![]() ![]() He has served on the Stanford Athletic Board, the DAPER Investment Fund and the Graduate School of Business Advisory Council. Greg Penner is the chair of Wal-Mart Stores. ![]() The families who stepped forward with major gifts for the Cardinal are longtime supporters of Stanford whose gifts and volunteer service have benefited many parts of campus.Ĭarrie Walton Penner serves on the board of the Walton Family Foundation and as a member of Stanford’s Board of Trustees she also has served on the Graduate School of Education Advisory Council and the Gardner Center Advisory Board. ![]() “Our student-athletes continue to excel both athletically and academically, and the Cardinal faithful are critical to both our current and long-term success.” Philanthropists leading the way “The incredible dedication of Cardinal fans inspires our student-athletes daily,” said Bernard Muir, who is the Jaquish & Kenninger Director of Athletics. In part, that decision was made possible because alumni, parents and other donors had stepped forward with pledges of $30 million, spurred by a group called 36 Sports Strong.Īnd with the pandemic slowly lifting its shadow on competitions, there is reason for optimism. Much of the broad support for athletics came in response to the announcement that Stanford would be able to reverse a 2020 decision to discontinue 11 sports. “In order to pursue athletic excellence at the highest level, we estimate needing at least $300 million in additional philanthropic support over the next few years,” Denney said. Stanford’s commitment to the future of all 36 sports will require a sustained fundraising effort, however, as the financial challenges facing Stanford Athletics remain in place. Wrestling, field hockey, men’s volleyball, women’s basketball, and baseball are among the varsity sports benefiting from philanthropy. “Alumni have shown an entirely new level of interest in giving to athletics, and their support has shifted Stanford Athletics into a much stronger position,” said Jon Denney, Stanford’s vice president for development. Recent gifts have included programmatic funds and coachships for multiple sports, including wrestling, field hockey, men’s volleyball, women’s basketball and baseball. “These families gave not only generously but strategically, creating opportunities for many others to join together in supporting the university’s commitment to athletic excellence.”Īltogether, donors committed a total of $76 million to Stanford Athletics in 2020-21, making it the most successful fundraising year in the history of Cardinal Athletics. “I am tremendously grateful for the outpouring of support from Stanford alumni and fans, and deeply appreciative of the leadership demonstrated by the Penner, Dunlevie, Rogers and Sykes families,” said Stanford President Marc Tessier-Lavigne. The “Home of Champions Challenge,” which took place during the Tokyo 2020 Olympics last summer, generated support from hundreds of fans, who leveraged the match to double their contributions for student-athletes. ![]() A portion of the families’ combined gifts also will support renovations to Maples Pavilion, including enhancements to locker rooms and spaces for nutrition and sports medicine programs.Ī separate gift from Gene Sykes, MBA ’84, and his family inspired Cardinal donors to contribute to the Buck/Cardinal Club or any of the 36 Cardinal teams. Their commitment came largely in the form of matching funds to encourage gifts from others, which has led to new scholarships for student-athletes, coachships to help the Cardinal retain and recruit coaches and programmatic funds to bolster teams. To ensure a future for all 36 varsity sports programs, donors are stepping forward to provide long-term sources of funding. ![]()
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