President's Update - May 25, 2005 - A Major Gift

Dear Members of the University Community,

While an announcement was made at this year’s Commencement, I want to be sure those who were not able to attend receive this update. Ed and Ruth Hennessy have made a $2.1 million commitment to the University.

A trustee emeritus, Ed served on the Board of Trustees from 1978 to 1994 (including 11 years as chairman). Ed, the retired chairman and CEO of Allied-Signal, Inc. (now Honeywell), was among the distinguished members of the Class of 1955 who this year celebrated the 50th anniversary of their graduation from Fairleigh Dickinson. For his outstanding achievements, the University in the past has presented him an honorary doctor of laws degree and the PINNACLE Award and named him the first Charter Day Dinner honoree in 1990. He also has chaired two capital campaigns for the University.

Saying that he was excited to support our efforts, Ed told the audience at Commencement, “The lessons I learned here inspired me and gave me the foundation for success.”

Ed and Ruth have long supported education, health care and the arts. Their gift will be divided between building the University’s endowment and supporting the University libraries.

We will hold a special event next spring to commemorate the Hennessys’ gift and formally recognize Ed and Ruth for their generosity. I know you will join me in applauding this tremendous commitment from the Hennessys.

Thank you,

Michael Adams