- March 3/10, 1998
Volume 44 Number 24
Penn Law: A Record Gift of $15 Million Launches the School's 'Leadership
- Alumnus and Trustee Henry R. Silverman has made a gift of $15 million
to the University of Pennsylvania Law School-- the largest outright gift
ever to an American law school, President Judith Rodin announced last week.
- Mr. Silverman, L'64, is president and chief executive officer of Cendant
Corporation, Stamford, Conn., and Parsippany, N. J., a global leader in
consumer and business services.
- His record-breaking gift will support a professorship, legal scholarships
and research, in addition to restorations and renovations of the original
Law School building, which Dr. Rodin called the School's "intellectual
and ceremonial heart."
- The classic building on 34th Street between Chestnut and Sansom, dating
from 1900, will be renamed Henry R. Silverman Hall in recognition of his
generosity. "We are enormously grateful for Henry's commitment, both
to the Law School and to the University," Dr. Rodin said, adding that
"this leadership gift will enable us to continue to build on our distinguished
past and improve ourselves in the present to benefit future generations
of students and faculty."
- Mr. Silverman responded, "As a graduate, and having realized the
benefits and rewards of a truly world-class education at Penn Law School,
I am particularly gratified to make this gift and trust it will help both
students and faculty build on the institution's rich history of academic
- The Leadership Initiative: The Law School
has recently developed an ambitious plan for a leadership program that
will combine the strengths of legal education with perspectives drawn from
management and other sister professions and academic disciplines. "This
gift launches the Leadership Initiative in the most fitting way imaginable,"
said Dean Colin S. Diver, calling it the "linchpin of the school's
plans. It is the largest gift to an American law school; it will be used
to establish a home and an endowment for the leadership program; and its
donor, Henry R. Silverman, is the perfect embodiment of the lawyer-leader
whom we seek to educate.
- "We have a vision of legal education as preparation for leadership,"
he continued, "a combination of interdisciplinary studies and strong
disciplinary training designed to prepare our students for the challenges
of a changing legal profession in a rapidly changing society."
- Consistently ranked among the top schools in the U.S., Penn Law is
known as a leader in teaching law as a field of knowledge related to other
academic disciplines, the Dean pointed out, with instructional programs
that consider not only the theory and practice of law, but also the place
of American law among the other leading legal systems throughout the world.
- About Mr. Silverman: In addition to
serving as a trustee of the University, Mr. Silverman, 57, is executive
vice chairman of the board of trustees of the New York University School
of Medicine and the NYU Health System, a director of the NYU Child Study
Center, a trustee of the Hospital for Joint Diseases and a trustee of the
Whitney Museum of American Art.
- Cendant Corporation, ranked among the 100 largest corporations in America,
with a market capitalization of more than $30 billion and operations in
more than 100 countries, was formed through the 1997 merger of CUC International,
Inc., and HFS, Inc., which Mr. Silverman founded in 1990 and served as
its chairman and chief executive officer.
- Cendant has three principal segments: Membership Services, which provides
access to travel, shopping, auto, dining and other services through more
than 66.5 million memberships worldwide; Travel Services, the leading franchiser
of hotels and rental car agencies worldwide, the premier provider of vacation
exchange services, and the second largest fleet management company; and
Real Estate Services, the premier franchiser of residential real estate
brokerage offices, a major provider of mortgage services to consumers,
and a global leader in corporate employee relocation.
Return to: Almanac, University of Pennsylvania, March
3/10, 1998, Volume 44, Number 24