March 25, 2015, volume 5, number 6
To the William Paterson University Community,
I am very pleased to announce that The Henry and Marilyn Taub Foundation has chosen to make a significant investment in the future of students at William Paterson University by pledging $1 million to establish the Henry Taub Scholars Program. This marks the largest single gift specifically for scholarships in University history.
This grant award will provide $250,000 a year for four years for scholarships covering tuition and fees for students with financial need, providing critical support for up to 50 students beginning with incoming freshmen in fall 2015. This is truly a transformative gift for our students, many of whom require financial assistance and rely on state and federal support, loans, savings, and full- or part-time jobs to pay for their education.
Scholarships are such an important means of meeting the financial needs of our students. During the past three years, our scholarship endowment has increased 58 percent, and our Division of Institutional Advancement, led by Vice President Pam Ferguson, is committed to seeking increased scholarship support through donations to the William Paterson University Foundation and the William Paterson University Alumni Association. Scholarships enable our students to reduce their working hours as well as their years in school, and allow them to focus on academics and become more involved in University life.
We are most grateful to the Taub Foundation and members of the Taub family for this very generous gift in support of our students and for their confidence in the quality of a William Paterson University education. The Taub Foundation, which was established by Henry Taub, founder of ADP, and his wife Marilyn, has been dedicated to strengthening the community, enhancing education, and supporting health research for more than four decades. A continuing focus of the Foundation is on local communities in Bergen and Passaic counties, in areas with the greatest needs, including Henry Taub’s hometown of Paterson. Henry Taub was the first in his family to attend college, as are many of our students. We are proud to partner with the Taub Foundation in the creation of the Henry Taub Scholars program in his name, as we continue our commitment to providing an outstanding and affordable education for our students.
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