In Mr. Rowan's Words

In Mr. Rowan's Words

In Mr. Rowan's words:

From Mr. Rowan's 2012 interview about the anniversary of the gift

On December 6, 2012, Mr. Rowan reflected on the 20th anniversary of his gift and the commemoration to be held on December 13, 2012, with the unveiling of the sculpture honoring him.

About giving to GSC

"Education is still the single most important means of changing a person's life. It is what made the difference for me and it's critical that our investment supports superior education for as many students as possible."

"I don't think of myself as a philanthropist. I made an investment in something I believe in. I challenged the people at Glassboro State to make a difference with the financial help we provided."

"I hope others see what we've accomplished at the university and follow with their own support. When I visited in 1991, I knew it was a college with good fundamentals and hard-working people. We provided the means to improve opportunities and raise standards. I'm pleased to see how everyone has responded to the challenge. It's a fine institution, well regarded."

About his perspective on the gift now

"It's been a very successful and enjoyable venture with the university. The progress has exceeded my expectations. Phil Tumminia [vice president for institutional advancement in 1992] gave me confidence that our gift would promote engineering as a career. He's a real genuine guy."

"The engineering building was in itself quite an accomplishment. They kept me involved in the planning and visited me in Rancocas with the designs. At first it was awful, just a plain box of a building on the athletic field. But we worked on it to make it distinctive. It had to show that it wasn't just a run-of-the-mill facility, inside and out."

"I enjoy hearing from students. They generally keep me advised of what they're doing. Some send me Christmas cards and I've had a lot of e-mail this year. It's gratifying to hear from the students and their families."

About the sculpture

"I wasn't keen on being cast in bronze at first, but I understand how it's a good idea for the university to commemorate what we did together."

"The process was quite fascinating, measuring my features and rechecking them after each stage in the clay. It's a bit strange to see oneself in 3D."

"I especially enjoyed visiting the foundry to see the bronze poured from our Inductotherm 1,000 lb. furnace. Having some of our family and Inductotherm team there to watch the pour was meaningful to me in that they don't get to see our equipment in action hardly at all."

"Zenos [Frudakis] has done a lot of sculpture and I understand he was eager to do this project because the furnace that we made would melt the bronze to "make" me."

Excerpts from Mr. Rowan's 1995 account of making the gift

In 1995, Henry Rowan published The Fire Within (Penton Publishing), a book detailing the creation and growth of his company, Inductotherm Industries, Inc., as well as his $100 million commitment to Glassboro State College.

Henry and Betty Rowan's generous gift in 1992 was the largest gift to a public higher education institution at the time. Below, excerpts from the book describe in Mr. Rowan's words what led to the record-breaking gift as he discussed the proposition with Glassboro State College Vice President for Institutional Advancement Philip Tumminia 20 years ago.

"At first, I wasn't inclined to give. 'I'm sure your college is worthwhile, Dr. Tumminia, but isn't Glassboro State College a state institution? I'm not inclined to donate to the state. I already do that every time I pay my taxes.'

'Oh, no, Mr. Rowan. You won't be subsidizing the government,' he began. 'True, the state of New Jersey provides operating expenses, but that's just to keep the college running, and maintain the status quo.

'But we want to build the college and improve it. That's what the Development Fund is for, raising our standards.'" (Page 383)

"'We have a generation of young people who have college degrees in Business Administration but know nothing about manufacturing or competing in world markets.

We should be teaching people how to build things, how to create real wealth, real jobs. Maybe we should be talking about industrial engineering, not business administration.'

Only, as Glassboro didn't have an engineering school, that seemed to end the discussion. But not my meetings with Tumminia, which continued on into September of 1991. It started out as another casual get-together, until I heard myself saying, 'Phil, I'm curious, but what would you and Glassboro do with $100 million?'

Tumminia looked stunned, as the sheer magnitude of the figure sank in. 'Now remember, this is just a whim,' I reminded him." (Page 386)

"I had been telling the truth when I told Tumminia my question was a whim, a rhetorical question. For that matter, though I'd been wondering what they might do with such a sum, I hadn't intended to suggest the possibility of such a gift. I certainly wasn't ready to commit myself to making another contribution to Glassboro State. But at the same time, I had been doing a lot of thinking. About myself, about my company, and about money, and what it could—and should—be used for." (Page 386)

"It was a quandary. I couldn't spend the money. I couldn't take it with me. I had no taste for ostentation or expensive living. There was, however, another option: I could direct it where it would do the most good for the most people.

Once one embarks on this line of thinking, of course, the possibilities are endless. Some wealthy men have endowed museums of natural history or of modern art; others, hospitals, wildlife preserves, or shelters for the homeless.

I wanted to do something consistent with my life's work. Inductotherm had never been just a way to make money; I had always wanted a company that stood for something. Integrity. Progress. Opportunity." (Page 388)

"And where did all of this begin? With education. It had been my schooling at MIT that had instilled in me the capability, such as it was, to create and grow Inductotherm. In the years that followed, the people who joined us were schooled all over again in the Inductotherm way of thinking.

Thus, if I were to succumb to the philanthropic impulse, it seemed logical that I support the cause of education. Of course, I had no particular ties to a school like Glassboro, with the exception of that $1,500 contribution. Meanwhile, my own alma mater was in the middle of a major fund raising effort aimed at raising $750 million. But there was a big difference between MIT and Glassboro." (Pages 388-389)

"But for an alumnus of a well-known school to endow a less prestigious institution, well, it just wasn't done.

Nonetheless, I had a two-fold interest in Glassboro State College. The student body was drawn, in the main, from the state where I had lived and worked almost all my life. It was a state whose people had been good to me, my family and to Inductotherm. No doubt some of my own employees had sons and daughters and grandchildren earning degrees at the college.

Then, too, it was a no-frills kind of college, a place to roll up your sleeves and get down to work. Not unlike MIT, in that respect. Yet, how much of a difference could I make at MIT? Oh, my alma mater would have put the money to good use. Of that, I was certain. Yet, where would my money have the most impact? Where would it actually change people's lives?" (Page 389)

"[Tumminia] was aware, too, that what he was asking of me had never been done before. Nobody had ever given so much money to a public college; if I were to grant Glassboro State $100 million, he had advised me, it would establish a new high-water mark in American education, as it was almost twice as much as the record $51 million that had been given to the University of Houston a few years earlier." (Pages 390-391)

"The person I turned to, as my ideas crystallized, was the one who'd been my comfort and strength throughout the years, my wife. Much to my surprise, Betty took it all in stride; it was as if she had been reading my mind these past few months. 'Well, we certainly have more than we need,' she responded, after thinking it over for a few moments, 'We can't eat it, we can't wear it, we can't take it with us and, the way you and I live, we can't spend even a little of it. So I think it's a great idea.'" (Page 394)

"How would this affect Inductotherm's employees? Any funds directed to outside philanthropy would be diverted from profits I had heretofore shared with my work force, via the profit sharing trust we had established in 1957.

Only, what if a gift could benefit Inductotherm employees, as well as the college? What if a portion of the endowment were set aside for scholarships for the children of Inductotherm employees to attend Glassboro State College, with the cost of tuition, books and fees paid for out of this fund? Wasn't this—ensuring their children's future—what everyone wanted? And what could ensure a young person's lot in life more than a top-notch education?" (Page 394)

"But $100 million! Now, that was a challenge. Perhaps the biggest I had ever undertaken. To deliver on this promise would take every bit of energy and determination I possessed and would make sure that I couldn't let down. I'd be tied to my company and my job—a job I dreaded leaving, for years to come.

And so, I decided to do it." (Page 395)

"On the morning of July 6, 1992, a buzz of expectation filled the auditorium at Glassboro State College as Betty and I climbed the stairs to the stage where New Jersey governor James Florio, college president Dr. Herman James, Phil Tumminia, vice chairman of the Board of Trustees Steve Weinstein, and the state chancellor of higher education Edward Goldberg awaited us. Once seated, we looked out into an audience of students, faculty members, administrators, plus TV cameras and reporters.

The audience fell quiet as Dr. James strode to the microphone and thanked everyone for coming, then broke the momentous news: 'This morning, I'm pleased to announce that Henry and Betty Rowan and Inductotherm Industries have pledged to us a gift of $100 million.'

At this, the auditorium thundered with applause and cheers. There was another round of applause—mixed with appreciative laughter—when he noted, with deadpan good humor, 'When you receive a gift of $100 million, a simple 'Thank you' hardly seems enough. Therefore, the first thing we'll do is take the steps necessary to change the name of this college to Rowan College of New Jersey,'

So there it was. I had not only my engineering school, but also my next challenge—living up to this commitment, the commitment that would, in Dr. James' words, transform this institution from 'a small state college of moderate means into an internationally acclaimed institution of higher education." (Pages 395-396)

"'I did it because I feel that education is the foundation of society, and engineering is vital to the education process.

Betty and I also wanted to give something back to New Jersey, and we're delighted to be able to do this. We hope it goes a long way towards strengthening New Jersey in the hierarchy of states, and strengthening the values of the people in the State.'" (Page 396)

"When the press conference was over, the stage was mobbed by excited students and faculty members, all of them eager to thank us close up, and to shake our hands; their gratitude and enthusiasm were touching." (Page 396)

"The truth is, endowing Rowan College has been a terrifying decision for me to make. But as I've learned, it's been nothing like that. Rather than a sense of loss, my gift to the college has been a tremendous personal gain. And instead of it becoming a burden, my pledge has given new purpose to my life and revitalized my work. I've often thought as I've watched the streams of fresh molten metal pouring from my furnaces that they were casting a better life for the enormous segment of the emerging population that had not yet enjoyed the benefits of industrialization. Now I can envision a procession of bright, energetic young men and women moving out to create things of enduring value, to create and improve the world they live in.

It's exciting to drive through the college, where a new library is rising next to the old one, and see the sign of expansion and improvement everywhere. The students, too, seem to feel that they're part of something unique, and a new spirit has settled in." (Pages 405-407)

"If I have one wish for the college, it is that the students who benefit from the success we've achieved at Inductotherm go forth to build on our achievements. To do this takes more than engineering skills; it takes hard work, commitment, and the willingness to take risks. And sometimes, a little luck." (Page 408)