You are here: Home / News Release Archives / 2013 / December / Babcock Trustee Scholarship to Bring New Opportunity to Deserving Students

Babcock Trustee Scholarship to Bring New Opportunity to Deserving Students

Penn State alumni Ed and Missy Babcock have committed $250,000 to the Smeal College of Business to establish a scholarship that aims to bring the opportunity of a more affordable Penn State education to deserving students.
December 18, 2013

Penn State alumni Ed and Missy Babcock have committed  $250,000 to the Smeal College of Business to establish a scholarship that aims to bring the opportunity of a more affordable Penn State education to deserving students.

Babcock, an instructor in accounting at Smeal, and his wife, Missy, say that within their own family, the Penn State legacy runs deep. They hope to extend that legacy to the recipients of the Babcock Family Trustee Scholarship.

“Missy and I are so thankful for the opportunity to partner with the Penn State Trustees to bring the opportunity of a more affordable Penn State education to many deserving students in the years ahead.”

“Missy and I are so thankful for the opportunity to partner with the Penn State Trustees to bring the opportunity of a more affordable Penn State education to many deserving students in the years ahead,” Ed said. “Teaching in the Accounting Department here at Smeal provides me with the unique opportunity of interacting and mentoring the very students this scholarship will positively impact.”

Before returning to the University in 2009 to teach, Ed worked in private industry, beginning his career at Deloitte. He now interacts with students on a daily basis, teaching Intermediate and Managerial Accounting, Auditing and Introductory Accounting in the Schreyer Honors College.

“As costs associated with obtaining a premium education continue to rise, Ed and Missy have stepped forward to help support the next generation of students pursue their dreams in spite of those costs,” said Charles H. Whiteman, the John and Becky Surma Dean of Smeal. “Their commitment to current and future students of Smeal will be felt for generations.”

Both Ed and Missy Babcock earned degrees in accounting from the Smeal College of Business, and all three of their children are pursuing Smeal degrees as well.

“This scholarship is particularly exciting because it further solidifies an aspect of our family legacy to the institution that has had such a tremendous impact on our family,” said Missy. “Our sons, David and Eric, both graduated with master’s degrees from Smeal, and our daughter Rachel, a sophomore here at Smeal, intends to graduate with a degree in marketing.”

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 10 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 double the endowment's annual spendable income, continues in perpetuity, tripling the support available for students with financial need.

The Babcock 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.

Recent News
Female and Minority Junior Partners More Effective in Building Business From Outside Firm 22 Apr

Female and minority junior partners in professional service firms may benefit from using different clientele-building strategies than their white male counterparts according to recent research co-authored by Forrest Briscoe of the Penn State Smeal College of Business. By encouraging and supporting these varying strategies, firms could increase both revenue and diversity among senior partners.

Annual Kohl's-Sponsored Case Competition Utilizes Students' Teamwork, Presentation Skills 22 Apr

More than 60 Penn State students—including teams from campuses at New Kensington, Greater Allegheny, Berks, Lehigh Valley, and Altoona—participated in the 2014 Smeal College of Business Case Competition, sponsored by Kohl’s Department Stores.

Smeal Students Invited to Register for April 24 PricewaterhouseCoopers Leadership Series 21 Apr

Penn State Smeal College of Business students are invited to register for “Aspire to Lead: The PwC Women's Leadership Series," PricewaterhouseCoopers’ first global forum on women and leadership, featuring U.S. Chairman and Senior Partner Bob Moritz. The event, which is free and open to Penn State students and faculty, will take place on Thursday, April 24, from 12:30-4:00 p.m. at the Nittany Lion Inn on Penn State’s University Park campus.

Baker Tilly Representatives Talk to Students About Transitioning to the Workplace 21 Apr

As many students prepare for summer internships or their first full-time job in their industries, Baker Tilly representatives Patrick Welteroth and Karri McClellan spoke to students in BA 297 Career Planning and Strategies about the transition from college to the workplace.

Smeal Students Encouraged to Investigate Hiring Companies' Core Values 21 Apr

Penn State Smeal College of Business Director of Honor and Integrity Jennifer Eury encourages students to use a vast array of resources to learn about a company’s culture and to find an organization whose values also align with their personal values, especially as they plan their careers.

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