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Lafayette College benefits from gift worth nearly $28 M

By 69 News, follow: @69news, news@wfmz.com
Published On: Dec 24 2013 06:07:52 AM CST
Updated On: Sep 16 2013 07:08:14 PM CDT

Lafayette College announces major donation

EASTON, Pa. -

Lafayette College in Easton is getting a huge financial boost from one of its graduates.

Lafayette announced Monday morning a $27.9 million gift to the college from Kent Rockwell, who is a member of the class of 1966.

Officials say it is one of the largest donations in the history of the school.

The gift, made to a trust that Rockwell established benefiting Lafayette, was in the form of stock that was sold for $27.9 million.

Officials say the gift will be used to build a new science facility and to support initiatives in technology and other innovations at the college.

“We are immensely grateful for this extraordinary and historic gift,” says Lafayette President Alison Byerly. “Lafayette is committed to becoming a leader in offering innovative educational programs in fields at the intersection of the life sciences, technology, and engineering. Kent Rockwell’s vision and generosity will enable us to strengthen our efforts in this area significantly.”

According to Lafayette, Rockwell has been chairman and CEO of Rockwell Venture Capital, Inc. since 1983. The firm invests in technology-based engineering products and services.

He serves as chairman and CEO of Rockwell Forest Products and of ExOne, a global provider of three-dimensional printing machines and printed products to industrial customers. He also is chairman of Strata Proximity Systems, which provides safety systems for mines.

Rockwell is also a Lafayette College trustee. He graduated with a major in economics in 1966.