Penn State alumnus Jeffery L. King and his wife, Cynthia, have made a $3 million gift that will benefit three academic units at Penn State. This gift will create new professorships in the Smeal College of Business and endowments to support programs in the University Libraries and the College of Education.
“This is a truly remarkable gift that will have an enormous and far-reaching impact on the quality of our programs,” said Penn State President Rodney A. Erickson. “Jeff and Cindy have been extremely generous to the University, and we are very fortunate to have them as part of the Penn State family.”
“My Penn State education, both scholastic and social, has been invaluable in the successes I have achieved over my lifetime,” said Jeffery King, who earned a bachelor’s degree in business from Penn State in 1967 and is co-founder of National Properties, Inc., a real-estate investment, property management and development business based in the Great Valley Corporate Park area of Malvern, Pa. “These benefits have extended to other family members privileged to have completed a Penn State degree.”
“My family and I are committed to continuing the tradition of giving back, started years ago by others who had the foresight to do so,” King added.
“Over the years, Jeff and Cindy have shown they really know how to make a positive difference through philanthropic partnerships with the University,” said Erickson. In 2003, the Kings made a $1 million gift toward the construction of the Business Building, which houses the Smeal College of Business. They have created graduate student and faculty fellowships in the Smeal College and have made major gifts to the Knowledge Commons in the University Libraries and the Penn State Hershey Children’s Hospital. The Kings also have a longstanding interest in what Penn State can do to improve K-12 education in the Commonwealth and beyond.