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Kurtz Family Establishes MBA Scholarship

Penn State alumnus David J. Kurtz and his wife, Jenifer A. Kurtz, have committed $50,000 to create the David and Jennifer Kurtz MBA Scholarship in the Smeal College of Business to help entice future business leaders to the MBA program.
January 9, 2013

Penn State alumnus David J. Kurtz and his wife, Jennifer A. Kurtz, have committed $50,000 to create the David and Jennifer Kurtz MBA Scholarship in the Smeal College of Business. The scholarship will help entice future business leaders to the MBA program.

“Jennifer and I are very pleased to create an endowed scholarship to help attract top students to the Smeal MBA program,” said Kurtz. “Based on recent conversations with Dean Whiteman, it was clear to me that additional scholarship funds would make a difference for the MBA program. We felt this was an ideal time to help Smeal specifically and Penn State more generally. We hope our gift will help Smeal maintain a top spot in the very competitive graduate business education market. I urge other Smeal MBAs to consider making similar gifts to further support the program that did so much for all of us.”

Mr. Kurtz, a 1992 graduate of the MBA program, is currently Managing Director, KMS Capital Group, LLC, a private equity investment vehicle and family office. He spent his early career in commercial lending, capital markets, and corporate finance with Continental Bank and U.S. Airways, later making the transition to entrepreneurial roles as a partner and product manager with FNX Limited, a start-up capital markets software company. He then started up and successfully sold Management Recruiters of Plymouth Meeting, a recruitment and staffing firm. Following his operational and ownership roles in growth companies, he is now an active angel investor in more than 20 information technology start-ups based in the Mid-Atlantic region.

"Dave and Jennifer are creating a scholarship that will help the college attract future business leaders to our MBA Program,” said Charles H. Whiteman, the John and Becky Surma Dean of Smeal. “I am grateful to them for making scholarship support for our MBA students a philanthropic priority.”

Mr. Kurtz earned a bachelor’s degree in economics from the University of Pennsylvania. He is a board member of the Kurtz Family Foundation and of the William Penn Charter School Alumni Society. Jennifer and David recently celebrated their 24th wedding anniversary, and they have three teenage children. They reside in the Philadelphia area.

The David and Jennifer Kurtz MBA 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.

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