President’s Update — FDU NOW — February 2, 2010
Dear Friends and Colleagues,
It gives me great pleasure to announce two very significant commitments to FDU NOW, The Campaign for Fairleigh Dickinson University.
The first comes from a new friend to the University, John Giovatto of Elmwood Park, N.J. John, who is 85 years old, approached the University a year ago, wanting to memorialize his brother Frank, who recently passed away. John is not a graduate of our University, but when he learned about the history and the mission of FDU, he decided this was an institution worthy of his support. He has agreed to commit $1 million to FDU NOW, which will endow the Metropolitan Campus library. In recognition of his wonderful generosity, the University will rename the Weiner Library to the Frank Giovatto Library at a ceremony later this year.
The second gift comes from Norbert Gaelen of Short Hills, N.J. Like John, Norbert is not a graduate of the University. However, he has been involved with the Rothman Institute for Entrepreneurship and its well-regarded Family Business Forum. Norbert recognizes the value of the Family Business Forum and the unique programs provided through the Rothman Institute that directly assist family business owners. His commitment of $250,000 will support the Rothman Institute, which will rename its Family Business Forum the O.Berk Company Family Business Forum in recognition of Norbert’s generosity. Norbert is retired chairman of O.Berk, which is celebrating its 100th anniversary. The firm, located in Union, N.J., provides packaging solutions for a variety of industries nationwide.
Despite the ups and downs of our nation’s economy, FDU NOW continues to stay on track. These and other new commitments to the University’s largest capital campaign have pushed FDU NOW to $44 million dollars. This outstanding accomplishment would not have been possible without the generosity and support of thousands of individuals, corporations and foundations. Most importantly, it would never have occurred if alumni didn’t appreciate the value of an FDU degree, if our students didn’t benefit from our exceptional education, if our donors didn’t believe in our vision and if our faculty and staff didn’t care so deeply about our institution. The success of FDU NOW is a reflection of what we do well every day at Fairleigh Dickinson University.