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October 19, 2010

Albright College Receives $5 Million Gift, the Largest in the College’s History

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Reading, Pa.- Albright College has received a $5 million gift through the John K. Roessner III Trust. This is the largest gift in the College’s history. This commitment includes a million dollar gift that Roessner made last summer to support the launching of intercollegiate lacrosse at Albright.  Roessner said that the balance of his historic commitment will be used to support strategic priorities established by the Board of Trustees to advance and strengthen the College.

John K. Roessner III of Bonita Springs, Fla., and West Harwich, Mass., an Albright College trustee and alumnus, is the president of EJB Real Estate Associates Ltd.  For nearly four decades he was the president and chair of E.J. Brooks Company, the world’s leading manufacturer of indicative and barrier security seals for electric utilities, transportation, government and healthcare.

In July, Roessner gave Albright College a $1 million gift through the John K. Roessner III Trust to provide the start-up costs of intercollegiate lacrosse for men and women at Albright.  At it’s recent meeting, the Board named a new multi-purpose playing field, “Roessner Field,” to honor his generous support.  

About the $5 million gift, Roessner said, “This gift commitment is an expression of my confidence in the College, its Board of Trustees, and its leadership. It represents my firm conviction that Albright is on the right track and that great things are in store for the College and its promising students.” 

Albright President Lex O. McMillan III said, “We are profoundly moved and deeply grateful for Jack Roessner’s breathtaking generosity, and for his confidence in and commitment to Albright College. This remarkable, historic gift allows the College the opportunity to look at its strategic agenda, present some of our top priorities to him, and apply the money where it will benefit our students the most.”

The College recently completed a campus master plan.  In consideration of the capital priorities identified through this process, the Board of Trustees is engaged in the early stages of planning the next comprehensive campaign.  The gift from Roessner represents the first significant contribution in support of the anticipated campaign.

The College’s previous largest gift was given in 2005. It was a $4.75 million gift from Margaret K. Schumo of Wyomissing, Pa., to establish the Schumo Center for Fitness and Well-Being.

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Founded in 1856, Albright College is a nationally ranked, private college with a rigorous liberal arts curriculum with an interdisciplinary focus. The College’s hallmarks are connecting fields of learning, collaborative teaching and learning, and a flexible curriculum that allows students to create an individualized education. Two-thirds of students graduate with dual/individualized majors in more than 200 different combinations. Albright enrolls about 1,660 undergraduates in traditional programs, another 500 adult students in accelerated degree programs, and 100 students in the master’s program in education. Albright College is located in Reading, Pennsylvania, about 60 miles west of Philadelphia.

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