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WVU
Foundation Celebrates 50 Years
By Pam Fronko
and Chris Feaster
The West Virginia University Foundation,
Inc., is celebrating 50 years of service to West Virginia University.
Since its founding on December 3, 1954, when it was incorporated
as an independent nonprofit corporation, the organization has
provided incalculable assistance in support of the University's
mission.
Created
largely due to the efforts of Dr. Irvin Stewart, WVU's 13th president
(19461958), the WVU Foundation was established to help build
a better university. Dr. Stewart envisioned an organization that
would seek support for faculty, programs, services, equipment,
and facilities that the state might not be able to fund.
Dr. Stewart believed that part of WVU's
mission is to help all of the state's citizens"The
state university is a people's university. It belongs to the
people in a real sense. They can determine the direction and
rate of its growth by the way in which they grant or withhold
their support." This ideology has guided the Foundation
throughout its history.
In August 1959, Donovan H. Bond was named
director of development for both the Foundation and the University.
According to him, "The whole purpose of the Foundation was
to do everything possible for the University, its constituents,
and its parts."
The ability of the WVU Foundation to help
the University community has grown tremendously during its 50-year
existence. When incorporated, the Foundation's assets totaled
$29,799. Under Bond's direction, the Foundation conducted the
First Greater University Drive in 1965, which raised more than
$1 million. In 1990, Foundation assets reached the $100 million
mark, and by 1996 they doubled to $200 million. At the end of
fiscal year 20032004, total assets of the Foundation were
$673.5 million, with the endowment nearing $350 million.
In 1955 the Foundation established its
first two scholarships. Today, there are 1,006 scholarship endowment
funds worth $100.3 million. The Foundation disbursed a record
$41.5 million on behalf of the University during the past fiscal
year. In just the last ten years, the Foundation was able to
provide the University with a total of $283.7 million in direct
support. The Foundation has consistently surpassed its financial
goals while ensuring that 100 percent of any gift is available
for the donor's intended purpose.
While the Foundation's assets and endowments
have increased dramatically over the years, illustrating just
how much the University means to its alumni, faculty, staff,
and the citizens of West Virginia, the amount of non-state funding
necessary to keep a high-quality education within reach also
continues to increase.
On January 1, 1999, when F. Duke Perry
became president and chief executive officer of the WVU Foundation,
he pointed out the ongoing mission of the organization: "I
strongly believe in the benefits and value of education-that
we must provide the opportunity for West Virginia's young people
to attend college and make available to them the best education
possible. This requires significant private support. We must
do all that we can to generate that private support, and I take
the responsibility to do so very seriously."
A major milestone was reached on December
31, 2003, when the WVU Foundation concluded its historic Building
Greatness Campaign after having raised $336,238,381, more than
$86 million beyond the projected goal.
In addition to financial support, the WVU
Foundation helps the University in many other ways. In 1965,
the Foundation purchased the land where the University constructed
the Evansdale Residential Complex (Towers). Today, these four
residence halls house nearly 1,800 students. In 1998, the Foundation
donated its former Spruce Street office building, valued at $500,000,
to the University. The Foundation built One Waterfront Place,
a seven-story office building in Morgantown's Wharf District,
in 2001. The Foundation occupies the seventh floor and leases,
at cost, the bottom six floors to WVU. This arrangement allowed
the University to avoid reducing its bonding capacity for academic
facility needs.
Everyone involved with the WVU Foundation,
from individual donors to student workers, and from full-time
staff members to the 33 uncompensated members of its Board of
Directors, takes pride in doing everything possible to make WVU
a better place. F. Duke Perry proudly states that "The WVU
Foundation exists to provide for the welfare and development
of West Virginia University and its affiliated organizations
by securing, administering, investing, and disbursing private
funds in support of academic programs, student scholarships,
faculty development, public service initiatives, and other priorities."
After
50 years, the WVU Foundation still holds true to the beliefs
that have led to its success. Within the ever-changing face of
the University and the city of Morgantown, the WVU Foundation
remains the solid "foundation" for the future of West
Virginia University. The WVU Foundation will continue to provide
support for the growth and development of WVU well beyond the
next 50 years.
Alumni Couple
Establishes WVU's
First University Professorship
By Pam Fronko
A WVU alumni couple, Russell and Ruth Bolton,
have made a commitment to the WVU Foundation that will establish
WVU's first University Professorship.
"University professorships
are endowed faculty positions intended for scholars distinguished
by their ability to transcend disciplines and whose interests
and activities enrich the academic community on a university-wide
basis," said WVU Provost Gerald Lang. "The Bolton WVU
Professorship will encourage interdisciplinary intellectual growth
at the University. It is very gratifying to know that West Virginia
University has loyal alumni such as the Boltons who recognize
the importance of private support to the future of the University."
Russell Bolton earned a JD in 1949, while Ruth received a BA
in speech in 1943. A native of Morgantown, he is the retired
general counsel of Dart Industries, Inc., and associate general
counsel with Dart & Kraft, Inc. She hails from Clarksburg,
West Virginia, and was the secretary to WVU's 13th President,
Dr. Irvin Stewart.
"Over the years we've contributed to the University, and
when we were approached about the idea of making a gift to establish
the first University Professorship, we were very pleased with
the idea, pleased to be asked, and pleased to be able to help,"
said the Boltons.
The couple's gift is currently yielding lifetime income to them
and has provided tax benefits as well. At their deaths, the remaining
funds will create an endowment that will provide annual income
for the professorship.
Former
Secretary Remembers Dr. Irvin Stewart
Dr. Irvin Stewart, WVU's 13th president, laid the groundwork
for establishment of the West Virginia University Foundation
50 years ago.
What kind of a leader was Dr. Stewart? Ruth Bolton, who served
as his secretary, said he was a man of vision, fairness, and
integrity who also had a great sense of humor.
"President Stewart kept open communications with the students,"
she recalled. "He invited student government to participate
in meetings with the administration and he wanted to hear what
they had to say. He planted the seeds for some things that are
being done today."
She added that Dr. Stewart also worked to build and solidify
the town and gown relationship. He and his wife, Florence, were
very involved in the community. He was a truly well-rounded,
educated man-not just educationally-but spiritually. She added
that "He was a wonderful man. It was a wonderful experience
for me as a young person."
Bolton, a native of Clarksburg, West Virginia, received a bachelor's
degree in speech in 1943. She and her husband, Russell, reside
in Palm Desert, California, and maintain a summer home in Kingwood,
West Virginia. The couple, longtime supporters of the University,
recently created the BoltonWVU Professorship. |
Keck Foundation
Awards $500,000 to WVU
By Jane Donovan
and Pam Fronko
The W.M. Keck Foundation has awarded WVU's
Eberly College of Arts and Sciences $500,000 for the study of
spatiotemporal dynamics and complex chemical systems. The grant,
made through the WVU Foundation, is the first from the prestigious
Keck Foundation to the University.
This grant will
fund research being conducted in the C. Eugene Bennett Department
of Chemistry by Dr. Kenneth Showalter, the Bennett chair and
professor of chemistry. His research program is one of the world's
leading efforts in design and control of dynamical behavior in
chemical systems. He is also regarded as one of the nation's
leaders in nonlinear dynamics.
"We are grateful to the W.M. Keck Foundation for financial
support of this research," Showalter stated. "The Foundation's
generous support for cutting-edge research will permanently enhance
WVU's research mission. This grant will position the Nonlinear
Chemical Dynamics Program at the University as one of the world's
pioneering research groups in this new and exciting areaexploring
the boundary between living and nonliving entities."
Showalter's three-year research initiative will provide new insights
into collective behavior in nonliving systems akin to that found
in living systems. The research team supported through the grant
consists of two undergraduate students, two graduate students,
and a research assistant professor.
The research concerns higher-level spatiotemporal dynamicshow
chemical entities interact with their environment and with one
another. Building upon their expertise in the study of the spatiotemporal
behavior of chemical systems, Showalter's team will develop and
characterize particle-like waves that autonomously navigate and
traverse obstacle-filled landscapes. They will investigate swarming
behavior of collections of waves arising from the communication
occurring among the individual waves via fixed and dynamic potentials.
"This award is truly an extraordinary recognition of the
fine research being done in the C. Eugene Bennett Department
of Chemistry and the Eberly College of Arts and Sciences,"
said Interim Dean Rudolph Almasy. "This is an exciting development
that will affect faculty and students."
The research accomplishments of Showalter's team, such as the
first control of chemical chaos and demonstrating the beneficial
role of noise in propagating-wave signal transmission, have been
reported in more than 100 scientific papers, including four articles
in Nature and three articles in Science. Their study on controlling
waves graced the cover of the June 14, 2002, issue of Science.
The W.M. Keck Foundation was established in 1954 by William Myron
Keck (18801964), the self-educated son of a Pennsylvania
oil worker who in 1921 founded the Superior Oil Company. The
foundation funds undertakings that have the potential to benefit
human quality of life, with primary focus on science, engineering,
and medical research.
Puskar Endows
Deanship
By Pam Fronko
Through the continuing generosity of Morgantown
philanthropist Milan "Mike" Puskar, WVU's College of
Business and Economics has established an endowed deanship.
The $1.5 million endowment is part of the $20 million personal
commitment Puskar made last November in support of athletics
and academics at the University.
"I have been committed to
the future of the College of Business and Economics for quite
some time. In 1995 our company helped to fund the college's interactive
Mylan Distance Learning Center," said Puskar, founder and
chairman of Mylan Laboratories, Inc., one of the premier manufacturers
of prescription generic drugs in the world.
"Over the years, the college has made great strides, in
part thanks to private support, which is essential for both the
college and University to advance their level of excellence.
My hope is that this endowment will aid the college in continuing
that success."
The Milan Puskar Deanship in the College of Business and Economics
will provide supplemental salary for the dean as well as funds
to help address the most pressing needs of the college.
"We are indebted to Mr. Puskar for his generosity. This
endowment will assist the University to recruit a dean of the
highest caliber who can guide the college into the future,"
said Provost Gerald Lang. "It is the cornerstone of ensuring
success in the College of Business and Economics and making B&E
one of the strongest colleges at West Virginia University."
The deanship endowment is a portion of the $5.5 million Puskar
provided for academic needs. The designation for the remaining
academic funds will be announced at a later date. The $14.5 million
dedicated for the department of intercollegiate athletics consisted
of $12 million for the Milan Puskar Athletic Scholarship Endowment
and $2.5 million for needed facility enhancements. The $20 million
five-year pledge is the largest contribution ever made to the
WVU Foundation on behalf of the University and in support of
WVU athletics. In honor of his philanthropy, WVU's football stadium
was named Milan Puskar Stadium, home of Mountaineer Field.
WVU Officials
Dedicate Center Established by Faculty Gift
By Jim Davis
WVU's School of Physical Education joined global efforts
to promote healthy minds and bodies with the dedication of the
International Center for Performance Excellence (ICPE). Housed
in the WVU Coliseum, the center emphasizes the importance of
physical activity to overall well-being through cultural exchange
programs and shared research.
The center was created with a $605,000 gift from the directors
of Fitness Information Technology Inc. (FIT); Andrew Ostrow,
a professor in the School of Physical Education; and William
Alsop, an associate professor emeritus.
"The mission
of the International Center for Performance Excellence is to
promote, on a global basis, an awareness of the values of engaging
in sport and health-related physical activity to enhance the
quality of life," said Ostrow, FIT's president and CEO and
a 32-year WVU faculty member.
"The center was established in honor of my father, Philip
Ostrow, who taught me the meaning of excellence and who shared
with me his love for travel and his passion for meeting people
of different cultures," he added. The elder Ostrow was a
longtime New York City educator.
The assets of FIT, a successful publishing company, were donated
to the WVU Foundation to capitalize the new center, Ostrow said.
The gift was the largest contribution by WVU faculty during the
Building Greatness Campaign, which raised more than $336 million.
"We hope a gift of this magnitude will help accelerate the
level of gift-giving by other faculty," Alsop said. Dean
Dana Brooks said the center will become the focal point relative
to internationalizing the School of Physical Education's various
academic programs. "The center, under Dr. Ostrow's leadership,
will be responsible for working with the school's faculty and
students to write and submit grants supporting faculty and student
international exchange programs," Brooks said.
He added that efforts will be initiated to engage in collaborative
international research projects. ICPE will continue to market
and publish books about sport studies and sport management. The
center will provide graduate assistant positions and will host
national and international conferences.
Ostrow is coordinator of WVU's Sport and Exercise Psychology
Program. He has authored several textbooks and numerous research
publications and presentations in sport and exercise psychology
during his tenure at WVU.
Alsop held several positions in the School of Physical Education,
including graduate coordinator, department chair for sport and
exercise studies, division chair for physical education and sport
studies, and program coordinator for sport management, a program
he founded in 1980. He has made more than 50 professional presentations,
authored several articles, and recently edited the Directory
of Academic Programs in Sport Management.
Giving is
Rewarding
By Deborah
Miller
"GIVING
to a cause that has personal meaning is one of the most rewarding
experiences in life," says Pat Simms '66 of his choice to
support West Virginia University.
A Camden-on-Gauley, West Virginia, native, Simms' career as a
chemical engineer has taken him to various places around the
nation. He currently is senior vice president of process development
and operations for Diversa Corporation in San Diego, California.
Diversa develops products for agricultural, chemical processing,
industrial, and pharmaceutical applications worldwide.
"Especially in terms of financial giving, I think it's not
so much the amount that matters, but that the gift represents
a meaningful contribution of the individual's available resources.
WVU, and for me personally, the Department of Chemical Engineering,
are very worthwhile things to support," says Simms, who
has three grown children and a granddaughter.
To supplement his annual support, Simms has included a gift provision
in his will to benefit the Department of Chemical Engineering
in the future. "Giving something today so that I can enjoy
seeing its fruits and giving something later through my will
for future generations are very satisfying choices," he
adds.
Simms, who was named to the Academy of Chemical Engineers in
2002, is especially positive about recent efforts to modernize
the Galli Laboratory, the core operations lab in the department.
He credits Dean Gene Cilento of the College of Engineering and
Mineral Resources for his leadership in accomplishing the much-needed
renovations.
"Helping to make this project happen for the students and
for the department has been a very gratifying experience,"
Simms says.
Making a gift through a will or other estate planning gift arrangement
can increase the impact of a person's current support of WVU.
Pat Simms is a great example of how this type of gift can help
both the donor and the recipient.
Spring 2005 Contents
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