OFFICE OF DEVELOPMENT
"THE BIG PUSH" IN THE FINAL STRETCH
CAMPUS CAMPAIGN 2007-2014
(as of March 1)
Total Raised: $2,944,402
Total Needed: $55,598
Time Remaining: 3 months
Alumni and friends of Penn State New Kensington can contribute to the University by establishing an endowment or by contributing to already established campus endowments or funds. Gifts can be in the form of a one-time gift in cash or securities, or a pledge commitment to be paid over a specified number of years. Gifts can also be created through bequests, or in the form of a deferred gift designed to provide a life income for the donor or his or her dependents.You can chose from the following options. Click on the hyperlink for more information and forms or call Donna Speer, director of development, at 724-334-6057.
Trustee Matching Scholarships donors become partners with the University in supporting students; annual spendable income on an endowed scholarship, which averages 5 percent, is matched by the University and allows donors to make the most of their philanthropic dollars; benefits the campus while often providing tax benefits to the benefactor
Endowments are held by the University in perpetuity; initial gift is invested and only a portion of the average annual investment return is spent; remaining income is added to the principal as protection against inflation;
Annual Funded Scholarships assist students of all ages with tuition expenses
Special Endowed Funds benefit the development of technology, Honors Program, and student leadership.
Planned Giving programs that provide benefits to you now, and in the future, while benefiting Penn State for generations to come
Corporations and Foundations collaborations may also include matching gift programs
Program Support opportunities enrich academic, social, and cultural aspects of the campus
Faculty Support funds provide special teaching and research materials, library acquisitions, and other forms of assistance
Giving Societies honor the important role that donors play in our success and inspire new levels of philanthropy; donors can earn membership in the campus’ Arch Recognition Society, as well as four other Penn State societies.
Each year, Penn State alumni, parents, and friends provide the University with much-needed financial assistance through outright gifts of cash, securities, or other property. Outright gifts have an immediate impact and are used to support the current needs of our schools and colleges. For more information on the options below, visit Ways to Give or call Donna Speer, director of development, at 724-334-6057. For specific giving forms, click on the option's hyperlink
Matching Gifts maximize personal contributions to the college by taking advantage of your company's matching gift benefit
Cash, Check, and Credit Card are the easiest and most direct way to give to the campus and are fully deductible for individuals who itemize on their federal income tax return.
Electronic Funds Transfer
Make monthly gift payments of $10 or more by having it deducted directly from the banking or savings account of your choice.
Stocks and Bonds
You can donate appreciated securities to Penn State New Kensington, which is a great way to support the college while possibly providing you with significant tax benefits.
Gift planning allows you to make charitable gifts now or after your lifetime while enjoying financial benefits for yourself.
Senior Class Gifts
Graduating seniors can make lasting gifts to the college by contributing to the Senior Class Gift fund.
Faculty and Staff Contributions support to the future of the campus by donating through payroll deduction, check or credit card.
Constructing an on-campus softball field and renovating the Forum Theatre are two of the top priorities of the ‘Big Push.’ The new home for the Lady Lions will be located below the soccer field. Theatre renovations include overhead canopies that blend direct and reflected sound.
GIVING TO PENN STATE
No matter how you give — through corporations and foundations; outright gifts of cash or stocks; planned giving — you share with other Penn State supporters one important reward: the personal satisfaction from making an investment in the University's future. To learn more about “Giving to Penn State", visit http://www.giveto.psu.edu/.
You can contact Donna Speer, director of development, to discuss the many options available to donors who wish to support Penn State New Kensington. Donna will assist you in creating a gift that meets your personal interests and matches the needs of the University. Call 724-334-6057 or e-mail: email@example.com
The Board of Trustees has established minimum support levels for various types of endowments to guarantee that income will be adequate to achieve the benefactor's intent — now and in the future. These endowments may be named in recognition of the generosity and vision of the donors, or in honor or memory of persons of the donors' choice. Named endowments stand in perpetuity as landmarks.
ENDOWMENT CATEGORY MINIMUM GIFT
Dean's Chair: $5,000,000
Department Head's Chair: $3,000,000
Faculty Chair: $2,000,000
Career Development Professorship: $500,000
Graduate and Undergraduate Student Support
Graduate Student Aid
Distinguished Graduate Fellowship: $250,000
Undergraduate Student Aid
Academic Excellence Scholarship: $150,000
College Scholarship: $50,000
Destiny Scholarship: $50,000
Enrichment Scholarship: $50,000
Renaissance Scholarship: $30,000
Trustee Matching Scholarship: $50,000
Program Support: $25,000
For more information on these endowments, call Donna Speer, Director of Development, at 724-334-6057
Feature story about campus donors in the
Valley News Dispatch by R.A. Monti
Donors support Penn State New Kensington students
By R.A. Monti
Published: Monday, Feb. 10, 2014, 12:01 a.m.
Some local donors have made sure that worthy Penn State New Kensington students will continue to get a quality education.
In the past few months, the Upper Burrell college has received three different commitments to start scholarship funds of at least $50,000.
“These are Trustee Scholarships,” said Donna Speer, PSNK's director of development. “It's sponsored by the board of trustees.”
Speer said Penn State recently announced that it will double the normal amount the campus can draw on a scholarship.
“You can draw 5 percent a year from the fund for scholarships,” Speer said. “The university usually matches that, but now they're going to double it.”
Speer said the university draws the endowment's market value, about 4.5 percent.
“So, you can give a student about 14 percent,” she said.
On an endowment of $50,000, instead of receiving a $5,000 scholarship, it allows a student to get $7,000.
Speer said that those who make the donations can pay it off during five years, but still receive the university's doubled match.
For Dr. Karl Salatka and his wife, Jennifer, donating to the scholarship fund made sense.
“I think it specifically helps the community,” said Karl Salatka, a retired surgeon and Lower Burrell resident. “In general, I think it helps the country.
“Penn State has offered the opportunity to match funds to our funds,” he said. “So, we get a multiplier effect.
“That's more money brought in to support local students, the campus and our community.”
Speer said those who donate scholarships can put one provision on how their money is given out. The Salatkas are asking that their scholarship be awarded to students who come from underprivileged backgrounds.
Dr. Jim and Lynn Ramage of Manor Township are requesting that their scholarship be given to a student who majors in a STEM (Science Technology Engineering Mathematics) program.
“It changed my whole life by getting an education,” said Jim Ramage, a retired veterinarian. “I never thought that (going to college) would occur.
“My father died at 53, my mother was a waitress till she was 75,” said Ramage, a 1963 graduate of the school. “I worked in a mill after the service, and decided it wasn't the way I wanted to spend my life. They had the G.I. Bill, and decided I wanted to use it.
“Applying to Penn State, they had scholarship money for me and other people like me who couldn't afford the whole cost.”
Ramage said it was important for him and his wife, who sent both of their children to Penn State, to help other students.
“I have friends that will hold off and leave (money) in their will, but I want to be able to see it be put to use,” he said. “I'd rather enjoy the student's efforts.”
Alum gives back
Ray Mastre, the head of the school's Advisory Board, has drawn money from various places to raise as much as possible for his scholarship.
A 2004 graduate from Penn State New Kensington, with a degree in information science technology, Mastre works for PricewaterhouseCoopers, or PWC.
“Whatever I donated, PWC matches,” said Mastre, 32, from his hotel room in Barcelona, where he is on business. “I also got a lot of donations from Advisory Board members.
“Add that to the match by the university, and we were able to generate a lot of money.”Mastre said his endowment will total about $80,000.
“I went to Penn State New Kensington as a student, when it went from two-year to four-year institution,” said the Plum native, who calls New York City home.
Mastre said it's important to him to help students finish their degrees at PSNK, so his scholarship is designed to go to students who are entering their junior or senior year.
“I wasn't in a position to move away and live on campus,” he said. “I wanted to commute somewhere that could give me a quality education.”
Mastre said scholarships played a major role in his attending Penn State.
“I come from a single-parent home and wasn't in a position to afford to go to school,” he said. “I was a caddy at Oakmont Country Club and was awarded the Stanley Druckenmiller Foundation Scholarship.”
Druckenmiller is the founder of Duquesne Capital. His net worth is more than $2.8 billion, according to Forbes Magazine.
“(The scholarship) gave me the means to attend Penn State,” he said. “I met Stanley Druckenmiller a couple times and he told me he was glad to help me, but encouraged me to pass it on.
“So, I'm trying to do that.”
R.A. Monti is a freelance reporter for Trib Total Media.
His email is firstname.lastname@example.org
Ramage gift supports scholarships for campus students in STEM fields
Under the pavilion on their Ford Cliff property, Jim Ramage. left, and Lynn Ramage, second from the right, talk about their gardens with Mardelle and Patrick Kopnicky.
“Dr. James Ramage and Lynn Ramage Trustee Scholarship”
Local residents and longtime Penn State supporters Jim and Lynn Ramage recently pledged $50,000 to create the “Dr. James Ramage and Lynn Ramage Trustee Scholarship” at Penn State New Kensington.
The Ramages' gift establishes the 15th Trustee Scholarship at the campus. The Trustee Matching Scholarship Program maximizes the impact of private giving while directing funds to students as quickly as possible, meeting the urgent need for scholarship support. For Trustee Scholarships created through the end of For the Future: The Campaign for Penn State Students on June 30, 2014, Penn State will provide an annual 10 percent match of the total pledge or gift. This level is an increase from the program’s original match of 5 percent, and it is available only for new endowments of $50,000 or more. The University match, which is approximately double the endowment’s annual spendable income, continues in perpetuity, multiplying the support available for students with financial need.
“I am thankful that I have the opportunity to help students realize their potential and benefit by the education provided by Penn State,” said Jim, an Air Force veteran. “I served my country and was fortunate to be able to take advantage of the Korean GI Bill and assistance from Penn State scholarships. This gives me an opportunity to pay back the University by helping deserving students achieve their degrees.”
Undergraduates and incoming freshmen at the New Kensington campus are eligible for the Ramage scholarship. As per the donor's wishes, first preference is given to students who enroll in the math course, Calculus with Analytic Geometry I, a required course for the science, technology, engineering and math majors. It is the Ramages’ desire to support students who are pursuing a degree in the STEM fields.
Penn State offers more than 30 STEM degrees through its colleges of Agriculture, Earth and Mineral Sciences, Engineering, Information Sciences and Technology and Science. Four degrees -- Biomedical Engineering Technology, Electro-Mechanical Engineering Technology, Information Sciences and Technology, and Radiological Sciences -- can be completed at the New Kensington campus. Other degrees can be started at New Kensington and finished at the University Park campus.
The Ramages' connection to the campus has spanned more than 20 years, beginning in the 1990s when Jim served on the campus Advisory Board. They have attended numerous events and have donated to other scholarships that benefit campus students. Their bonds to Penn State are even stronger.
Jim earned a bachelor’s degree in agricultural and biological science from Penn State in 1963 and a veterinary degree from the University of Pennsylvania in 1967. For 30 years, he owned and operated a veterinary practice, Valley Veterinary Hospital, in Lower Burrell. Lynn was the business manager, technician and surgical assistant at the business. Both are now retired. Two of their children also are Penn State alumni. The connection encompasses three generations as Lynn’s father, Dee Orcutt, was a graduate of Penn State’s School of Forest Resources.
In addition to supporting scholarships, the couple supports the Arboretum at Penn State, where trees, shrubs and herbaceous plants are cultivated for scientific and educational purposes. Located adjacent to the University Park campus near the intersection of Park Avenue and Bigler Road, the Arboretum sits on 370 acres containing more than 17,000 individual plants representing over 700 species. The Arboretum’s marsh meadow was named after the husband and wife philanthropists. Occupying space in a low area of the Arboretum along Park Avenue, the Ramage Marsh Meadow is a landscape feature that represents a grassy wetland. The meadow protects the infiltration and cleansing of storm water run-off and replenishes the underground aquifers that serve the University and the community.
“The Ramages helped lay the foundation for the Arboretum at Penn State to become the first-class botanical institution it strives to be,” said Patrick Williams, director of development for the Arboretum. “The Arboretum is a place of research, education, conservation, and enjoyment of the natural world.”
Complementing their giving to the campus and University, the Ramages regularly give back to the community. The Ford City residents are Penn State Master Gardeners and support several horticultural societies. Trained by the Penn State Cooperative Extension, Master Gardeners are volunteer educators in their local communities. They advise individuals and groups on gardening topics that include plant selection, composting, soil improvement, pest control, vegetable and flower gardening, and pruning.
Lynn has served as president of the Kittanning Garden Club, and Jim is a member of the American Conifer Society. They developed a 37-acre garden on their Armstrong County property that boasts thousands of bulbs and hundreds of trees, an extensive hosta collection, and 14 varieties of oak
A year ago, the Ramages opened their property for a New Kensington campus event that offered a tour of the English-style estate, which sits on a bluff overlooking the borough of Ford City. The Ramages designed and tend to the woodland and perennial gardens. The areas feature bulbs, plants, bushes and unique trees planted by the Ramages. Their devotion to the botanical collection was the favorite aspect of the garden tour for event organizers Patrick and Mardelle Kopnicky, Penn State alumni and co-chairs of the campus’ "For the Future" campaign.
“What I love about their place is they are doing exactly what they want, and they go out searching for unique plants,” said Mardelle, who is on the board of the Harrison Hills Environmental Learning Center. “This is their love and their passion, and they take very good care of it themselves.”
The Ramages' gift will support the campus’ goals in For the Future, which is directed toward a shared vision of Penn State as the most comprehensive, student-centered research university in America. The University is engaging Penn State’s alumni and friends as partners in achieving six key objectives: ensuring student access and opportunity, enhancing honors education, enriching the student experience, building faculty strength and capacity, fostering discovery and creativity, and sustaining the University’s tradition of quality. The campaign’s top priority is keeping a Penn State degree affordable for students and families. The For the Future campaign is the most ambitious effort of its kind in Penn State’s history, with the goal of securing $2 billion by 2014.
For more about the Arboretum at Penn State, visit http://www.arboretum.psu.edu/index.html
The Ramage Marsh Meadow at the Arboretum at Penn State in mid-November. The meadow is located adjacent to the University Park campus, along Park Avenue. A part of the Smith Botanical Gardens, the meadow is a landscape feature that protects the infiltration and cleansing of storm water run-off and replenishes the underground aquifers that serve the University and the community.
An overlay of a photo of the map at the entrance to the H.O. Smith Botanic Gardens at Penn State shows the location of the Ramage Marsh Meadow.
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