USA Funds, Fred and Judy Klipsch Honored At Annual Scholarship Dinner on October 13

by John Armitage | Nov 27, 2012
The 19th annual Mary McNulty Young '47 Opportunities for Excellence Scholarship Dinner is Thursday, October 13, 2011.
What does it take to change a life? It takes an investment in education; specifically, a Marian University education. The 19th annual Mary McNulty Young '47 Opportunities for Excellence Scholarship Dinner is Thursday, October 13, 2011. This event will raise over $1.2 million for student scholarships. The generosity of corporate and individual sponsors and more than 800 attendees helps the university provide financial resources to students so they can achieve their educational goals. During the program, the university will present Franciscan Values Awards to: Fred S. and Judy Klipsch Community Leaders Fred S. and Judy Klipsch purchased Klipsch & Associates, a world-class speaker company headquartered in Indianapolis from Paul W. Klipsch in 1989. Fred served as president and chief executive officer, while Judy established the company’s marketing and advertising functions. Today, Fred is chairman and chief executive officer of Klipsch Group, Inc. Klipsch Group owns and markets the Klipsch, Mirage, Jamo, and Energy brands. The company was purchased by Audiovox in 2011. Fred has owned and operated several companies in the healthcare industry since 1980. In 2002, he successfully executed an initial public offering of Windrose Medical Properties Trust (NYSE:WRS), a healthcare real estate investment trust (REIT), and merged with Health Care REIT (NYSE:HCN) in 2006. He received the Central Indiana Business Hall of Fame award in 2006; named Ernst & Young Entrepreneur of the Year in 2000, and is active in the World President’s Organization. He is a former chairman of the Indiana Young Presidents Organization. The Klipschs are active philanthropists with a deep interest in education. They have been at the heart of the school choice movement in Indiana. Fred is chairman of School Choice Indiana, Hoosiers for Economic Growth, Educational Choice Charitable Trust, and Education Committee for the Indiana Chamber of Commerce. Judy is an arts advocate who has served on the boards of various organizations that support and promote films and music. Judy has bachelor of arts and bachelor of science degrees from Ball State University; Fred has a bachelor of science degree and an honorary doctorate from Purdue University, where he serves on the President’s Council and is a member of the John Purdue Club. He also earned an MBA from California State College at Long Beach. USA Funds Business/Organization USA Funds® is a nonprofit corporation that works to enhance postsecondary education preparedness, access, and success by providing and supporting financial and other valued services. Founded in Indianapolis in 1960 to help families finance the cost of higher education, the organization has served more than 22 million students and parents and thousands of colleges and universities nationwide. During the past decade, USA Funds provided more than $100 million in scholarships to low- to moderate-income students and in grants to nonprofit organizations to improve student access to and success in higher education. USA Funds-supported initiatives have helped students qualify for financial aid to help pay college costs, increased college-going rates in low-income communities, provided funds for minority and disabled students to pay for college, and given families of middle school students a better understanding of the benefits of higher education and the steps they need to take to prepare their children for education or training after high school. USA Funds also delivers services to colleges and universities to enhance the success of their students. USA Funds consultants help campus staff develop and implement programs to minimize student loan debt, promote successful student loan repayment, and encourage student completion of their academic programs. For example, USA Funds Life Skills personal finance curriculum teaches students the basics of budgeting, managing credit, following an academic plan to complete college on time, and obtaining employment following graduation. USA Funds’ goal is to ensure that students reap the full rewards of their higher education. Those rewards include better job prospects, higher lifetime earnings, lower rates of unemployment, better health, and greater community and social engagement than those who lack college degrees.

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