For the Future capital campaign pushes forward into final year
In an effort to ensure that Penn State University’s capital campaign goal is met, a unique opportunity is available to those businesses and individuals who are interested in helping students in the area. Now in its final year, For the Future: The Campaign for Penn State Students includes a major goal of raising scholarship funds for students, and the University is now offering a way to maximize the impact of private gifts through the Trustee Matching Scholarship program.
The program directs matching funds to the neediest students as quickly as possible. Penn State matches 10 percent (up from 5 percent for a limited time) of total gifts or pledges of $50,000 or more for newly created Trustee Scholarships, making funds immediately available for student awards. This University match continues in perpetuity, essentially tripling the support available for students with financial need. The 10 percent match is available through the end of the campaign in June 2014 or until the pool of matching funds has been awarded.
“For anyone who ever thought of creating a scholarship, now would be the opportune time, as the University match is a deal that’s too good to pass up. Donors are able to help our students with the satisfaction of knowing that their gift will have triple the impact of an ordinary scholarship endowment,” says Lori Omatick, director of development at the Fayette campus.
For the Future: The Campaign for Penn State Students, which began in 2007, is the most ambitious effort of its kind in Penn State’s history with the goal of securing $2 billion by June 2014. The start of the University’s fiscal year on July 1, 2013 marked the beginning of the campaign’s final year. One of the campaign’s top priorities is keeping a Penn State degree affordable for students and families.
Locally, Penn State Fayette, The Eberly Campus has raised more than $3 million toward its campus goal of $3.5 million. Committee co-chairs Joseph A. Hardy III and Terry McMillen; Attorney Henry Beamer, Jeffrey Erdley, Paul Kania, Attorney Wayne Port, Robert Mocniak Josh Swimmer, and Dr. Philip Savini currently assist in this fundraising effort by serving as members of the campus’ volunteer campaign committee.
For more information on ways to give to Penn State Fayette, The Eberly Campus, call Lori Omatick at (724) 430-4190.