Spanier Reinforces Commitment to University
Graham and Sandra Spanier have pledged an additional $700,000 to the University, for a grand total of $1,000,000. To put that figure into perspective, in five years that money would accumulate enough interest to annually provide full scholarships for seven students. Their gift’s impact will only grow over time.
This gift is not their first. Check out this article from 1996, when Spanier donated $100,000 to the University.
Spanier’s donation is in the wake of the Trustee meeting, about which we have already posted. I wonder how the Board of Trustees feels about Joe Paterno.
Joe and Sue Paterno have also donated quite a bit of money to the University. Moreover, JoePa draws a much smaller salary than a coach at a comparable school so his donation is that much more impressive.
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About the Author
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Penn State and the Process of Life
To paraphrase Mark Twain: The reports of higher education’s death have been an exaggeration. American universities produce more research and relevant knowledge for the world at large than any other institutions I know of. Tuition may be too damn high, but over the long-run, undergraduate degrees are definitely worth the cost. But Penn State could be so much more. It used to be, I think.