Penn State has received another eight-figure gift for the Beaver Stadium renovation project.
A donor, who chose to remain anonymous, gave $10 million to the project. The athletic department announced the gift Wednesday afternoon.
“This generous family has supported our department in a number of ways, and we are so grateful to have them as a leader in our fundraising efforts for the revitalization,” Penn State athletic director Pat Kraft said in a statement. “This gift is a unique symbol of a deep commitment to a significant priority. We are so thankful to have the support we have received in the early stages of fundraising for this project.”
The donation is the second this month to reach eight figures, qualifying it as a “Founders’ Gift” that will be recognized in a plaza outside the stadium upon the project’s completion. The first was a $25 million donation from the Misitano family and PAM Health.
The project was approved by the Penn State board of trustees in May and will include up to $700 million in renovations. The project is the first major renovation of the facility in the last quarter century.
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