Albright Receives $3.5 Million Bequest,
Largest in College History
Charles A. Rist ’51, from the 1951 yearbook Albright College received a $3.5 million
bequest from the estate of Berks County
native Ella E. Rist of Wyomissing, Pa. The
gift will endow the Charles A. Rist ’51 Family
Scholarship for Berks County students in
the top 10 percent of their class who wish to
pursue an education in business at Albright
College. The bequest is the largest bequest in
the College’s history.
Ella Rist, who died in 2006 at the age
of 82, was the widow of Charles A. Rist, an
Albright business major who graduated in 1951. In her will, she followed her husband’s
wish that Albright College receive their estate.
She had previously established the Charles A.
Rist ’51 Family Scholarship with a $25,000 gift
in 2002, and the bequest will now create an
endowment for the scholarship.
Ella Rist was employed as a secretary by
the Atlantic Richfield Company in Spring
Township and retired in 1970. She was a 1941
graduate of Reading High School.
Charles Rist, who died in 1994, was for 30 years the executive vice president and
general manager of the former Dolfin Corporation,
now Dolfin International in Sinking
Spring, Pa., manufacturer of swimsuits and
sportswear. Also a Reading High School
graduate, he retired in 1984. The couple had
no children.
Gilbert Mancuso of Brumbach, Mancuso
and Fegley PC, Ella Rist’s attorney, noted
that the Rists were dedicated to establishing
a meaningful and permanent benefit
for students from Berks County. The fund, administered by National Penn Investors
Trust Company in Wyomissing, fulfills that
commitment in perpetuity.
According to Gregory E. Eichhorn, vice
president for enrollment management, “the
scholarship will be a valuable new resource
to help make the College more accessible
and affordable to local students who plan
to study business. We hope this wonderful
gift will increase the number of Berks students
attending Albright.” Albright currently has 272 students from Berks County, including
65 first-year students who entered in
fall 2006.
The Rist bequest is the largest bequest
in the College’s history. In 1995, Albright
received a $3 million bequest from the
estate of Louise D. Hinnershots establishing
the Warren L. Davis Memorial Scholarship.
The largest gift in the College’s
history was the 2005 gift of $4.75 million
from Margaret Schumo and Cynthia Lynn
to build the Schumo Center for Fitness and
Well-Being. The Schumo Center, currently
under construction at 13th and Richmond
Streets, will be completed in June 2007.
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