UNIVERSITY PARK, Pa. — The Penn State College of Engineering has received a $19 million gift from the estate of E. Michael Ackley, placing Ackley among the top five individual donors in college history. The funds will support a variety of critical priorities, including student scholarships to aid access and affordability, the college’s campus facilities modernization, and faculty research.
Ackley graduated from the University with a degree in engineering science in 1960 and passed away in March 2020. He became a lifetime member of the Penn State Alumni Association in 1980, was a member of Sigma Pi fraternity, and served in the U.S. Army after his graduation. He founded Ackley Machine Corp. in 1976. Today, the company specializes in pharmaceutical printing, laser marking, laser drilling and vision inspection technology.
“The impact of this extraordinary gift from Mr. Ackley will be felt throughout the entire college, now and for years to come,” said Tonya L. Peeples, the Harold and Inge Marcus Dean of Engineering. “It will create funding opportunities for students and faculty to continue to pursue excellence in their studies and research; support critical facilities for teaching and research; and propel Penn State to an even more prominent leadership position in the area of semiconductor packaging. Mr. Ackley’s legacy in our college will be profound and enduring.”
Of the total gift, $5 million will be used to enhance student success. To support undergraduate research in perpetuity, the Ackley Undergraduate Research Program will be created with a $1 million endowment. The first priority for this funding will be for engineering science and mechanics students working on research for their honors thesis. A second prong of undergraduate support will be provided through the Ackley Scholars, a scholarship program created with $2 million to provide financial assistance in perpetuity to engineering students with a preference toward those with demonstrated financial need.
To aid in the college’s priority to recruit the most talented students at all levels, another $2 million will create the Ackley Graduate Fellowship Program, which will support both the teaching and research of graduate students.