2023–24 President’s Report on Philanthropy and Endowments

Leading the Way

This year’s impressive fundraising totals included some of the most significant gifts in the University’s history. We will continue to celebrate their impact in the years to come, but the following pages offer a first look at the landmark commitments that were made in 2023–24.
Penn State Mont Alto Woodsmen team saws a log

The Chaiken Centers for Student Success

Group of people t the Chaiken Scholars Reception

When perennial Penn State benefactors Gene and Roz Chaiken made their largest-ever gift in 2021—a gift that cemented their legacy as the largest scholarship donors in Penn State history and resulted in the naming of the Susan Welch Liberal Arts Building after they had already been recognized as Philanthropists of the Year—most thought it would be their capstone contribution to the University.

But recognition is not what motivates Gene and Roz Chaiken; helping students is. While the amount of their latest commitment to the University is not being disclosed publicly, it has made them the second-largest donors in Penn State history and extends their impact beyond the College of the Liberal Arts, where the bulk of their philanthropy has been focused and where they established the Roz and Gene Chaiken Center for Student Success earlier in 2021.

“Helping other people is a privilege, not a chore. Those are the nine words Roz and I live by. It’s our DNA. We hope this gift inspires others to help financially or give of their time. Most of all, we hope it helps more students succeed, and we feel grateful that we are able to play a role in doing so.”

Gene Chaiken ’62, whose philanthropy with Roz to the College of the Liberal Arts has included the Chaiken Family Chair in Jewish Studies, the Gene and Roz Chaiken Trustee Scholarship, the Chaiken Family Trustee Scholarship, and the Gene and Roz Chaiken Liberal Arts Centennial Graduate Endowment in Honor of Susan Welch

Building upon and consolidating existing academic support services, the new gift establishes Chaiken Centers for Student Success elsewhere in the University, including Penn State Abington, the College of Information Sciences and Technology, and Penn State World Campus, as well as a University-wide student success center at University Park. In addition to the new centers, the Chaikens’ latest gift establishes a professional development fund for Chaiken Centers University-wide and creates a new fund in the College of the Liberal Arts, the Gene and Roz Chaiken Dean’s Fund for Antisemitism Education.

“Through Gene and Roz’s extraordinary philanthropy, the Chaiken family is already synonymous with creating opportunity and success for students in the College of the Liberal Arts,” says President Bendapudi. “I am thrilled that students across the University will now benefit from the Chaikens’ profound generosity.”

The J. Jeffrey and Ann Marie Fox Graduate School

Jeff and Ann Marie Fox

Penn State’s Graduate School, which enrolls more than 13,000 students across 300 degree programs, now bears the names of leading philanthropists who have committed $20 million to its future success and strength. In July, the Board of Trustees approved the naming of the J. Jeffrey and Ann Marie Fox Graduate School in recognition of the couple and the endowment they have created to provide support, in perpetuity, for graduate students and faculty and for initiatives that enhance the academic caliber of graduate education at the University. The gift is the largest in the Graduate School’s century-long history, and it is expected to accelerate Penn State’s rise as one of the world’s top destinations for students pursuing advanced study in their fields.

“We chose to name the Fox Graduate School because we believe that our shared future will be shaped by the scientists, scholars, and leaders in every discipline who pursue advanced studies and prepare for successful careers at Penn State. We see our gift as an investment in the world that they will create, and we will take the greatest pride in their professional achievements and the academic reputation of the Fox Graduate School that they will carry forward into their careers.”

—Jeff and Ann Marie Fox

The Foxes are now among an elite group of Penn State donors who have attached their names to high-level academic units at the University. Income from the endowment for the J. Jeffrey and Ann Marie Fox Graduate School will be directed toward scholarships, fellowships, and other direct aid to graduate students, with a special focus on military personnel and their families. The endowment will also help the Fox Graduate School dean to engage leading faculty and visiting scholars and support initiatives and programming intended to elevate Penn State as the preeminent academic graduate school in the country.

“The Foxes’ visionary support speaks both to their tremendous generosity and the perennial importance of graduate-level studies in achieving the most noble aims of higher education: to elevate human knowledge and change our world for the better,” says President Bendapudi. “This commitment from Jeff and Ann Marie represents the first college naming gift in Penn State’s new campaign, and their leadership stands as an example of what we can achieve through the combined power of philanthropy, education, and partnership.”

A Commitment to Students across the University

Teacher in classroom working with elementary students.

With pledges to seven different funds, a donor who has chosen to remain anonymous will have a profound impact far into the future. The eight-figure estate commitment will bring the donor’s total support of Penn State to more than $13.5 million.

The commitment includes one of the largest scholarship endowments ever established in the College of Education, intended to assist students who are preparing for careers teaching world languages or English as a secondary language. Dean Kimberly A. Lawless says, “To address Pennsylvania’s shortage of K–12 teachers, it is imperative that we incentivize young people to enter the profession. This extraordinary gift will eliminate financial barriers to a College of Education degree, empowering students from diverse social and economic backgrounds to pursue meaningful careers that impact communities, the Commonwealth, and society as a whole. Our gratitude to this special donor is immeasurable.”

Gifts from the estate will also support areas across the University:

  • In the College of Agricultural Sciences, a new scholarship endowment will direct support to first-generation college students with financial need, with a first preference for those with an interest in poultry science.
  • At Penn State Berks, an endowed scholarship for undergraduates with financial need has been paired with a chancellor’s excellence fund to provide campus leadership with resources to address urgent needs and seize emerging opportunities.
  • Two funds will be created at Penn State College of Medicine: a dean’s excellence fund and a research endowment that will complement the investments made by Four Diamonds in pediatric cancer research.
  • The impact of the donor’s estate commitment will also be felt by the members and fans of Penn State’s Blue Band through an endowment that will offer flexible resources to meet the program’s most urgent needs.

“The tremendous generosity of the donor is matched only by the great humility that inspired the decision to remain anonymous. The care and thought that went into this estate commitment reflect a deep appreciation for Penn State’s mission to serve students, families, and the communities of our Commonwealth, as well as our alumni and fans, and I am deeply grateful and honored that such a far-reaching legacy will be entrusted to our institution.”

—President Neeli Bendapudi

Students walking on Penn State Berks campus.

The anonymous estate commitment will benefit students in the College of Education (top) and at Penn State Berks (above).