while meeting your own financial needs. There are many ways to give, including:

—Gifts by cash, check, and credit card You can make sure that your support benefits the program of your choice by giving online at www.givenow.psu.edu or by sending your check (made out to Penn State) to Penn State Annual Fund, 27 Old Main, University Park, PA 16802-1500.

—Electronic funds transfer (EFT) You can direct your bank to issue payments on a monthly or yearly basis to Penn State. An EFT form is available at: www.eft.psu.edu.

—Matching gifts Your employer may match your contributions to Penn State. To find out, visit: www.matching.psu.edu.

—Donor Advised Fund The Penn State Charitable Gift Fund is a service for Penn State alumni and friends who wish to make charitable gifts through the structure of a donor advised fund.

Penn State’s Office of Gift Planning can tell you about additional options for giving, including those listed below. For more information, please contact the University’s Office of Gift Planning at 888-800-9170 (toll-free) or [email protected].

—Gifts of securities You may be able to transfer stock or mutual fund holdings to Penn State while securing sig- nificant tax benefits for yourself and your family.

—Gifts of other assets Retirement funds and real estate can be transformed into important philanthropic support for Penn State. The same may be true for other personal property, such as artwork and special collections.

—Estate gifts Through a bequest, you can create a legacy that will benefit Penn State for generations to come. The Office of Gift Planning can tell you more about how to work with your estate planner.

—Life income gifts Charitable remainder trusts and gift annuities allow you to make a significant gift to Penn State while ensuring a stable source of income for you and your loved ones.

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Recognition societies

“We feel extraordinarily fortunate to have had great success in life, and we want to share our success with the people of the Commonwealth and with the very institu- tion that helped me obtain the tools to launch my career in the oil and natural gas industry. Supporting Penn State is a way of supporting the communities and fami- lies that the University serves, the same communities and families that helped our company to thrive. We also want to support Penn State students. When they take the ice at the new arena, they’re going to be showing hockey fans, Pennsylvanians, and the world that the University stands for achievement and integrity, and we’re proud that our name will be connected with the future of Penn State” —Terry and Kim Pegula were honored in 2011 as Penn State’s Philanthropists of the Year for their gift—the largest in the University’s history—to create the Pegula Ice Arena and launch Division I hockey at Penn State. Terry Pegula, a 1973 graduate of Penn State, is the founder and former president, CEO, and principal shareholder of East Resources Inc., a privately held independent exploration and development company based in Warrendale, Pennsylvania, and acquired in July 2010 by Royal Dutch Shell. Kim Pegula, a graduate of Houghton College, has also been involved with East Resources since 1991.

For decades, Penn State has recognized our most generous supporters by inviting them to become members of University-wide giving societies. These organizations were created to honor the important role that donors play in our success and to inspire new levels of philanthropy.

—The Mount Nittany Society recognizes donors whose lifetime giving totals $250,000 or more. Within the Mount Nittany Society, the Laurel Circle hon- ors those members who have made gifts totaling $1 million or more, and the Elm Circle recognizes extraordinary benefactors whose lifetime giving reaches the $5 million level.

—The President’s Club acknowledges the important role of annual support by honoring those donors whose annual gifts reach the $2,500 level. —The Atherton Society offers membership to all individuals who have made an estate provision for the University or a planned or deferred gift commitment, regardless of the amount.

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1984 2003 Percent Increase Goal for 2015 (Prior to Campaign (After Grand from 1984 to 2003 for Penn State) Destiny campaign)

Endowment Market Value $58,600,000 $965,500,000 1,548% $2,200,000,000

Total Voluntary Support $24,166,219 $181,314,385 650% $220,000,000

Undergraduate Scholarship 299 2,469 726% 5,100 Endowments

Students Receiving Private N/A 13,235 N/A 19,300 Scholarship Support

Faculty-related Endowments 29 409 1,310% 630

Total Alumni Donors 44,237 76,566 73% 110,000

University-wide Goals by 2015

For more than 150 years, Penn State has remained true to the spirit of our original charter, to be “an institution for the education of youth in the various branches of science [and] learning … as they are connected with each other.” Connections between research and

teaching, faculty and students, and knowledge and service have helped us to become one of

the world’s leading institutions. Our central mission remains, and always will be, our students,

and as we strive to be the most comprehensive student-centered university in the country, one

other connection will be critical to our success: the lasting relationship between Penn State and

its donors.

Philanthropy is becoming as much a Penn State tradition as the Blue Band or the Nittany

Lion. Alumni and friends have now realized that their University’s destiny is in their hands.

They recognize that philanthropy is not only a way to guarantee that Penn State’s traditions

endure; it is also an opportunity to express their values and passions. Whether donors choose

to support scholarships or research, athletics or the arts, they are partners with Penn State

in creating a richer, more vibrant community of discovery and learning. Both donors and the

University now see philanthropy as a deep engagement with the past, present, and future of

Penn State.

There has never been a more exciting moment to be a Penn Stater, and there have never been

greater opportunities for our supporters to make a difference at the University. By support-

ing this fundraising campaign, you can share your own vision for the institution and ensure

that the values that have made Penn State great continue to guide us for decades to come. It

is time to come together again, for Penn State students and For the Future.

When we began For the Future: The Campaign for Penn State Students, we did

not know the great challenges that would be faced by the American economy, by public

higher education, and by the Penn State community itself over the years to come. But

we knew that our students were depending upon us, as alumni and friends of the Uni-

versity, to join together in support of our traditions of opportunity and excellence. We

knew that our philanthropy would shape the lives of our students and the life of this

institution for generations to come.

Now, as we enter the final years of For the Future, we know that Penn State students

are depending upon us more than ever. By recommitting ourselves to their success and

the success of the campaign, we can keep a world-class degree within reach for families

from every economic background, and we can keep Penn State on the forefront of edu-

cation, research, and service. Our support will make the University an alma mater that

all Penn Staters can be proud to claim as their own. It is time to join together once

more, for our students and For the Future.

Sincerely,

Peter G. Tombros

Chair, For the Future: The Campaign for Penn State Students

This publication is available in alternative media on request.

The Pennsylvania State University is committed to the policy that all persons shall have equal access to programs, facilities, admission, and employment without regard to personal characteristics not related to ability, performance, or qualifications as determined by University policy or by state or federal authorities. It is the policy of the University to maintain an academic and work environment free of discrimination, including harassment. The Pennsylvania State University prohibits discrimination and harassment against any person because of age, ancestry, color, disability or handicap, national origin, race, religious creed, sex, sexual orientation, gender identity, or veteran status. Discrimination or harassment against faculty, staff, or students will not be toler- ated at The Pennsylvania State University. Direct all inquiries regarding the nondiscrimination policy to the Affirmative Action Director, The Pennsylvania State University, 328 Boucke Building, University Park, PA 16802-5901; Tel 814-865-4700/V, 814-863-1150/TTY.

Produced by the Penn State Department of University Publications U.Ed. DEV 14-5

Revised January 2014

Office of University Development

116 Old Main University Park, PA 16802 Phone: 814-863-4826 Fax: 814-863-7520

Rodney P. Kirsch Senior Vice President for Development and Alumni Relations [email protected]

The following individuals contributed to this publication as Penn State students:

Lia DeStio served as an intern in the Office of Development Communications before graduating with majors in Economics and Advertising/Public Relations. She was a mentor for the Smeal College of Business and THON chair for the Public Relations Student Society of America. She is working in the corporate world before returning to school to earn an M.B.A.

Cody Goddard graduated as a Schreyer Scholar with a major in Integrative Arts. He also served as the president of the Photography Society. Cody is now a freelance photographer. His photographic interests include portraiture, documentary, and fine art photography, with emphasis on large format and traditional film and plate processes.

Andrew Dunheimer is a May 2013 visual arts and information sciences and technology graduate. As a student, Andrew served as a senior photographer for the Daily Collegian and was a member of the National Society of Collegiate Scholars and the Phi Kappa Phi honor society. Andrew now works as a technology advisor in the financial services office at EY in New York City, while continuing his freelance photography career.