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Meet the Donors
Al Carey '74: Making an Impact at UM
Al
Carey's connection to the University of Maryland began with athletics. A Long
Island native, he was a heavily recruited track star who chose to come to
Maryland, despite the fact that the university could only award him a partial
scholarship during his freshman year.
Today, Carey '74, is making sure there's more scholarship money to go around,
whether the student recipients are athletes or those with extreme financial
need. As president and chief executive officer of PepsiCo's Frito-Lay North
America division, Carey has shepherded several large corporate gifts to the
university. He also gave enough of his own money to fund a four-year scholarship
for a track athlete, part of an effort to increase that program's scholarships
from two to 12.5 a year.
In 2004, Carey also made a generous personal gift with a big emotional
impact. During a University of Maryland College Park Foundation Trustees
meeting, Carey and fellow board member Bob Facchina '77 heard the story of a
young woman who was considering dropping out just shy of her senior year. Her
father had cancer and had been forced to leave work, and the family could no
longer afford their daughter's tuition. That night, Carey and Facchina decided
to split the remaining cost of her Maryland education, about $12,000, and donate
the money to the foundation, which supports an emergency tuition program. The
young woman has since graduated and become a teacher.
"It's probably the best $6,000 I've spent in my life," Carey says. "The
letters we got from the student's family were really incredible."
Corporate Supporters
Carey continues his gift-giving efforts, spearheading PepsiCo's corporate
contributions to the Robert H. Smith School of Business and the College of
Education. He got involved with education's project after a former dean
convinced him to give to it not once, but twice.
Run through the Maryland Institute for Minority Achievement and Urban
Education, the project connected local school officials and university educators
and greatly improved college attendance rates and college scholarship awards
made to students in Bladensburg, Md., schools.
Though the institute has been up and running since 2001, it doesn't yet have
the resources needed to make the larger impact officials envision. Earlier this
year, they returned to some initial investors and sought out others who could
help expand daily operations. Among others who committed to the new fundraising
initiative were Doctors Community Hospital and Gary Michael/NAI The Michael
Companies Inc., which each gave $100,000 to hire an executive director.
"I think it is extremely important for an organization such as Doctors
Community Hospital to reinvest back into its community...," says Philip B. Down,
the hospital's president and a member of the University of Maryland College Park
Foundation. "As this program continues to mature, I want to ensure that it is
self-sustaining and continues to benefit our youth and contribute to an improved
quality of life in Prince George's County."
The idea is to make permanent the institute's outreach efforts, which include
school-specific teacher training initiatives, mentoring and after-school and
other support programs. Carey is also working on providing an endowed chair
through the PepsiCo Foundation, which would enable the institute to research,
implement and analyze the success of support programs in Prince George's
schools.
Read more about Al Carey
in the spring 2007 issue of Smith Business magazine.
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