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Key Supporters Come Through With Significant Gifts
LOWELL ߝ UMass Lowell reported today that they received more than a million dollars in gifts in December, including leadership gifts from three key supporters who took advantage of a state endowment incentive program to leverage the most from their commitments.
Gifts from David Pernick ’41, Donald LaTorre ’59 and Mark Saab ’81 will make a significant impact on science scholarships, several discretionary funds, an international engineering exchange program and equipment for laboratories.
A $350,000 gift from Pernick, chairman and CEO of Monarch Knitting Machinery Corp., will continue funding the Shenkar Plastics Engineering Exchange Program, which brings to campus doctoral students from Shenkar University in Israel and sends faculty to Shenkar for seminars and to look for opportunities to collaborate on research proposals. The gift will also establish a new exchange program with Shenkar.
The existing program has been so successful because of the high quality of students at both UML and Shenkar, says Pernick.The new Shenkar exchange that Pernick’s gift will fund will be focused on nanotechnology. Pernick says he hopes the new nanotechnology program will be as successful as the existing exchange program.
“New technology is the key to the future of science,” Pernick says. “The program has allowed Shenkar to reach the next level in excellence. Every one of their students has produced meaningful scholarship.”
Pernick’s gift will also support two discretionary endowment funds for the chancellor and the Plastics Engineering Department. With a matching grant from the state Public Higher Education Endowment Incentive Program (PHEEIP), each fund will total $75,000.
Donald LaTorre, the former CEO of Englehard Corp., added $240,000 to the LaTorre Family Scholarship Fund for students enrolled in the sciences, bringing that fund to more than $400,000. His gift also included another $120,000 to the Division of Sciences Dean’s Discretionary Endowment and $10,000 to the Division of Sciences Dean’s Discretionary Operating Fund, bringing his total commitment to $370,000.
Dean of Sciences Robert Tamarin says LaTorre’s gift will have a tremendous effect on science students at UML.
“Scholarships allow us to encourage and attract and keep first-rate students,” says Tamarin. Four students received LaTorre Family scholarships last spring, and the additional gift will make possible more and bigger awards in the future. “Don has been especially generous to the University, both with his resources and his time.”
Mark Saab ’81, president of Advanced Polymers Inc. in Salem, NH, donated a total of $212,000, including the PHEEIP match. His donation includes $150,000 to establish a new Saab Family Scholarship and $37,000 to add to his existing plastics engineering scholarship fund. Also included in the gift is an additional $25,000 in new lab equipment and materials for the Advanced Polymers Physics Properties Testing Lab in Ball Hall. Saab has given a total of $125,000 to create and support the lab.
UMass Lowell, a comprehensive university with a national reputation in science, engineering and technology, is committed to educating students for lifelong success in a diverse world and conducting research and outreach activities that sustain the economic, environmental and social health of the region. UML offers its 11,000 students more than 120 degree choices, internships, five-year combined bachelor’s to master’s programs and doctoral studies in the colleges of Arts and Sciences, Engineering and Management, the School of Health and Environment, and the Graduate School of Education. www.uml.edu.