Penn State Football: Stecko Family Set To Give $1 Million To Football Program
Penn State alumnus and longtime donor Paul T. Stecko has committed $1 million to support the Football Excellence Fund the university announced on Wednesday.
As a result, the team locker room in the Lasch Building will bear the name of the Paul T. Stecko family.
“The Stecko family has a long-standing relationship with Penn State athletics and we are thankful that they have made this gift to Penn State football,” Athletic Director David Joyner said. “This gift will help give Coach James Franklin the resources to develop outstanding football student-athletes on and off the field.”
The Football Excellence Fund provides discretionary funding to support costs such as facilities improvements, equipment purchases, travel, and other needs that arise throughout the season.
“We are very grateful to Paul Stecko and his family for this very generous gift to our football program,” Penn State coach James Franklin said. “The support from the Stecko family will provide us with the resources to give our football student-athletes an unrivaled experience here at Penn State.”
“Our family is proud to support the efforts of Penn State and Coach Franklin in advancing our tradition of academic and athletic excellence,” Stecko said. “We are enthusiastic about Coach Franklin’s leadership, and we want to give him the resources to realize his ambitious vision for Penn State Football.”
Paul Stecko, --a 1966 graduate of the university-- is currently the chairman of the board of Packaging Corporation of America in Lake Forest, Ill., having retired as chairman and CEO. Stecko also served as the President and Chief Operating Officer of Tenneco, Inc.
This is the second significant donation to the football program this offseason as a $1.5 million gift from alumnus John Leone was made in early June.