This award recognizes a corporation that has demonstrated extraordinary generosity in promotion and support of The Pennsylvania State University. Recipients are chosen on the basis of consistency of giving, support to areas of greatest need, and impact across Penn State.
2013 Corporate Partner of the Year - General Electric
For more than forty-five years, General Electric has maintained a partnership with Penn State that exemplifies both organizations’ commitment to educating a global workforce and promoting innovation. In that time, GE has provided $23 million in funding for philanthropy and sponsored research, including more than $500,000 in the past year alone. These gifts and investments have made possible such programs as Faculty for the Future, a ten-year, $20 million initiative designed to increase the number of women and under-represented minority faculty members in engineering, related sciences, and business. Partnering with such initiatives as the Applied Professional Experience Program (APEX) in the Smeal College of Business, GE sponsors collaborative projects that provide students with valuable real-world experiences. Programs like these help Penn State produce highly skilled graduates, many of whom go on to become valued employees and leaders for GE. Penn State is among GE’s top five schools for recruitment, and the company currently employs about 1,270 Penn State alumni. Those alumni recently came together as one team to develop the GE-Penn State Alumni Scholarship Fund for engineering, business, and IST students. Further demonstrating a shared vision between the company and the University, GE established this past year the GE Competing for the Future Scholarship in Business and Engineering, which will support exceptional undergraduate students in the College of Engineering and the Smeal College, and committed to sponsoring research in the College of Engineering on the UG Mining Durathon Battery Advanced Packaging project, which will study the feasibility of employing GE’s industrial battery in underground mine cars. “Penn State is a big part of GE’s future,” GE Chairman and CEO Jeffrey Immelt has said, and Penn State greatly values the opportunity to continue developing this wide-ranging and forward-looking partnership.
Corporate Partners of the Year, 2004 - 2012
2012 - Chevron
2011 - Toshiba/Westinghouse
2010 - The Dow Chemical Company
2009 - Boeing Company
2008 - HighMark Inc.
2007 - PNC Financial Services
2006 - Barnes & Noble, Inc.
2005 - Lockheed Martin Corp.
2004 - Bank of America Corporation