Wang Family Endows Professorship in CBE
Stanley T. Wang, prominent East Bay businessman, and his wife Franny, have created the Wang Family Professorship in the College of Business and Economics at California State University, East Bay with their gift of a $250,000 endowment.
It is the first endowed faculty honor in the history of Cal State East Bay.
Wang, president and CEO of Pantronix Corp. of Fremont, announced the creation of the Wang Family Professorship on Tuesday (June 27) in a noon ceremony in the office of university President Norma Rees on the CSUEB campus in Hayward.
"This very generous gift by the Wang family supports faculty excellence and is another example of Stanley Wang's philanthropic leadership and visionary belief in higher education," said Rees, who will be retiring as president on July 1. "Mr. Wang has used his success in business to support excellence in public higher education in the East Bay, statewide, and internationally. We are honored to have his continuing support today and for the future and consider his gift a prominent vote of confidence in CSUEB and its commitment to our regional mission."
Wang indicated that in addition to rewarding excellence in teaching, he hopes his latest gift will encourage other business people, including those in the Asian community, to support Cal State East Bay.
"I hope that my action will inspire other people to participate," Wang said. "I believe education is the foundation for a better community."
"Endowed faculty honors are valuable in recruiting and retaining faculty of distinction," said John Kohl, dean of the College of Business and Economics.
At Kohl's direction, the first holder of the Wang Family Professorship will be a new faculty member for the fall quarter of 2007.
Some of the uses that the holder of the Wang Professorship can make of the endowment payouts include graduate student teaching or research assistantships, travel, and other expenses such as attendance at seminars and conferences and assigned time to create curriculum.
The gift by the Wang Family to Cal State East Bay is the latest example of their generosity to public higher education in California.
Wang served as a member of the CSU Board of Trustees from 1994 to 2002. Along with giving of his personal time, he has been a major benefactor of the CSU system, having given more than $2 million to the CSU during the past eight years.
In November of 2000 he donated $1.2 million to fund a scholarship program providing students and faculty with the opportunity to study, teach, and conduct research in China. Two years before that he donated $1 million to the CSU to reward outstanding faculty and administrators who have distinguished themselves with exemplary contributions and achievements in their academic disciplines and areas of assignment.
In addition to being a board member of the Asian American Manufacturers Association, Wang was a founder of Monte Jade Science and Technology Association He also is a member of the prestigious Committee of 100, which also includes Yo Yo Ma, the renowned cellist, and I.M. Pei, the internationally known architect.
Born in China, Mr. Wang in 1967 earned a bachelor's degree in business/management from the National Taiwan University and in 1970 earned an MBA from Temple University in Philadelphia.
Contacts: Barry Zepel, Media Relations Officer, (510) 885-3884, email@example.com
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