CSUMB announces $4 million gift
President Dianne Harrison announced that California State University, Monterey Bay has received the largest single-family gift in the school’s history. The late Marian K. Krause, through her charitable trust and estate, left the university $4 million to be used for scholarships.
Mrs. Krause, a 35-year resident of Pacific Grove who passed away last year, believed that scholarships are the lifeblood of student success, opening the doors to higher education and opportunity.
Her gift establishes the Florence C. Rathom and Alwin R. Krause Scholarship Endowment Fund, which will provide financial aid for students in the journalism and human communication programs.
The gift honors the history, accomplishments and legacy of three generations of this family. It is named after Mrs. Krause’s great aunt, who was a reporter for the Providence Journal in Providence, Rhode Island, and Mrs. Krause’s husband, who was a photojournalist for the Los Angeles Times. He predeceased her.
“The lack of money should not cause anyone to forego dreams of a college education,” said Dr. Harrison.
“This gift reminds us that our community’s support of the university is absolutely essential to ensuring the opportunity for higher education for our students and the generations that follow.”
The endowment has been funded with an initial $2 million; the balance will come to the university upon closing of Mrs. Krause’s estate.
A selection committee will be appointed to award the scholarships based on students’ financial need. The first grants should be made next fall.
Steven F. Romberg, the Krause family attorney, and local attorney Robin Beare were instrumental in the gift planning. Dr. Renee Curry, dean of the College of Arts, Humanities and Social Sciences, and Dr. Juanita Darling, professor of journalism, were also key members of the team.
Contact: Joan Weiner, News and Public Information Officer, (831) 582-3653
| Public Affairs Offices/Campus News
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