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(Left to right) Gerald Fischer, president and CEO of the University of Minnesota Foundation; with Carl Pohlad; Gene Budig, former president of the American League; and University President Bob Bruininks.
Pro baseball teams give to U
From eNews, October 14, 2004
Carl Pohlad made five cents an hour in one of his first entrepreneurial ventures. Many years--and many successful ventures--later, this son of a railway brakeman is recognized for his business savvy and generous heart. He owns the Minnesota Twins. He has stakes in the banking arena and numerous other industries. He was a founder of the Boys Club of Minneapolis. The list goes on.
To celebrate his entrepreneurial spirit and honor his contributions to society, Pohlad's friends in major league baseball have created a new student scholarship fund in his name at the University of Minnesota. The Carl R. and Eloise Pohlad Endowed Scholarship will help academically gifted students across the University make ends meet.
The Office of the Commissioner of Baseball and 10 major league teams have contributed approximately $125,000 in gifts and commitments to date. That amount will have the equivalent impact of a $250,000 scholarship endowment, thanks to the President's Scholarship Match, a program designed to double the impact of new endowed scholarship contributions during the U's multiyear Scholarship Drive. The contributing baseball teams are the Chicago White Sox, Chicago Cubs, Boston Red Sox, Houston Astros, New York Mets, Toronto Blue Jays, Seattle Mariners, Baltimore Orioles, Philadelphia Phillies, and New York Yankees.
The giving continues
More than 15,000 alumni and friends have given $34 million to the University of Minnesota Scholarship Drive in its first year. President Bruininks launched the multiyear drive in May 2003. To contribute to this drive or to learn more about it, see www.giving.umn.edu.
"Carl Pohlad has helped many deserving individuals and organizations over the years, and he has done so without fanfare," says Gene Budig, past president of the American League and the first donor to the scholarship fund. "He has displayed true entrepreneurial spirit, the kind that has made Minnesota and America models for business and industry."
The new scholarship endowment essentially benefits the people who "will make unique contributions to our society, culture, and economy in the years to come," says President Bob Bruininks. "I know that as a former scholarship recipient himself, Carl appreciates this new scholarship and the purpose behind it."