John and Karen Arnold endow Penn State Smeal dean’s chair

John and Karen Arnold

Business leaders and philanthropists John and Karen Arnold made a $5 million commitment in July to endow the John and Karen Arnold Dean’s Chair in the Penn State Smeal College of Business, where John earned his MBA degree in 1987. Their commitment was made as this issue of Smeal Magazine was in production.The chair will provide discretionary funding for Dean Charles H. Whiteman and his successors to support strategic initiatives and other high-priority needs for the college. 

Whiteman called it an honor to be the inaugural recipient.

“The Arnolds’ giving through the years has had such a meaningful impact on our students and faculty, and I am both humbled by and grateful for their confidence in our work and our mission,” he said. 

The impact of the Arnolds’ gift will be featured in the Spring 2023 issue of Smeal Magazine. 

—Anne Louise Cropp