UNIVERSITY PARK, Pa. — Penn State Athletics received a $1 million gift for the Beaver Stadium Revitalization project from a family who chooses to remain anonymous. The family, which includes multiple Penn State alums, has also been longtime supporters of Intercollegiate Athletics, Smeal College of Business and THON.
“We are deeply grateful for the extraordinary generosity of an anonymous donor family whose $1 million gift will have a lasting impact on the Beaver Stadium Revitalization project,” said Patrick Kraft, vice president for intercollegiate athletics. “This gift and the others we have received to date are a powerful testament to the broad support for our community and the exciting future ahead for our stadium.”
Support from donors is vital in allowing Penn State Athletics to execute a renovation plan that will not only preserve the rich history of Beaver Stadium, but also modernize the facility while making it a year-round venue. The Beaver Stadium Revitalization project will provide increased revenue benefiting all 31 sports programs at University Park and foster economic growth in the region.
About the Beaver Stadium Revitalization
In May 2024, the Penn State Board of Trustees approved investing in a $700 million renovation of Beaver Stadium, which will grow revenue-generating opportunities, transform the fan and community experience and fuel the future funding for all 31 athletics programs at Penn State. The approved renovations will enable year-round use of Beaver Stadium, further driving economic growth and development in the surrounding region.
Learn more about the Beaver Stadium Revitalization.
About Philanthropy at Penn State
Support for the Beaver Stadium Revitalization project advances the University’s historic land-grant mission to serve and lead. Through philanthropy, alumni and friends are helping students to join the Penn State family and prepare for lifelong success; driving research, outreach and economic development that grow our shared strength and readiness for the future; and increasing the University’s impact for families, patients and communities across the commonwealth and around the world. Learn more by visiting raise.psu.edu.