UNIVERSITY PARK, Pa. — The Mount Nittany Society gathered on April 5 to celebrate Penn State’s efforts to build a culture of philanthropy and increase private giving to the University. By crossing the $250,000 threshold in irrevocable commitments in the most recent annual cycle, 77 donor families qualified for membership, marking a significant leap forward in expanding the University’s community of high-level donors.
Penn State President Neeli Bendapudi was on hand at Innovation Park to recognize the generosity of the society’s members and to highlight the far-ranging impact of their giving.
“Thanks to their generosity, the members of the Mount Nittany Society are helping our students reach their highest potential, our faculty lead in their fields and our institution remain a beacon of excellence and service — and they are doing so during an exciting and ambitious chapter in our history,” Bendapudi said. “This year’s number of inductees reflects the deep and growing commitment to the Penn State community.”
Since its founding in 1977, members of the Mount Nittany Society, today numbering more than 1,700, have given nearly $3.3 billion to support every aspect of Penn State’s mission. Collectively, the society’s membership is responsible for the creation of more than 4,000 endowments and funds across the University to benefit Penn State students, faculty and programs.
In addition to welcoming new members at the $250,000 level, the Mount Nittany Society also honored those donors who have elevated their commitments to the University’s two highest recognition tiers. This year the Laurel Circle, which recognizes those individuals or couples who have given $1 million and above, welcomed 18 new inductees. The Elm Circle, honoring those donors who have given $5 million and above, celebrated 12 new inductees, setting a record for the highest number of annual inductees in the University’s history.