When Penn State philanthropists Thomas Sharbaugh and Kristin Hayes learned of their friend Bill Jaffe’s leadership giftto the proposed University Art Museum, they were inspired to make their own gift in honor of Jaffe, a longtime supporter of the arts at Penn State. The couple has committed $250,000 to create the Bill Jaffe Leadership Initiative in hopes of encouraging others to make a gift recognizing their friend and fellow philanthropist, whose generosity has touched numerous areas across the University.
“In all of our years of involvement with Penn State, we have never seen anyone who better typifies the best of philanthropy across numerous important segments of the University,” said Sharbaugh, professor of practice and director of the Entrepreneur Assistance Clinic at Penn State Law. “He has been a role model to us for a number of years, and when we saw the article early on Friday morning, Nov. 15, regarding his leading gift, we agreed by the time breakfast was over that we had to make a significant gift in his honor.”
The University Art Museum, which would be located in The Arboretum at Penn State, would replace the existing Palmer Museum of Art, providing greater access to its collection of nearly 10,000 objects, as well as additional spaces for student activities and educational and community events. In May, the Penn State Board of Trustees approved the selection of Allied Works Architecture to design the facility. Pending Board of Trustees approval, the University is prepared to provide a project budget of $71.1 million, funded by Penn State’s five-year capital plan that runs through 2023, which could increase to as much as $85 million with philanthropic support.