You are here: Home / News Release Archives / 2012 / May / Simons Commit $50,000 to Establish Trustee Scholarship in Smeal

Simons Commit $50,000 to Establish Trustee Scholarship in Smeal

Penn State alumni William and Jeri Simon have established the Simon Family Trustee Scholarship in the Penn State Smeal College of Business. With gift-matching funds from the H.J. Heinz foundation, a nonprofit organization that supports charitable giving by all H.J. Heinz Co. employees, the endowment will be valued at $50,000, and its impact will be doubled with support from the University's Trustee Matching Scholarship Program.
May 21, 2012

Penn State alumni William and Jeri Simon have established the Simon Family Trustee Scholarship in the Penn State Smeal College of Business. With gift-matching funds from the H.J. Heinz foundation, a nonprofit organization that supports charitable giving by all H.J. Heinz Co. employees, the endowment will be valued at $50,000, and its impact will be doubled with support from the University's Trustee Matching Scholarship Program.

"I'm very grateful for Bill and Jeri's support of undergraduate business education at Penn State," said James B. Thomas, the John and Becky Surma Dean of Smeal. "Many of our students end up just shy of the threshold for receiving state and federal financial aid but still need financial assistance to attend college. The Simon Family Trustee Scholarship will help fill this void and aid generations of students who need just a little help to earn a degree."

William Simon is vice president, R&D operations, at H.J. Heinz Co. in Pittsburgh. His research and development responsibilities include driving all project management and optimization efforts as well as enabling new product development and global integration initiatives.

He has been with Heinz since earning his M.B.A. from Smeal in 1994. He also holds a bachelor's degree in marketing from Smeal, where he graduated in 1989. Simon is chair of the Smeal MBA Alumni Advisory Board and an ex-officio member of the Smeal Alumni Society Board.

Jeri Simon is a 1990 graduate of Smeal with a bachelor's degree in management. She is a history teacher at the Ellis School, an independent girls' school in Pittsburgh.

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 Simon 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
Smeal Names Four New Members to Its Board of Visitors 31 Oct

The Penn State Smeal College of Business has named four new members to its Board of Visitors. Joining the board are Jon Grosso, ’89, executive vice president and director of stores for Kohl’s Department Stores; Ron Morgan, ’93, co-founder of MorganFranklin Consulting; Stephen Reeves, ’81, executive vice president and chief financial officer of Enviva Holdings; and Salomon “Sal” Sredni, ’87, chief executive officer of TradeStation Group, Inc.

Deysher Named Alumni Fellow by Penn State Alumni Association 27 Oct

Bryon Deysher, a 1977 graduate of the Penn State Smeal College of Business, was one of 21 Penn State alumni recognized in early October as Alumni Fellow by the Penn State Alumni Association. Deysher is president and chief executive officer of Methods Machine Tools, Inc. and a member of the Smeal Board of Visitors.

Price-Fixing Whistleblower and FBI Informant To Deliver Shoemaker Lecture at Penn State 15 Oct

Mark Whitacre, the corporate whistleblower who revealed price fixing at Archer Daniels Midland (ADM) and spent more than eight years in federal prison for tax evasion and fraud, will deliver a lecture entitled “When Good Leaders Lose Their Way” from 6 to 7:15 p.m. on Nov. 6 in 100 Thomas Building on the Penn State University Park campus.

Penn State Executive Programs Receives Gold Award for Junior Achievement Partnership 14 Oct

For its work with Junior Achievement USA, Penn State Executive Programs has won Chief Learning Officer magazine's highest executive education partnership award. The 2014 Gold award for Excellence in Academic Partnerships recognizes academic institutions that have partnered in the past year with an organization to teach its employees about a key business issue.

Urban Outfitters, Inc. Chief Development Officer Discusses Leadership and Challenges, Opportunities in the Fashion Retail Industry 10 Oct

David Ziel, chief development officer of Urban Outfitters, Inc., spoke to a full audience in the Struthers Auditorium of the Business Building today, as part of the college’s Executive Insights series.

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