6-12-03
BLACK FAMILY GIFT BENEFITS COLLEGE AND COMMUNITY
The $20 million gift given to Penn State Erie by Samuel P. Black Jr. and his wife, Irene, is an endowment that will support the Sam and Irene Black School of Business at Penn State Erie in perpetuity. Working with the family, the University developed endowments in three different categories:
The Black Family Faculty Fund ($6 million), which will establish four endowed faculty chairs:
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The Samuel Patton and Marion Toudy Black Chair in Business, to provide expertise that is vital for competing in the global marketplace;
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The Henry J. and Alida J. Bowman Toudy Chair in Entrepreneurship, to focus on creation and management of new business enterprises;
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The Andrew Morrow and Elizabeth Lee Black Chair in Management Technology, to concentrate on the management of technological and organizational innovation; and
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The Samuel Patton Black III Chair in Insurance and Risk Management, to focus on brokerage, reinsurance, and risk management issues.
The Black Family Student Fund ($5 million), which will establish undergraduate scholarships and graduate fellowships:
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The Elizabeth "Betty" Lee Black Graduate Fellowships ($2 million), to fund research projects to assist local businesses and to support graduate assistants working with the Sam and Irene Black School of Business faculty in its teaching, research, and outreach missions.
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The Lawrence and Elizabeth Held Scholarships ($3 million), merit-based scholarships to assist in recruiting students of the highest caliber, with preference to students in the Schreyer Scholars and Behrend Honors programs.
The Black Family Excellence and Opportunity Fund ($9 million), which will be used to provide innovative and state-of-the-art technology, facilities, and programs to the faculty and students in the following areas:
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Library, instructional, and information technology resources;
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Community and industry outreach, for example: technical support for businesses; funding for applied research centers; business speaker series, workshops, and Business Bridge programs; faculty-business collaborations; and data collection and dissemination;
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Faculty professional development.
Families interested in scholarships should
contact the Financial Aid Office at
814-898-6212.
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Contact:
Loretta Brandon
814-898-6063 (O)
E-mail: lzb6@psu.edu