Hucks Commit $1 Million For New Business Building
Hucks Commit $1 Million For New Business Building
UNIVERSITY PARK, PA (April 22, 2004) – An effort by the Smeal College of Business to raise funds for a new building on the University Park campus has received a million-dollar boost from Penn State alumni J. Lloyd and Dorothy Foehr Huck.
The Hucks have long been involved as volunteer leaders and extraordinarily generous donors to the University. Including their gift to the Smeal College, their total philanthropy to Penn State exceeds $20 million.
“Lloyd and Dottie’s support for the University is nothing short of astounding,” said Smeal Dean Judy Olian. “The Hucks’ willingness to give not only financially, but also of their time, especially through Lloyd’s long-time engagement with our Board of Visitors, is an inspiration to many other alumni who are admirers of their stature and values.”
The new business building, slated for completion in summer 2005, is situated at the eastern gateway to the University Park campus. The four-story, $68 million structure will increase academic space for the Smeal College by 35 percent and be the University’s largest academic facility. Designed by world-renowned Robert A.M. Stern Architects, it will contain more than 20 undergraduate and MBA classrooms, six research and teaching laboratories, 10 recruiter interview rooms, a café and auditorium, an atrium with event seating for up to 400, and numerous other distinctive features and amenities.
The building’s executive education suite will be named in honor of Lloyd and Dorothy Huck.
Lloyd Huck is retired chairman of the board of the pharmaceutical firm of Merck & Co. and has been a member of the Smeal College’s Board of Visitors for nearly 10 years. The board provides advice and counsel to the dean and senior administrators.
“I’ve had a long association with the business school, both as a volunteer and during my tenure at Merck,” he said. “Dottie and I wanted to be part of transforming business education at Penn State, and this new facility is vital to that process.”
Penn State’s Board of Trustees officially approved the project in March 2003, committing a total of $39 million through the University’s capital improvement funds. The Smeal College has raised $20.4 million of the $29 million needed to achieve the private fund-raising goal and complete the building. Lloyd Huck is a University Trustee Emeritus, having served on the board 1977-92, and as its chair, 1988-90. He led the drive in the 1980s to raise funds to build Wartik Laboratory and more recently served as member of the steering committee that led the Grand Destiny Campaign, which raised $1.37 billion for programs University-wide.
Dorothy Huck served in volunteer fund-raising leadership posts on behalf of the University Libraries and the College of Health and Human Development.
The Hucks, who reside in State College, are members of Penn State’s class of 1943. The University’s Huck Institute for Life Sciences is named in recognition of their leadership and generous support of the life sciences at the University.
REPORTERS & EDITORS: For more information, please contact Wyatt DuBois in the Smeal College of Business Media Relations Office at 814-863-3798 or wed112@psu.edu.
Penn State's Smeal College of Business offers highly ranked undergraduate, MBA, executive MBA, Ph.D., and executive education opportunities to more than 5,500 students at all levels. Featuring academic departments of accounting, finance, marketing, insurance and real estate, management, and supply chain and information systems, the college is also home to major research centers such as the Center for Supply Chain Research, the Institute for the Study of Business Markets, the Center for Digital Transformation, the Farrell Center for Corporate Innovation and Entrepreneurship, the Center for Global Business Studies, and the Center for the Management of Technological and Organizational Change.
