Making gifts ranging from several hundred dollars to the maximum $100,000, Penn State donors are taking advantage of benefits afforded by the recently passed Pension Protection Act of 2006. The act allows donors to make tax-free withdrawals from a traditional or Roth Individual Retirement Account (IRA) directly to a qualified charity. Distribution amounts are not included in the donor's gross income and do not factor into any charitable deduction that otherwise would apply to the donor, but will count toward the donor's minimum required distribution. Penn State alumnus Hal Marcus, who with his wife, Inge Marcus, have been benefactors of the College of Engineering, urged other donors to consider the opportunities presented by the Pension Protection Act in making their gifts. "This new legislation has given us one more creative way to give, and we encourage others who may be eligible to use their IRA fund to support Penn State in this way."
Making gifts ranging from several hundred dollars to the maximum $100,000, Penn State donors are taking advantage of benefits afforded by the recently passed Pension Protection Act of 2006. The act allows donors to make tax-free withdrawals from a traditional or Roth Individual Retirement Account (IRA) directly to a qualified charity. Distribution amounts are not included in the donor's gross income and do not factor into any charitable deduction that otherwise would apply to the donor, but will count toward the donor's minimum required distribution. Penn State alumnus Hal Marcus, who with his wife, Inge Marcus, have been benefactors of the College of Engineering, urged other donors to consider the opportunities presented by the Pension Protection Act in making their gifts. "This new legislation has given us one more creative way to give, and we encourage others who may be eligible to use their IRA fund to support Penn State in this way."
Every year as fans clamor to get tickets to big football games, unscrupulous entrepreneurs crop up to take advantage of those who are willing to spend more than face value to see their favorite teams play. The danger for the fans goes beyond shelling out big bucks, though. In recent years, it has become increasingly common for scalpers to sell counterfeit tickets. With No. 4 Michigan set to visit Penn State in a highly touted Big Ten matchup this weekend, Tom Sowerby, University Police supervisor, is concerned that fans will encounter problems with counterfeit tickets once again. "I think it is very likely that we will see counterfeit tickets for this game, especially since the ring leader of a group that was arrested for selling counterfeit tickets for Penn State's game at Notre Dame a few weeks ago was arrested here for the same offense in 1997," he said.
Every year as fans clamor to get tickets to big football games, unscrupulous entrepreneurs crop up to take advantage of those who are willing to spend more than face value to see their favorite teams play. The danger for the fans goes beyond shelling out big bucks, though. In recent years, it has become increasingly common for scalpers to sell counterfeit tickets. With No. 4 Michigan set to visit Penn State in a highly touted Big Ten matchup this weekend, Tom Sowerby, University Police supervisor, is concerned that fans will encounter problems with counterfeit tickets once again. "I think it is very likely that we will see counterfeit tickets for this game, especially since the ring leader of a group that was arrested for selling counterfeit tickets for Penn State's game at Notre Dame a few weeks ago was arrested here for the same offense in 1997," he said.
Penn State always does well in the rankings that are designed to help parents and students sift through the thousands of colleges and universities in this country to decide which will help them spend their money wisely. Once again this year, Penn State also has been recognized for the job it does in preparing its students to benefit the nation. Up three spots from last year, Penn State now is ranked No. 3 in the nation behind only Massachusetts Institute of Technology (first) and University of California, Berkeley (second) by Washington Monthly, a political, inside-the-beltway publication. The magazine ranks institutions as engines of social mobility; as producers of academic minds and scientific research that advance knowledge and drive economic growth; and as forces to inculcate and encourage an ethic of service.
Penn State always does well in the rankings that are designed to help parents and students sift through the thousands of colleges and universities in this country to decide which will help them spend their money wisely. Once again this year, Penn State also has been recognized for the job it does in preparing its students to benefit the nation. Up three spots from last year, Penn State now is ranked No. 3 in the nation behind only Massachusetts Institute of Technology (first) and University of California, Berkeley (second) by Washington Monthly, a political, inside-the-beltway publication. The magazine ranks institutions as engines of social mobility; as producers of academic minds and scientific research that advance knowledge and drive economic growth; and as forces to inculcate and encourage an ethic of service.
Penn State's Board of Trustees met on Friday, May 12, on Penn State's University Park campus. Items presented to the board included President Spanier's opening remarks; information about the popularity of Penn State recreation programs, indicating how highly students value these types of activities as part of their collegiate experiences; a description of the University's comprehensive influenza pandemic plan; an outline of interdisciplinary research and education programs; and a review of Faculty Senate efforts in 2005-06.
Penn State's Board of Trustees met on Friday, May 12, on Penn State's University Park campus. Items presented to the board included President Spanier's opening remarks; information about the popularity of Penn State recreation programs, indicating how highly students value these types of activities as part of their collegiate experiences; a description of the University's comprehensive influenza pandemic plan; an outline of interdisciplinary research and education programs; and a review of Faculty Senate efforts in 2005-06.
The Penn State Commission for Women celebrated the accomplishments of women throughout the University's history, and honored some of the University's notable achieving women at its annual spring banquet, held Monday, April 3, at The Penn Stater Conference Center Hotel on the University Park campus. Penn State President Graham B. Spanier commended the commission for its work over the years. "Twenty-five years ago, those path-breaking women could not have known where their work would lead. They were simply trying to find their voice, and change minds and attitudes. But their work, and yours subsequently, has forever altered the face of our University," he said. In addition to honoring the 2006 Achieving Women Award winners and the Rosemary Schraer Mentor Award recipient, the commission recalled the women of Penn State's past through a program titled "A Legacy of Women's Voices," which was produced and directed by Jo Dumas, lecturer in communications, and performed by Helen Manfull, professor emeritus of theatre arts; graduate student Crystal Endsley; and Sherrin McKenzie, group and program sales coordinator with the Center for Performing Arts at Penn State. The Essence of Joy choir provided music for the program, which featured highlights from the commemorative book, "We are a Strong, Articulate Voice: A History of Women at Penn State," written by Carol Sonenklar. For photos from the event, visit http://live.psu.edu/still_life/2006_04_03_cfw/index.html online.
Read the full story at http://live.psu.edu/story/17088
The Penn State Commission for Women celebrated the accomplishments of women throughout the University's history, and honored some of the University's notable achieving women at its annual spring banquet, held Monday, April 3, at The Penn Stater Conference Center Hotel on the University Park campus. Penn State President Graham B. Spanier commended the commission for its work over the years. "Twenty-five years ago, those path-breaking women could not have known where their work would lead. They were simply trying to find their voice, and change minds and attitudes. But their work, and yours subsequently, has forever altered the face of our University," he said. In addition to honoring the 2006 Achieving Women Award winners and the Rosemary Schraer Mentor Award recipient, the commission recalled the women of Penn State's past through a program titled "A Legacy of Women's Voices," which was produced and directed by Jo Dumas, lecturer in communications, and performed by Helen Manfull, professor emeritus of theatre arts; graduate student Crystal Endsley; and Sherrin McKenzie, group and program sales coordinator with the Center for Performing Arts at Penn State. The Essence of Joy choir provided music for the program, which featured highlights from the commemorative book, "We are a Strong, Articulate Voice: A History of Women at Penn State," written by Carol Sonenklar. For photos from the event, visit http://live.psu.edu/still_life/2006_04_03_cfw/index.html online.
Read the full story at http://live.psu.edu/story/17088