Baruch College Raises Over $1.3 Million at Annual Benefit Dinner and Announces Scholarship Campaign
Record-Breaking Gala Honors Ronald Perelman and Alumni Sandra Kahn Wasserman and the Late Bert Wasserman
Honoree Ronald Perelman (third from left) and President Mitchel Wallerstein pose with students at this year’s Bernard Baruch Dinner, which was the most successful in the history of the College.
NEW YORK, NY- April 20, 2016-More than 300 people attended Baruch College’s 27th Annual Bernard Baruch Dinner on Wednesday, April 13, 2016 at Cipriani 25 Broadway to support the Baruch College Fund and to honor renowned business leader Ronald Perelman and alumni Sandra Kahn Wasserman '55 and her late husband Bert Wasserman '54.
The gala dinner broke records for the College by raising over $1.3 million that will provide grants and scholarships to students and also subsidize professorships, improve college facilities, upgrade technology, and expand services. A campaign to raise $15 million for student scholarships also was announced during the dinner by Jay Berman ’59, who is serving as the campaign chair, and Max Berger '68, president of the Baruch College Fund. To date, $8 million has already been raised.
“Even though our tuition is low—$6,330 per year—it is still out of reach for many of our students—more than half of whom come from households with family income of less than $30,000 per year. That is why scholarships and our scholarship campaign announced earlier this evening are so vitally important.” Said Baruch College President Mitchel Wallerstein.
Internationally acclaimed journalist and television host Charlie Rose, served as emcee for the event.
“To walk in here and see what Baruch is doing and to see where your graduates are going make me especially honored to be here,” said Rose, who noted that he was the first in his family to attend college. “Baruch College is a jewel in the crown of New York City.”
Ronald Perelman, Chairman and CEO of MacAndrews & Forbes Incorporated, was honored at the event, where he received the Bernard Baruch Award for Business and Civic Leadership. Barry Schwartz, a member of the Board of Trustees of The City University of New York, presented Perelman with the award. Over the past four decades, Perelman has become known as an accomplished industrialists and generous philanthropist who has supported many of the nation’s most prominent cultural, educational, and medical institutions.
Baruch College alumni Sandra Kahn Wasserman and the late Bert Wasserman also were recognized for their outstanding commitment to the college and were honored with the William and Anita Newman Medal for Philanthropy by the award’s namesake, William Newman. The Wasserman family has generously donated a total of $9.6 million to the college over the years. Since 2005, Sandra Wasserman has been an active member of the Baruch College Fund and serves on the board’s Major Development Committee.
“Few people understand and demonstrate the importance of giving back like Sandy Wasserman and her wonderful family,” said President Wallerstein. “Sandy and her late husband Bert met at Baruch more than six decades ago, and in the ensuing years, they became tireless volunteers, model philanthropists, and among the most passionate supporters of Baruch’s deserving students.”
Watch news coverage of the Bernard Baruch dinner and an interview with President Wallerstein here.
About Baruch College:
Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 18,000 students, who represent 164 countries and speak more than 129 languages. Ranked among the top 15% of U.S. colleges and the No. 4 public regional university, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world. For more about Baruch College, go to http://www.baruch.cuny.edu/.
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