You are here: Home / News Release Archives / 2012 / December / Kleintop Family Commits $50,000 for Smeal Trustee Scholarship

Kleintop Family Commits $50,000 for Smeal Trustee Scholarship

Penn State alumnus Jeffrey N. Kleintop and his father, Jeffrey T. Kleintop, have established the Kleintop Family Trustee Scholarship in the Smeal College of Business with a gift of $50,000. By utilizing the University’s Trustee Matching Scholarship Program, this new fund will provide support equivalent to a $100,000 endowment for undergraduates with financial need.
December 18, 2012

Penn State alumnus Jeffrey N. Kleintop and his father, Jeffrey T. Kleintop, have established the Kleintop Family Trustee Scholarship in the Smeal College of Business with a gift of $50,000. By utilizing the University’s Trustee Matching Scholarship Program, this new fund will provide support equivalent to a $100,000 endowment for undergraduates with financial need.

“Penn State has long been part of our family tradition,” said Jeffrey N. Kleintop. “Now we are making giving a family tradition as well.”

Jeffrey N. Kleintop is a 1995 graduate of the Smeal MBA program. He is chief market strategist and executive vice president at LPL Financial. Cited by the Wall Street Journal as one of “Wall Street’s best and brightest” and known for his keen market insights, he is regularly quoted in national media outlets such as the New York Times and Money, and he is a frequent guest on CNBC, Bloomberg TV, PBS, and Fox Business News. He contributes articles to Forbes and TheStreet.com, and he is the author of the popular investment book Market Evolution: How to Profit in Today’s Changing Financial Markets. Kleintop won Smeal’s Emerging Professional Award in 2005, and he takes time annually to share insights with the student managers of the Nittany Lion Fund.

Jeffrey T. Kleintop earned an associate’s degree from the College of Engineering in 1966. He retired last year after developing and servicing healthcare diagnostic devices over a long career that began at Dupont and ended at Siemens.

“Jeff is a Smeal MBA graduate of whom we are extremely proud,” said Charles H. Whiteman, the John and Becky Surma Dean of Smeal. “His financial expertise is well established and his commentary is highly sought after in the national media. Despite his busy schedule, Jeff makes time to share his expertise with our students as well. This new scholarship represents yet another meaningful way for his family to support our undergraduates.”

The Trustee Matching Scholarship Program maximizes the impact of private giving while directing funds to students as quickly as possible, meeting the urgent need for scholarship support. In this groundbreaking philanthropic model, Penn State matches 5 percent of the total pledge or gift at the time a Trustee Scholarship is created, making funds available immediately for student awards. This University match, which is approximately equal to the endowment's annual spendable income, continues in perpetuity, doubling the support available for students with financial need.

The Kleintop Family Trustee Scholarship will help the Smeal College of Business to reach its goals in For the Future: The Campaign for Penn State Students. This University-wide effort is directed toward a shared vision of Penn State as the most comprehensive, student-centered research university in America. The University is engaging Penn State's alumni and friends as partners in achieving six key objectives: ensuring student access and opportunity, enhancing honors education, enriching the student experience, building faculty strength and capacity, fostering discovery and creativity, and sustaining the University's tradition of quality. The campaign's top priority is keeping a Penn State degree affordable for students and families. The For the Future campaign is the most ambitious effort of its kind in Penn State's history, with the goal of securing $2 billion by 2014.

For more information on the For the Future campaign, visit giveto.psu.edu.

Recent News
Supply Chain's Preciado Honored for Teaching Excellence 29 Jul

Felisa Preciado, clinical associate professor of supply chain management, has been named the 2014 recipient of the Penn State Smeal College of Business Fred Brand Jr. Award for Excellence in Undergraduate Teaching.

Summer Business Program for High Schoolers Facilitates Diverse Penn State Network 28 Jul

The Business Opportunities Summer Session (BOSS) Program, facilitated by the Penn State Smeal College of Business’ Diversity Enhancement Programs, connects underrepresented high school students with current Penn Staters and alumni to provide an inside look at the business majors and beyond. Currently in its eighth year, the program is helping to create a powerful network as it continues to share the value of a Smeal education with a diverse population.

Why Aren't Consumers Buying Remanufactured Products? 28 Jul

Firms looking to increase market share of remanufactured consumer products will have to overcome a big barrier to do so, according to a recent study from the Penn State Smeal College of Business. Findings from faculty members Meg Meloy and V. Daniel R. Guide, Jr., indicate that consumers perceive many categories of remanufactured products as dirty and disgusting.

Penn State President Emeritus Rodney Erickson Joins Smeal Executive MBA Students in Celebration 25 Jul Penn State President Emeritus Rodney Erickson Joins Smeal Executive MBA Students in Celebration

About 30 students celebrated their completion of the Penn State Smeal Executive MBA Program last month in a pre-commencement ceremony held at the Business Building on Penn State’s University Park campus, with former University president Rodney Erickson delivering the commencement speech.

Smeal's Multimedia Team Recognized for Providing Valuable Student Service 24 Jul

A group of Smeal College of Business staff members were recently recognized for their efforts to provide students with professional portraits for their LinkedIn profiles. The Penn State Information Technology Resource Responsibility award was granted to the Resource, Instruction, and Information Technology (RIIT) Group’s Multimedia Team.

More Recent News... More Recent News...