Rowan University receives $1 million from Rohrer Foundation

Rowan University receives $1 million from Rohrer Foundation

Share
State to match gift through new legislation On October 26, the William G. Rohrer Charitable Foundation awarded Rowan University $1 million to
State to match gift through new legislation

On October 26, the William G. Rohrer Charitable Foundation awarded Rowan University $1 million to
fund scholarships in the university's College of Business. Thanks to recently passed legislation, the Higher
Education Incentive Fund Act, the gift will be matched by the State. The gift and match will fund
approximately 60 merit-based scholarships at $2,000 a year for four years.

For information on how to apply for a Rohrer scholarship, please call Admissions at 856-256-4200.

About the William G. Rohrer Charitable Foundation

The William G. Rohrer Charitable Foundation was funded by the estate of William G. Rohrer, a former
banker, businessman, public official and humanitarian from Camden County whose life was dedicated to
improving the educational and economic prosperity of southern New Jersey.

The Foundation's focus is on funding local causes in keeping with Mr. Rohrer's long-time dedication to
local organizations. During his lifetime, Mr. Rohrer played a major role in a variety of charitable and
fund-raising and community improvement activities and contributed to numerous educational and charitable
causes.

About William G. Rohrer

Born in 1909, William G. Rohrer grew up in Williamsport and Pottsville, Pa. He moved to Camden
County, N.J., to establish with his father the Rohrer Chevrolet Agency. He operated the dealership for 50
years, building it into one of the largest automobile dealerships in southern New Jersey.

A resident of Haddon Township since 1929, Mr. Rohrer served as a committeeman for four years and as
mayor for 36 years. He launched the First People's Bank of New Jersey in 1956 and served as its president
and chief executive officer until 1982 and later as chairman emeritus of the board of directors. He also
established and was president of Wm. G. Rohrer Inc., a real estate holding company and served as president
or partner in several other real estate development companies. Mr. Rohrer was past president of the First
National Bank of Stone Harbor and the Fidelity Bank of Pennsauken.

Gift is second from Foundation

In 1994, the Rohrer Foundation made a $1 million gift to the University to establish the William G.
Rohrer Professorial Chair in the College of Business. It was the university's first endowed chair and the first
of $1 million or more among New Jersey's nine state colleges. The university has used the interest from that
gift to bring visiting professors and business leaders to teach and lecture on campus.