Penn State business students wanting to immerse themselves in the global business environment will have significant new support from a program created by University alumni Edward R. and Helen Skade Hintz.
Through a $500,000 gift, the couple has created the Hintz International Scholars Program in The Smeal College of Business Administration. Scholarships from the program will provide support for Smeal undergraduate and MBA students to study and travel abroad.
Edward Hintz, president of the New York investment firm of Hintz, Holman & Hecksher, said he and his wife hope this program "will have a life-changing effect on all those who take part in it."
While the college's linkages overseas date back more than three decades, they have taken on increasing importance as business has become more global in scope. The Smeal College offers its undergraduates nine majors through which they may combine studies in a discipline such as accounting with international business. Involving approximately 550 students, these majors require a semester of study abroad. Graduate students -- MBAs in particular -- often opt for study abroad as well, and the college is currently taking a strategic look at the schools with which it has relationships.
In addition this summer, The Smeal College joined the handful of business schools in the United States that require their undergraduates to be proficient in a foreign language.
The Hintz International Scholars Program will be administered through Smeal's Center for Global Business Studies, under the direction of Fariborz Ghadar, holder of the Schreyer Chair for Global Management, Policies and Planning.
A lion's share of the scholarship support, 75 percent, will be used to benefit undergraduates. First preference will be given to students interested in studying in Southeast Asia, and then those interested in other regions of the world where learning a foreign language would be necessary.
Edward Hintz is a 1959 graduate of The Smeal College, and Helen Hintz is a 1960 graduate of the College of Health and Human Development. He is vice chair of the Penn State Board of Trustees, volunteer chair of Penn State's upcoming capital campaign and a member of The Smeal College Board of Visitors.
State College resident Helen Korb Hawbecker has given $200,000 to endow a baseball scholarship for student-athletes in memory of her father, former Penn State baseball player Nelson "Red" Korb.
The Korb scholarship will recognize academically talented undergraduates with financial need who are also proficient in baseball.
"Nelson Korb helped to establish the rich tradition of Penn State baseball, and it is especially meaningful that current and future players can benefit in such a real sense from the legacy of those who have preceded them," said Tim Curley, athletic director.
Hawbecker lives in State College and follows Penn State athletics. She has two children (both Penn State alumni) and one grandchild.
Nelson Korb came to Penn State from Philadelphia and majored in industrial engineering. He was a letterman and starting shortstop for the baseball team from 1919 to 1921, a period which included a school record that stands to this day of 30 straight wins.
He was later general manager of Connecticut Mutual Life Insurance in Harrisburg.
A gift of more than $50,000 to the University Libraries from Helen K. Wright of State College has endowed support for the Life Sciences Library. The total gift establishes two endowments -- one for students and one for collections -- named in memory of Wright's late husband, James E. Wright Jr., a Penn State professor emeritus of genetics who died in 1997.
Helen "Kris" Wright earned her degree in education from the State University of New York at Albany, taught at Interlaken and Ithaca, N.Y., and later substituted with the State College Area School District for nearly 50 years. In recognition of her husband's interests, her gift creates grants for undergraduate students majoring in genetics or related fields who perform collection assessments and bibliographical research for the Life Sciences Library, and aims to strengthen the library's collection of genetics-oriented materials.
A native of Deepstep, Ga., James Wright joined Penn State in 1949 to teach and conduct research on fish and corn genetics. Often with support from National Science Foundation grants, Wright made important and unexpected discoveries about differences in inheritance patterns between male and female trout. Of interest to fish breeding programs, his findings proved that the female trout is more evolved than the male, and that all salmonid fish species came from a common ancestor following only one major genetic change.
For his devotion to students and time-consuming work as the principal instructor in basic genetics for hundreds of Penn Staters, the College of Agricultural Sciences honored Wright with its 1960 Citation for Excellence in Teaching. At various times in his career, he served as president and vice president of the American Genetic Association, as a National Institutes of Health committee member, and as a consultant geneticist to the U.S. Fish and Wildlife Service and the Pennsylvania Fish Commission. He retired in 1983 and continued research on salmon, trout and char. The Wrights' three children are all Penn State graduates.
The University invests endowed gifts and uses part of the annual income for the purposes designated by the donors. The remaining income is returned to the principal to protect it from inflation.
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