PSU news by
Penn State's student blog

Topics

About

Ira Lubert Gifts $5 Million To Penn State, $1.75 Million For Lasch Renovations

By Ben Jones

Penn State football will see $1.75 million of a $5 million dollar gift to the university go towards Lasch Building renovations. Ira Lubert, a 1973 Penn State graduate and chair of the university’s Board of Trustees, committed the $5 million gift that was announced on Monday morning.

In total more than $3 million will be used to support endowed scholarships, including $2.4 million for the Millennium Scholars program; $500,000 for an Open Doors Scholarship at the Abington campus; and support for the Rod Kirsch Renaissance Scholarship and a new scholarship in Health and Human Development.

Additionally, another $100,000 will be used to support Lion’s Pantry, which was chosen as the 2017 class gift and addresses the issue of hunger at Penn State.

“Having served on the Board of Trustees for many years and now as chair, I am aware of the vast potential of Penn State’s students, faculty and programs, and I know how philanthropy can fuel their achievements,” said Lubert in a statement. “I’m fortunate that, in part because of my Penn State education, I can give back and help support the future of my alma mater and its graduates.”

“Leading by example, Ira has long served the University through his many volunteer efforts as well as his philanthropic giving,” said Penn State President Eric Barron in a release. “With his vantage point, he is able to identify where giving will have the most impact and has stepped up to fill critical needs. We are very thankful for his commitment to Penn State and for his generosity that will broadly benefit Penn State students and programs.”

While the implications and impact of a multi-million dollar gift are fairly apparent, the $1.75 million will go a long way towards various upgrades across Penn State’s football complex. James Franklin spent much of this spring’s coaches caravan tour discussing the need to continue improvements and upgrades inside the Lasch Building, secondary to Penn State’s recently released facilities master plan which includes a massive renovation of Beaver Stadium.

No timeline or fundraising effort has been announced yet for that particular plan.

About the Author

StateCollege.com

Posts from our partner website StateCollege.com.

Comments

More by StateCollege.com

Herwig’s Austrian Bistro Sets Closing Date

Owner Bernd Brandstatter announced in March that restaurant would be closing between June and August, but the final day of business has been moved up.

Former Penn State Football Player Denies Burglary, Assault Accusations

Spats Cafe Collaboration With Allen Street Grill Set For Grand Opening

Athletics

North Dakota Interested In Playing Against Penn State Hockey In Nashville

North Dakota is working towards an agreement that will see its hockey team play against Penn State in Nashville during the 2020-21 season.

Former Cal Swimmer Says She Emailed Sandy Barbour About Sexual Harassment Claims

Max Sauve Commits To Penn State Hockey

Penn State Women’s Volleyball Releases 2018 Schedule

Penn State Hoops Alumnus Joonas Suotamo’s Journey To Becoming Chewbacca Featured On ESPN’s ‘E:60’

Student Life

Penn State Love Stories: A Chance Meeting On A Service Trip

When Abby Wilt went on a service trip to Nassau, Bahamas, she had no idea she’d meet the love of her life.

10 Questions With 2019 Class Gift Director Tom Beeby

Career Services To Launch Integrated Career Management & Recruiting Platform

Plans Submitted For New KFC In State College

Developers have submitted preliminary land development plans to build a new KFC restaurant at 1780 S. Atherton St. in State College.

State Theatre Recognized As A State College Historic Site

As it approaches the 80th anniversary of its opening, the State Theatre has been recognized as a State College historic site.

Penn State Love Stories: A Chance Meeting On A Service Trip

When Abby Wilt went on a service trip to Nassau, Bahamas, she had no idea she’d meet the love of her life.

Be the first to know

  • Top posts and the best Penn State stories

Thank you for subscribing.

Something went wrong.

10 Questions With 2019 Class Gift Director Tom Beeby

Tom Beeby will serve as the 2019 Class Gift Executive Director.

Send this to a friend