UNIVERSITY PARK, Pa. – Penn State Athletics secured a third Founders Gift for the Beaver Stadium Revitalization project, a $10 million gift from a donor who chooses to remain anonymous. This gift brings the Founders Gift fundraising total to $45 million, which includes a lead commitment of $25 million from the Misitano Family and PAM Health.
“We are thrilled to announce our third Founders Gift in as many weeks for the Beaver Stadium Revitalization project,” said Dr. Patrick Kraft, vice president for intercollegiate athletics. “We extend our heartfelt thanks to this family for their unwavering support of Penn State Athletics and Penn State. This remarkable gift underscores the commitment our community has to enhance Beaver Stadium and the game day environment, while maintaining the deep history of our iconic stadium.”
Leaders in the Beaver Stadium Revitalization project, the Beaver Stadium Founders are donors making transformational gifts of eight figures or more. As Founders, these benefactors play a vital role in allowing Penn State Athletics to execute a renovation plan that will not only preserve the rich history of Beaver Stadium, but also modernize the facility while making it a year-round venue. The Beaver Stadium Founders' generous gifts will be recognized in a plaza outside Beaver Stadium at the renovation's completion.
“We greatly appreciate the amazing generosity of this family, whose Founders Gift will have a lasting impact on our athletics department, our University and our community,” said Penn State President Neeli Bendapudi. “We are honored by the commitment and passion of Penn State’s supporters who are investing in our University’s future. The support we’ve received for the Beaver Stadium revitalization reflects the importance of this project for our institution and our impact on our community.”
About Beaver Stadium Revitalization
In May 2024, the Penn State Board of Trustees approved investing in a $700 million renovation of Beaver Stadium, which will grow revenue-generating opportunities, transform the fan and community experience and fuel the future funding for all 31 athletics programs at Penn State. The approved renovations will enable year-round use of Beaver Stadium, further driving economic growth and development in the surrounding region.
For more information on the Beaver Stadium Revitalization, please visit gopsusports.com/beaverstadiumrenovation.
About Philanthropy at Penn State
Support for the Beaver Stadium Revitalization project advances the University’s historic land-grant mission to serve and lead. Through philanthropy, alumni and friends are helping students to join the Penn State family and prepare for lifelong success; driving research, outreach and economic development that grow our shared strength and readiness for the future; and increasing the University’s impact for families, patients, and communities across the Commonwealth and around the world. Learn more by visiting raise.psu.edu.