Message from the Director of Development and Alumni Relations Greetings Alumni and Friends: The past months have been an incredibly difficult time for Penn Staters everywhere, and we are all saddened and dismayed by the serious allegations of abuse. As Dean Monk states in his message (page 1), we are confident in the leadership of Dr. Erickson, and the College of Education is committed to helping make Penn State a better and stronger institution. I am profoundly grateful for the outpouring of support and encouragement from our alumni and friends. You represent what’s best about Penn State in your own communities every day, and we thank you for your leadership as we move through the crisis. We remain focused on our mission at the College of Education: the world-class education, research, and
Ribbon Cutting (continued from page 6) Construction for the 4,000-square-foot Krause Innovation Studio should be completed to officially open during the spring 2012 semester. Gay Krause, a former teacher and school administrator, received her bachelor’s degree in K–12 elementary and special education from Penn State. She is director of the Krause Center for Innovation at Foothill College in Los Altos Hills, Calif. Bill has been a Silicon Valley executive since the early 1970s. As president and CEO of 3Com, he guided the data networking company from a venture capital-funded start-up to a publically traded, multinational enterprise with assets in excess of $1 billion when he retired. He now is president of the private investment firm LWK Ventures. More information about the Krause Innovation Studio is available at www.ed.psu.edu/educ/innovation/ as well as at the Studio’s blog, innovation.ed.psu.edu/
service opportunities that are the hallmark of Penn State. I recently celebrated my one-year anniversary with the College, and, during that time, I have witnessed the myriad ways that we fulfill this important mission. The University has invested in our infrastructure, and we now have beautiful new classrooms in the Chambers Building. I’ve also enjoyed watching the transformation of the building’s second floor into the Krause Innovation Studio. In addition, plans for the renovation of the CEDAR Building are taking shape. The College faculty continues to excel in their disciplines, receiving accolades, and we retain our high position among colleges of education. Our alumni and graduates are in high demand, reshaping the field of teaching, and working across the country and the globe to advance the field of education. We are proud to have talented new and returning students walking our halls, and we continue to be deeply committed to their success.
Continuing this tradition of excellence would not be possible without your involvement, leadership, and support. Your generosity is a driving force behind the College, and we are so grateful for the collective impact of this support. Student need and debt are reaching record levels in the United States while government assistance declines. Your contribution removes these financial roadblocks to success and ensures opportunity for bright and talented individuals. I have read countless thank-you letters from scholarship recipients, full of gratitude and emotion about these life-changing gifts. We are halfway through the For the Future Campaign, and together we have made extraordinary progress to fortify the College. With your continued partnership, I know that we’ll achieve even more in the years to come. For the Glory, Michelle K. Houser
Endowments New Endowments (7/1/10-6/30/11)
Total Endowment Market Value as of June 30, 2011:
• Heather and Robert Fleck Endowment for the College of Education
$31,100,000
• Barbara and Barry Fry Scholarship in Education
Breakdown of Endowment Types: Scholarships . . . . . . . . . . . . . . 178 Graduate: 36 Undergrad: 103 (24 Trustee) Both: 39 Faculty . . . . . . . . . . . . . . . . . . . 10 Program . . . . . . . . . . . . . . . . . . 46 Total . . . . . . . . . . . . . . . . . . . 234
• SPSEA Leadership Award
• Gay and Bill Krause Fund for the Krause Innovation Studio • John W. and Nancy A. Moore Graduate Student Research Award • Harry J. Pappas and Jean Kissick Pappas Scholarship • John M. Shemick Graduate Fellowship in Workforce Education • Otto Endowment for the Higher Education Program
Penn State College of Education Annual Report
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