Monday, May 18, 2009

Penn State Live - Trustees approve merging Renaissance Fund

Penn State Live - Trustees approve merging Renaissance Fund: "University Park, Pa. — For nearly 40 years the Renaissance Fund, through private support, has provided scholarships to Penn State students who showed academic promise and had great financial need.

The University’s Board of Trustees Friday (May 15) approved a plan to merge the Renaissance Fund, created as a nonprofit entity in 1969, with Penn State.

Senior Vice President for Development and Alumni Relations Rodney P. Kirsch explained that the change was being made because a separate entity was no longer necessary from a legal or fiduciary standpoint."

No comments: