Making a major investment to
develop future American leaders, New York businessman
Henry Silverman, L '64, has
designated the final $5 million of his original $15 million
gift to the Law School to create the Silverman-Rodin Scholars
Beginning in the 2004-2005 academic
year, his gift will enable top students in each entering
class at Penn Law to receive
full scholarships in their first year. A total of 15 Silverman-Rodin
scholars--five from each class--will be in the school every
year, once the program is in full swing.
Mr. Silverman's endowment marks the first gift for scholarships
to Penn created in President Judith Rodin's name. Dr. Rodin,
native and 1966 graduate of Penn, attended Penn on a scholarship.
"I am deeply grateful to Henry Silverman for establishing this
scholars program in the Law School," Dr. Rodin said. "I
am also deeply honored to have my name linked to one of
Penn's truly outstanding trustees and benefactors. Henry
is a dear friend, and Penn Law students are lucky to have
him on their side."
Penn Law Dean Michael A. Fitts
added: "Financial aid is a critical
factor in drawing the best and brightest students. Henry
Silverman, who has been a devoted supporter of the Law
School, has made it possible for others to get a top-notch
legal education and replicate his success."
Mr. Silverman, chairman, CEO
and president of Cendant Corporation, made a $15 million
commitment to Penn Law in 1998
3/10, 1998). Eight million dollars
financed a major restoration and renovation of the School's
original building, now known as Silverman Hall. Another
$2 million established the Silverman Professorship, and
$5 million will now fund a scholarship program.
"Creating the Silverman-Rodin Scholars program gives me the
opportunity to not only honor and assist Penn Law, which
nurtured my career, but to pay tribute to Judith Rodin,
who has driven the University of Pennsylvania into the
upper echelon of American colleges," Mr. Silverman said.
Mr. Silverman is a trustee of
Penn and Penn Medicine.
He is also a Commissioner of the Port Authority of NY and
NJ and was recently appointed by U.S. Secretary of Commerce
Donald L. Evans, to the U.S. Travel and Tourism Promotion
Advisory Board. He is a trustee of NYU and its School of
Medicine and Medical Center, and a director of the NYU
Child Study Center. In 1998, he received the American Heritage
Award from the Anti-Defamation League for lifetime achievement
in fighting discrimination. He was honored for his efforts
to promote diversity in the workplace: in 2001 by the Jackie
Robinson Foundation and in 2003 by the U.S. Hispanic Chamber