KSU Foundation honors trustees at 40th anniversary celebration
Click the link to view a photo gallery of the event
(Oct 26, 2009) — Click the link to view a photo gallery of the event
Awards given out to honor outstanding service to foundation
KENNESAW, Ga. (Oct. 26, 2009) — The Kennesaw State University Foundation celebrated its 40th anniversary with a
dinner Saturday, Oct. 24, to salute the contributions by the Foundation to the university’s
progress and expansion, and to honor former and current members of the KSU Foundation
Board of Trustees.
The foundation, which has existed for the past 40 of the university’s 46 years, has
been instrumental in Kennesaw State’s remarkable growth through scholarships, monetary
support, real-estate acquisitions and construction. Over the past 10 years, the foundation
has raised half a billion dollars to build or acquire infrastructure for KSU –– everything
from residence halls and parking decks to the newly opened, state-of-the-art, $20
million dining hall in the heart of campus.
“I applaud the generous support and superb leadership the Kennesaw State University
Foundation has provided the university,” said KSU President Daniel S. Papp. “Since
1969, the foundation has helped move the university forward. We salute and thank each
and every Foundation member – both past and present – who have given of their time,
their talents and their treasure to make Kennesaw State the thriving university that
it is today.”
In the last year alone, the KSU Foundation acquired almost 90 acres of land east of
Interstate 75, some of which has already been developed into fields and facilities
for intramural and club sports. The campus now spans 320 acres.
“The growth that this university has experienced both in national reputation and physical
infrastructure is a true testament of what can be accomplished when you combine a
dedicated group of business leaders with an administration who shares a vision for
excellence,” said KSU Foundation Chairman Norman Radow. “As we work to make Kennesaw
State University one of the best in the country, we are proud to celebrate tonight’s
honorees who embody the passion and commitment we all share.”
The 40th Anniversary dinner, held at the Renaissance Waverly Hotel in Atlanta, Ga., was attended by more than 200 people, including a founding member of the board of
trustees, trustee emeriti and active trustee members. The following four awards also
were presented by KSU President Papp and Foundation Chair Radow to recognize the contributions
of several KSU Foundation members:
The 2009 Horace W. Sturgis Award
J. Larry Stevens, (retired) senior partner, PricewaterhouseCoopers
The 2009 Clarice C. Bagwell Medal for Distinguished Service
Hollister A. Hill, partner, Troutman Sanders, LLP
The 2009 Erwin Zaban Prize for Entrepreneurial Spirit
Jo Ann Chitty, senior vice president, development, acquisitions, and finance, Selig Enterprises, Inc.
The 2009 Chairman's Award
M. Bobbie Bailey, president, Bailey Design Company
The KSU Foundation was founded by 23 businessmen from five Georgia counties in 1969,
just six years after Kennesaw Junior College opened its doors. Horace W. Sturgis,
the institution’s first president, hailed the occasion as “one of the most significant
events in the development of our college,” and pointed out that the foundation “will
give the additional support needed for the continued growth of the college.” A fundraising
committee was appointed right away.
The foundation’s first real estate acquisition was made in 1999, when it purchased
the old Outlet Limited Mall to house the university’s Continuing Education facilities.
That property became known as the KSU Center. The foundation now has $350 million
in assets under management –– including several student housing properties, the dining
hall and an office building that was acquired earlier this year.
The KSU Foundation’s commitment also extends to supporting the university’s academic
affairs. Foundation funding directly supports the largest faculty recognition program
among University System of Georgia institutions. In August, the foundation awarded
more than $193,000 in cash and stipends to Kennesaw State faculty, including the prestigious
Distinguished Professor Award, KSU’s top faculty recognition. Over the past 10 years,
the foundation has contributed more than $27 million in direct support to KSU.
In 2007, the foundation launched KSU’s first comprehensive capital campaign, with
the goal of raising $75 million over five years to benefit academic programs, facilities,
scholarships, faculty and staff development and athletics. More than half has been
# # #
Kennesaw State University is the third-largest university in Georgia, offering more
than 70 graduate and undergraduate degrees, including new doctorates in education,
business and nursing. A member of the 35-unit University System of Georgia, Kennesaw
State is a comprehensive, residential institution with a growing student population
of more than 22,300 from 142 countries.
A leader in innovative teaching and learning, Kennesaw State University offers more than 150 undergraduate, graduate and doctoral degrees to its approximately 41,000 students. With 11 colleges on two metro Atlanta campuses, Kennesaw State is a member of the University System of Georgia and the third-largest university in the state. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the region and from 92 countries across the globe. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 6 percent of U.S. colleges and universities with an R1 or R2 status, and one of the 50 largest public institutions in the country. For more information, visit kennesaw.edu.