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William A. and Joan Schreyer's $30 million gift to the University
to form the new Schreyer Honors College is the single largest gift ever
given to the University by a person or couple. Over the years, the couple
have been ardent and generous supporters of the University.
Photo: Greg Grieco
In an announcement that was greeted with stunned silence, a few gasps and then an enthusiastic standing ovation, President Graham B. Spanier announced to the Board of Trustees on Sept. 12 the largest single donation to the University by a person or couple.
"I have wonderful news to share with you today. It will have a positive, profound and permanent impact on Penn State.
"Today, I have the unique, thrilling and humbling experience of accepting a gift in the amount of $30 million from Bill and Joan Schreyer," he said.
Spanier said the gift will establish the Schreyer Honors College -- the only such endowed honors college at any public university in America.
Spanier made the news public at his State of the University Address at Eisenhower Auditorium on the University Park campus, where the stunned and enthusiastic response was repeated by the attendees. The address also was broadcast statewide via satellite.
For more about the gift and information about the Schreyers and their long history of giving to Penn State, Click here.
Spanier lists University's
Calling the immense changes Penn State has undergone in the past year merely a foundation for the future, University President Graham B. Spanier on Sept. 12 outlined new priorities for Penn State that could help solve societal problems by drawing upon Penn State's strengths, during his annual State of the University address.