A FUTURE WITH GREAT PROMISE - Pace University€¦ · to reinvest the remainder for future growth....

A FUTURE WITH GREAT PROMISE Edward J. Mortola Heritage Society 2019 Annual Report

Pace19 Mortola Report.indd 1 12/16/19 1:06 PM

2 | Mortola Soceity 2019 Annual Report

WECLOME

Dear Friends,

As I enter my third year as president of Pace University, I reflect with pride and gratitude on all that this extraordinary institution has accomplished since my arrival in 2017, and I look forward with excitement to a future of growing promise and continued success.

The chief privilege of my role as president is the opportunity I have to forge relationships with a broad range of Pace community members. From undergraduates to PhD candidates, staff members to tenured faculty, prospective enrollees to dedicated alumni, Pace is filled with people of surpassing talent, wisdom, and compassion. I get to meet and interact with all of them, and help them engage more deeply with the University.

One thing I’m continually impressed by is the commitment throughout the Pace family to our University’s proud mission of Opportunitas. It’s a fundamental principle for all of us, a mantra that defines our unique approach to education. The Pace community is united in its dedication to creating opportunities for our hardworking, ambitious students.

Since I came to Pace, I’ve come to appreciate how thoroughly the idea of Opportunitas informs everything we do. We’re committed to opportunities for students to grow as people, grow as professionals, and grow as global citizens. And our significant efforts to help our students succeed are working—as you may have heard, Pace is ranked number one among private, non-profit, four-year colleges for driving upward economic mobility.

The support we are able to provide to our students is fueled in large part by the generous alumni and friends whose love for Pace inspires them to give back. Members of the Edward J. Mortola Heritage Society have played an especially pivotal role in Pace’s continued rise. Their unyielding spirit of philanthropy and remarkable dedication to building a better future has changed the lives of countless students and reinforced the bonds of our community.

By including Pace in their estate plans through a will, living trust, annuity, or other planned gift, the benefactors in the Mortola Society are ensuring that Pace will continue to fulfill its mission of Opportunitas for years to come.

As the university finalizes its next strategic plan and charts a new course for the future, I have no doubt that the incredible generosity of Mortola Society members will continue to be a powerful force for student advancement, and I look forward to welcoming new members into this esteemed company of Pace benefactors. Working together, we will continue our unrelenting pursuit to fulfill our mission of Opportunitas.

Sincerely,

Marvin Krislov

The Edward J. Mortola Heritage Society was founded in 1992 to honor the generous individuals who show their confidence in Pace's future by including the University in their estate and gift plans. Their bequests, trusts, annuities, and other planned gifts have far-reaching effects, and donors have the satisfaction of providing meaningful support that lasts beyond a lifetime. We invite you to join these alumni, faculty, staff, parents and friends and become a member of the Mortola Heritage Society.

The Edward J. Mortola Heritage Society was named in honor of Edward J. Mortola,

PhD, Chancellor Emeritus, who served as a beloved member of the Pace community for more than 40 years, including 25 years as President.


Mortola Soceity 2019 Annual Report | 3

ENDOWMENT REPORT

BUILDING A BETTER FUTUREBy investing in Pace University, you ensure our financial stability. Endowment funds provide our world-class faculty and students the resources they need to become the next generation of leading professionals. From scholarships to research support, your gift to Pace’s endowment offers the university the opportunity to build upon our rich tradition of academic excellence.

An endowed gift is unique in that only a portion of the earnings generated is spent each year, allowing the university to reinvest the remainder for future growth.

Pace’s long-term investment goal is to approximately return 5% plus inflation as measured by CPI. The 3-year, 5-year, and 10-year total return on investments (ROI) for the Pace portfolio as of June 30, 2019 was 12.3%, 6.8%, and 9.6% respectively. For those same time periods the 5% plus inflation rate was 7.1%, 6.5%, and 6.7% respectively.

As a further measure of performance, Pace compares it’s portfolio’s returns to the mean returns of approximately 140 college and university endowments as reported by Cambridge Associates. The mean return for the three periods referenced above was 8.4%, 5.3%, and 9.3% respectively.

PERIOD ENDING VALUE RATE OF RETURN

2019 Fiscal Year $ 193,048,642 9.30%

2018 Fiscal Year $ 181,853,820 10.50%

2017 Fiscal Year $ 169,879,802 16.00%

2016 Fiscal Year $ 152,185,527 -4.30%

2015 Fiscal Year $ 156,655,202 2.10%

FISCAL YEAR 2019 ASSET ALLOCATION

STRATEGY

Public Equities | 65.5% Fixed Income & Cash | 14.7% Private Investments | 13.9% Long/Short | 5.9%

ENDOWMENT VALUE BY SCHOOL

Lubin School of | 25.3% Business Office of the Provost | 20.4% Dyson College of Arts | 27.1% & Sciences Seidenberg School | 9.3% of CSIS Haub School of Law | 13.7% College of Health | 3.3% Professionals School of Education | 0.9%



RECENT INDUCTEE

I selected Pace, where I was an undergraduate, for my scholar-ship fund. What distinguishes Pace for me is its high national ranking for the upward economic mobility of its graduates.

Pace is among the universities with the highest number of first-generation graduates — and I am the first person in my family to graduate from college. We were a middle-income family and my parents paid for my schooling. George and Grace Mackay are my late parents, after whom I named my Pace scholarship fund.

Supporting students’ choice of science

So many students — and especially women — do not pursue the sciences. Despite the fact that science is not my own natural tendency, I respect its importance and that’s why I decided to offer an opportunity to students who want to choose scientific studies. My thought was this: If students are motivated and qualified but they can’t afford their education, maybe I can help.

Granting a scholarship gave me joy. I selected the initial criteria for awarding the scholarship, but Pace fielded the candidates and found the beneficiary. It’s smarter and more convenient for the donor, and avoids any potential conflicts of interest.

I was so pleased to receive an email from a student who had received support from my scholarship fund. He was teaching at Hunter College, and had been accepted to the Ph.D. engineer-ing program at Princeton. And he is on full scholarship — in a program with a two percent acceptance rate. I had met him at Pace scholarship dinners, the annual event bringing alumni scholarship donors together with their student recipients, and

later we met for a meal near Princeton because I wanted to congratulate him in person. His email made me so happy.

The Pace scholarship dinners are gratifying because your gift is more meaningful to you as a donor when you can meet the student who is benefiting from your generosity. You can connect someone’s face and their name to what you’ve given. I think it’s meaningful for the student too, to be able to meet the source of their scholarship funding.

A great outlook on life

Pace approached me about possibly setting up a scholarship fund as way to support the university. It was an interesting idea that would have real impact in someone’s life, and over time I realized what a worthwhile thing it would be for me to do. I liked the idea of having something continue on beyond myself — an educational legacy for my own life.

Pace’s reputation in upward mobility is one of the reasons I am most proud of my involvement. Pace is doing a very good job with the liberal arts and also with internships — in other words, general problem-solving combined with practical expe-rience — and that produces a great package in a new graduate. If your parents didn’t go to college, how can you know what you’re supposed to do to attend? Given that they comprise a population that is eager to learn but may not have a col-lege-oriented background, Pace students prove that they have the will to do well.

It sets you up to have a positive outlook on life when some-body who doesn’t know you is willing to help you do well. One of the most important things anyone can have is an education, because nobody can take that away from you. Facilitating edu-cation is probably the best thing you can do for somebody.

Liz Mackay earned her BA at Pace and her JD from Colum-bia Law School and has been an active member of the Dyson Advisory Board since 2013. She currently is the Assistant Director, Legal at NJ Dept. of Community Affairs.

THE WILL TO DO WELLLiz Mackay made a bold transition from investment strategy to investment in tomorrow’s science students

Liz Mackay ‘80 Dyson College of Arts & Sciences

“Facilitating education is probably the best thing you can do for somebody.”



MEMBER PROFILE

BILL: I started working in life insurance in the Wall Street area when I was 17. Then I attended what was Pace College in the mid 1960s to learn the basics of accounting and finance.

While serving on the Lubin School Alumni Board for over 20 years, starting in the 1990’s, we helped Pace work out new ways to reach out and to recognize alumni - such as the creation of the Alumni Section on the Pace University website.

We encouraged giving at all levels — from a recent graduate’s $25 per year all the way up the ladder. Communicating with all Pace alumni is important, because we can continue to help them network and further their own careers.

ROSE: Two different charitable vehicles are our passions. We both believe in supporting educational institutions, and a char-itable annuity is a great vehicle to achieve that. We also believe in establishing endowed funds.

BILL: I spent almost 40 years in the life insurance industry, so I know annuities. And Rose was always a believer in the idea of charitable annuities.

Because of the way charitable annuities are managed, they pay higher interest rates than the market rate. It’s a good way of giving in the sense that while we’re alive we receive quarterly payments from our annuity, part of which is nontaxable. Even-tually Pace will receive whatever remains of the annuity.

ROSE: Bill completed his graduate education with the help of the GI Bill. A National Science Foundation Fellowship, grad-uate assistantship and scholarship grants helped me complete my master’s and doctoral degrees. Bill and I are both immi-grants and partly because of the generous support we have

received in pursuing our graduate education, we passionately believe in supporting deserving students, nonprofit organiza-tions and educational institutions.

We started an endowed scholarship fund at Pace University because we would not have been able to afford graduate edu-cation. Without financial help, it would be impossible for so many deserving students to achieve their dreams. Because we received support ourselves, our endowed scholarship fund is our way of giving back.

BILL: The United States is a country of immigrants. Seeking opportunity here, immigrants arrive, struggle, and work hard — but it’s difficult to raise a family while paying for a college education. Rose and I encourage first-generation immigrants to go to college and to get that degree.

We must always understand one another’s point of view. Col-lege education helps immigrants understand and communicate — which is more important than ever in our polarized society.

Now that we’re retired, we are professional volunteers. In addition to our educational support, we advocate for Asian American rights and for senior citizens. Our endowed schol-arship fund is for Asian Americans and for transfer students from Westchester Community College to Pace University.

ROSE: Sometimes people fail to support causes they care about because no one has reached out to them. If someone simply suggests the idea to you, you may start to think about what you could do to support a cause you love.

What attracted us to endowed funds is the fact that they go on in perpetuity and can benefit so many students. Because they saw how passionate Bill and I are, many of our friends have also set up endowed scholarship funds in memory of parents and loved ones.

William H. P. (Bill) and Sinforosa Tan (Rose) Kaung enjoyed rewarding professional lives. Bill held a number of leadership positions in the life insurance industry. Rose taught Mathe-matics at Westchester Community College, held The Joseph and Sophia Abeles Endowed Chair for Mathematics, now retired as Professor Emerita.

Bill ‘70 and Rose Kaung Lubin School of Business

A CAUSE YOU LOVEThe Kaungs have transformed their retirement into a time of volunteering and active generosity

“Think about what you could do to support

a cause you love.”



MEMBER PROFILE

I really enjoyed being a science teacher. At one point I was named New York State’s Outstanding Biology Teacher and served as president of the New York State Science Teachers Association.

But after 27 years, I wanted to do something different. I thought I might study labor law. At Pace I enjoyed my environ-mental law classes so much that I was encouraged to consider studying environmental law and making a career of it.

Public service work interested me. I was hired by the US Environmental Protection Agency to do the legal work for a number of major toxic waste sites in New Jersey. My legal, science, and teaching background were an ideal combination because I had to work closely with the legal community, tech-nical experts, and the community at large.

I chose Pace for a number of reasons. It was close to my home and I had family responsibilities. The programs offered by Pace met my needs very well, and I received a full scholarship that paid all my expenses at Pace Law School.

People who go into public law fields — whether in government such as the District Attorney’s office, or in NGOs like conser-vation organizations — receive lower salaries than other legal careers. When I went into the EPA, my starting salary was half my teacher’s salary. If I had carried a great deal of debt, I would have thought long and hard about taking a job that was cutting my compensation in half. Ultimately my EPA salary caught up, but freedom from debt offered me freedom to take the position I really wanted.

My goal in providing Pace scholarships, via my will, was to help expand those career choices possible for someone else. As a scholarship donor, you can specify the kind of students that you are interested in supporting with your endowed scholarship.

Planned giving enables you to support scholarships tomor-row, while still maintaining the money you need to live today. With the future scholarship fund in my name I will support a woman entering law school as a second career, perhaps even in environmental law. Law students often carry undergraduate debt, and their ability to choose a public service career will be greater if we can relieve the financial burden.

Separately, my husband and I have already given money to support students in science and science education. This schol-arship support was funded by charitable distributions from our IRAs. We were fortunate to meet the beneficiary of our schol-arship, who is studying to become a science teacher as both my husband and I were.

Ask yourself two questions: What did Pace do for you that made your life possible? And can you offer that opportunity to somebody else?

When you see how many Pace students are first-generation college students, you have an opportunity as a donor not only to help individuals, but also to help the community at large. Our donations make it possible for students to select careers that require a lot of education and training but that don’t pay as well as many other more commercial fields. You’re helping to move people into important careers, especially of service — as teachers, as medical staff, as environmental professionals.

Many people don’t recognize the financial burden that today’s students face compared to earlier decades. Donors give stu-dents a fighting chance at having a real professional career.

Virginia Curry ‘88 Elisabeth Haub School of Law

SOMETHING DIFFERENTFrom science teacher to environmental lawyer, Virginia Curry values career advancement through education

An alumna of Good Counsel College ’59 (which merged into Pace in the 1970s), Virginia Curry’s first career was science teacher. Later she returned to school and graduated Pace Law School in 1988.

“Planned giving enables you to support scholarships tomorrow,

while maintaining money you need to live today.”



DONOR IMPACT

I am a proud member of the Pace University alumni commu-nity, having graduated from Pace College as a student of the Class of 1950. My years at Pace were filled with hard work and a desire to improve upon the modest upbringing my family could provide during the Depression and its aftermath.

Fortunately, my Pace education was funded by the GI Bill after I served in the Navy. Pace provided the foundation for me to help build a successful family business, and to become a wise investor over the years. The entrepreneurial spirit continues in our family, as my sons manage their own successful business, and my other children or their spouses either have their own, or work for, small businesses.

Almost 70 years after graduating from Pace, my gratitude and appreciation continues. Although I’ve been contributing to Pace for decades, I decided to increase my financial support with the help of the IRA charitable rollover provisions of the tax code.

My IRA rollover helped me establish an endowed scholarship fund for a deserving Pace student. With my experience build-ing a small business, I was pleased to establish a scholarship to assist students enrolled in Pace’s Entrepreneurship Program within the Lubin School of Business at Pace University.

I had the pleasure of meeting several Pace students who received the Donald A. Ehrgott and Ruby Ehrgott Endowed Scholarship. I am pleased to have had the opportunity to benefit Pace students with an IRA charitable rollover. I would encourage anyone considering supporting Pace to leverage the tax benefits of an IRA charitable rollover this year.

Don Ehrgott ‘50 Lubin School of Business

THE IRA THAT KEEPS ON GIVINGDon Ehrgott reshaped his rollover IRA into a forever scholarship

To support today’s students, the contribution of alumnus Don Ehrgott employs a lesser-known strategy to fuel an endowed scholarship.

An easy but lesser-known strategy for funding educational scholarships is to roll over retirement assets you expect not to use. An IRA can potentially fund an endowed scholarship fund, helping Pace students of your choosing far into the future.

Why consider donating retirement assets?

Your gift will be put to use today, allowing you to see the differ-ence your donation is making.

You pay no income taxes on the gift. The transfer generates neither taxable income nor a tax deduction, so you benefit even if you do not itemize your deductions.

If you have not yet taken your required minimum distribution for the year, your IRA charitable rollover gift can satisfy all or part of that requirement.

Three easy steps to fund an educational legacy of which you can be proud:

Simply contact us for no-obligation details on how to fund your own Pace scholarship using an IRA rollover or unused IRA distributions.

Designate the types of students you wish to benefit.

Name your scholarship after yourself, or loved ones, in memo-ry of someone, or keep it anonymous if you choose.

Learn more:

There are important technical aspects of creating a scholarship from retirement assets. We can help maximize your gift and your tax benefit. If you have any questions, Marc Potolsky will be happy to help you. [email protected] 212-346-1619 Visit plannedgiving.pace.edu/ira-charitable-roll

Three simple steps to build your legacy and support something important to you



DONOR IMPACT

Paula Scharf Kohn enjoyed a four-decade long career at Pace University’s Lienhard School of Nursing. Since 1976, Paula had prepared thousands of young men and women to serve as key contributors to the global healthcare community. Through her efforts as a professor, Paula has made a real and lasting impact on the future of healthcare, both in the United States and around the world.

Beyond her career itself, Paula realized that she could continue to make a difference by providing a new generation of nurs-ing students with the financial resources to study at Pace. In 2016 she pledged $50,000 to establish the Paula Scharf Kohn Scholarship Fund for full-time students in the ABSN (Acceler-ated Bachelor of Science in Nursing) program at the Lienhard School of Nursing in the College of Health Professions. This will enable the Fund to target individuals embarking upon nursing as a second career.

“Although I have been in nursing for my entire professional life, I appreciate what nurses do now more than ever,” Paula had said after her ovarian cancer diagnosis forced an entirely new role upon her. Suddenly finding herself in the position of a patient

rather than practitioner, she stated, “You simply cannot put a price or a value on the work that good and smart nurses do.”

Paula took special pride in seeing firsthand the professionalism of Pace nurses and the high regard in which they are held by the broader nursing community. She was always moved to hear from former students how much she shaped the trajectory of their lives and careers. “I couldn’t be prouder to hear positive comments made about or by our graduates!”

In announcing the scholarship, Paula said, “With the scholar-ship, I will help future nurses pursue their dreams. I find this to be deeply fulfilling — it makes me a happier and more satisfied person.”

Paula Scharf Kohn Faculty, College of Health Professions

STUDENT GRATITUDEThe Paula Scharf Kohn Scholarship at Pace University provides essential support to second-career nursing students

Paula Scharf Kohn, who passed away in April 2017, led a dis-tinguished 40-year career as a faculty member and professor in the Lienhard School of Nursing at Pace University. She es-tablished a scholarship fund that continues to benefit grateful nursing students today.

I am truly thankful to receive the Paula Scharf Kohn Scholarship. Your generosity allowed me to remain dedicated to school without having to worry about additional debt.

In a few years I will pursue a degree in nurse anesthesiology, and this scholarship brings me closer to my goal.

My decision to attend Pace’s accelerated nursing program was due to its academic excellence, impressive National Council Licensure Examination pass rate, and outstanding reputation in New York City’s medical community.

I appreciate your support of my education, which is so mean-ingful in my life and my quest to become a registered nurse.

Adriana Kellogg Class of 2019

Thank you for your generosity through the Paula Scharf Kohn Scholarship. Born and raised in the Bronx, I am a first generation Vietnamese American, and the first in my family to attend and graduate from college.

At Pace I was given opportunities to practice my clinical skills at many great hospitals, which confirmed my passion for nurs-ing. I was always interested in pediatrics, and had the privilege to help the next generation.

Thank you again for enabling me to focus on my education and strive toward a career where I can make a difference in the lives of others.

Nhi Nguyen Class of 2020



IN MEMORIAM

Professor emeritus of accounting at Pace University, Anthony R. Pustorino of Manhasset, New York, passed away on June 12, 2019, at the age of 93. He was a dedicated father, husband, friend, and professor of accounting for over thirty years at Pace University, from 1965 through 2001.

We remember him not only for his contributions to the uni-versity, but also for his long life of rich experiences. As a young American soldier during the turmoil of World War II, Tony survived his deployment in France.

He became a lifelong accountant, donating his time to the profession and numerous CPA societies, while also building a successful accounting firm, Pustorino and Puglisi. With over fifty years of experience in public accounting, he served as Vice President, Treasurer, Director and member of the Executive Committee of the New York State Society of CPAs, and re-ceived numerous professional and teaching awards.

Pustorino was Chairman of the New York State Board for Pub-lic Accountancy and Chairman of its CPA Examination Review

Board. He was a Director and Chairman of the Audit Commit-tee of a number of registered investment companies included in the Gabelli Mutual Funds Complex.

Tony was awarded Pace’s inaugural Impact Award in 2019. The Impact Award recognizes the impact that awardees make on the Pace community and the broader community. Tony always guided those around him to become able accountants, touching the lives of over six thousand students with whom he shared his experience.

An avid golfer, academic, and traveler, Tony lived most of all for his family. He is survived by his loving wife Connie, his younger brother Jerry, his three children Gina, Anita, and Richard, his six grandsons, and his three great grandchildren.

Tony left a bequest in his will for Pace’s Lubin School of Busi-ness. He leaves a lasting legacy and will be missed by family and friends.

Tony Pustorino Faculty, Lubin School of Business

IN MEMORIAMANTHONY R. PUSTORINO 1925 – 2019

Connie and Tony Pustorino at the 2019 President’s Scholarship and Benefactor Dinner.



MEMBERS

AnonymousDavid I. Abramson ‘80Michael B. Altman ‘65Norma I. Aviles ‘90Suvro Kumar Banerjee ‘01James A. Beers ‘65Aniello A. Bianco ‘61Jacqueline BiancoVincent M. Blazewicz ‘79Frederick T. Boehm ‘83Rita Bradshaw-Beyers ‘64Rebecca S. Breed ‘92Lawrence S. BridwellAlexandra P. BroveyBarbara K. BrumbergDr. George A.W. Bundschuh ‘55Stephen R. Buschel ‘64Alice CaputoPresident Emeritus David A. CaputoJaime Carpio-Gomez ‘74Jose Luis Castro ‘88Joseph M. Chernow ‘60Diana Mei-Chaung Chou ‘83Stephen H. Clifton ‘73William J. CoffeyFrank G. Colella ‘84John M. Colford ‘72JoAnn M. Constantini ‘70Elizabeth M. Cuccinello ‘99Virginia A. Curry ‘88Roger Cutino ‘70Allan B. DeeringRobert E. Demmett ‘84Sharon E. Des Jarlais ‘78John L. Draheim ‘76Martha W. DriverJeannemarie Durocher ‘78George EbbinghousenGary Ebert George E. Ecks ‘79Cheryl EhrgottDonald A. Ehrgott ‘50Sandra Ekberg ‘58, ‘71Helen Emanuel ‘03Brian EvansPatricia O. EwersJoseph E. Fineo ‘69Mrs. Peter X. Finnerty

Michael G. Fissell ‘76William C. FreundLeonard Friedman ‘51President Emeritus Stephen J. FriedmanDan Gabel H‘11Kazimer W. Galas, Jr. ‘71Leo J. GallinaAnna Marie GardinerJoseph P. Gemmell ‘68Ronald George ‘86Gary R. Gilmore ‘82Jodi K. Goalstone ‘74Myron Elliot Gold ‘70Marti A. Golden-Greenberg ’79, ‘93Dora M. Gomez ’86 Nancy Levien Goodman ‘77Mitchell E. Grant ‘84Stacy J. Grant ‘86Karen L. Grayson ’68 Donald S. Gudhus ‘69Erland L. Hagman ‘85Julian Hamburger ‘73Bridget-Anne Hampden ‘79John W. Harrison ‘54James E. Healey ‘64Patricia Higgins ‘89Andrew M. Hoffman ‘78Barbara A. Humble ‘82Robert A. Hutton ‘75Marilyn Jaffe-Ruiz Michael Janicki ‘74Karla JayHarry M. Johnston IIIRuth D. JohnstonWilliam and Roberta KahanRose KaungWilliam H. Kaung ‘70Judith Lavori Keiser ‘86Charles J. KellerFrances M. Kelly ‘57Caress C. Kennedy ‘83Paul J. Kenny ‘80Charles P. Klass, II ‘68Albert C. Klein ‘52Judah L. Klein ‘49Amy Millman Kochis ‘82Paul Kochis

Patricia M. Kohl ‘88Howard S. Lamont ‘51Linda T. LanghamWalter C. Lankenau ‘68Benjamin D. Lebish ‘05Nancy K. Lennon ‘72Sidney LernerStephen M. Lesce ‘87Rosealie A. Lesser ‘73Virginia Letourneau ‘85Bruce M. Levin ‘72Steven H. Levy ‘72Anita J. Linn ‘77Noah Lipman ‘84Jennifer Carol Loftus ‘96Susan B. Lubalin ‘89Holly A. Lundberg ‘78Michael J. Lynn ‘78Elizabeth J. Mackay ‘80William Maksudian ‘67Florence C. Maloney ‘62Angela G. Mancinelli ‘59Joseph L. Mancinelli ‘61Eleanor A. Maren ‘81George V. Marino ‘82Frederick Bruce MarkowitzPeter A. Marshall ’60, ‘69Eleanor MasurRobert V. MasurTerilyn M. Mazza ‘89Alice L. McAndrew ‘32Mercedes A. McCormick ‘75Sally C. McElwreath ‘63Mary Ann McGuinness ‘87Florence M. Meisner ‘89Loretta M. Menger ‘60Edward D. Miller ‘68Myrna E. Miller ‘92Michael J. Mital ‘11Joseph T. Mizerek ‘73John Michael Moccio, Jr. ‘67Ira Mogitz ‘66Monet H. Molock ‘97Joseph C. MorrealeDoris Slater MortolaRobert Murphy ‘60Patricia Nevins ‘79Charles P. O’Brien ‘80David S. Oltman ‘81

Edward R. Orlando ‘52Nathan M. Perlmutter ‘71Shirley Ruth Perry ‘75Henry G. Petermann ‘60John A. Peth ‘53William Pfluger ‘70James J. Quaglietta ‘72Linda G. QuestYvonne M. Ramirez ‘82Robert A. Rivero, Jr. ‘67Stephen Rosmarin ‘51Victor R. RuizDaniel Rushefsky ‘88Bonnie Sampson ‘79Katherine I. Sanders ‘82Bess Schaeffer ‘86Harold SchaefferEllen A. Schiavone ‘61Paul L. Schneider ‘67Eugene G. Schorr ‘65Mr. and Mrs. Ivan G. Seidenberg ‘81Jack Daniel Simon ‘69Vincent J. Spinelli Carol Stabile ’81Edward W. Stack, ‘56 H’91Maureen Kingston Stein ‘75Joseph A. Steiner ‘58Joel S. Stern ‘54Barbara Streine ‘87Myron Strober ‘51Joseph E. Suarez ‘80Trisha SugarekJosephine Rae TobiasJoan K. TuckerHal J. Upbin ‘61Josephine Vasquez ‘83Nancy M. WalkerWarren D. WattsLawrence M. Weingart ‘82Gail A. Wilder ‘05Robert J. Williams ‘92Renée Willis ’93Albert Wirth ‘51Rita M. Wood ‘78Barbara Zimany



IN MEMORIUM

Robert B. Aaronson ‘21Anna M. Airel Virginia Nan Apfelbaum ‘86Veronica Banner-Pezzuto ‘62Charles F. Behrens ‘73Mary R. BellinsHenry BirnbaumJosephine BlanchettWillard L. Bleyer ‘83James O. BoisiHoward H. BornJohn Bradley ‘28Millard R. Branch ‘56David R. Breien ‘52Bernard P. BrennanMuriel Brien ‘32Bernard V. Burns ‘51Gerard CannonRudolph J. Clauss ‘83IIse G. CoeLeo N. Conrad ‘51Maymarie Pertel Conte ‘78E. Virgil Conway H ‘90Theodore R. Daners ‘53Thomas F. Delaney ‘87Frank DiBennardo ‘63Jacqueline Do ‘50Lydia R. Doyle ‘43Theodore W. Edgar ‘64Eugene W. Eifert ‘40Jack A. Esposito ‘82Ivan Fox ‘54Jesse J. FrankelGladys M. Froustet ‘57Anne GalikThomas W. Gerard ‘85Robert E. Gift ‘56Kenneth J. Gordon ‘80Raymond M. Gore ‘50Amelia A. GouldRuth Enders GreenamyerFrances Pichie Haller ‘82William A. Hartley ‘53Joseph J. Hartog Caryl HaskinsJeffrey R. Hewitt ‘81Vladimir F. Hladik ‘74Michael J. Holmes ‘36H. Bruce Horel ‘66

Reizel H. HorelEthel Barbara Hurley ‘51Lynn HutchisonNancy R. HutchisonMargarita S. HutnerSeymour H. HutnerVerai F. Hyland ‘36W. Merritt Jones ‘52Lowell B. Kaiser ‘65David Kaplan ‘69Milton Kaplan ‘54Rosalind KaplanFrances A. Keegan ‘51Morris C. Kessel ‘27Charles R. Kick William A. Klein ‘27John A. Kley ‘74Paula Scharf KohnWilliam A. Kolmodin ‘50William Kosseff ‘53James E. Lane, Jr. ‘49Joseph G. Laraja ‘40Eddie LaytonEdwin W. Lehecka ‘56William O. Lenihan ‘87Christine F. LitcherBobbie LoSaccoMillicent E. Lubin ‘75Adolph G. Lurie ‘51Salvatore MaggioreWiley M. MangumAnthony J. MaranoThomas S. McCormick ‘53Gertrude A. McQuaid ‘76O. Anthony Medekszo ‘50Donald L. MillerJeffrey S. Miller ‘51Robert W. Miller ‘86Charles P. Mitchell ‘71Sophie MitrisinT. Conrad Monts ‘67Dudley W. Nearing, Jr.Nora Nespojohn ‘72Ann P. NeupauerPaul Numerof ‘71Mavis Rodgers O’BrienBernard O’Connor ‘33Michael J. O’Connor ‘68Thomas O’Sullivan

Mary T. O’Toole ‘55Robert E. PalmerJames G. Parke ‘34Pamela R. PeckEveritt Perlstein ‘50Anthony R. PustorinoLouis W. Racanelli ‘59George P. Reeth, Sr. ‘75Gustave A. Reh, Jr. ‘30Richard T. Ritchie ‘53Audrey A. RitterHarold H. RoswellMarie C. Roth ‘46Henry Rubin ‘37John E. Russel ‘85Raymond T. Ryan ‘32J. Richard Rymer ‘69Beatrice T. SahmWilliam L. Sahm ‘61Harry O. Scheck ‘30Eliot DeYoung Schein John C. Schlosser ‘53Diana H. Schneider ‘77Howard F. Schuelein ‘52Arnold Schwartz ‘51Betty Anne Schweickert ‘42Joan A. Shiel ‘82David SiveSydney L. Small ‘61Samuel Smilkstein ‘29Eugene W. Spangler ‘50Robert K. StrausJerome B. Stupp ‘73Morton A. SweigChristopher A. ThomasPaul B. Tobias ‘52John G. TroianoJ. Walter UstruckGeorge Van Ausdall ‘53Andrew Varanelli, Jr. ‘68Victor VavosoMarie T. Wager ‘73Louise M. Walsh ‘35Robert Watman ‘51Richard A. Weidener, Jr. ‘92Gertrude J. Wick ‘38Nada J. Williams ‘77Roger H. Willis ‘49Helene T. Wilson ‘66



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A FUTURE WITH GREAT PROMISE - Pace University€¦ · to reinvest the remainder for future growth....

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