Penn State Athletics announces third Beaver Stadium Founders Gift

$10 million donation from Blue and White Society member

Penn State Athletics has announced a $10 million donation from a Blue and White Society member to support the construction of a new football stadium. The donation is the third Founders Gift for the project, which is expected to cost $120 million.

New stadium will be named in honor of founder John "Jack" Beaver

The new stadium will be named in honor of John "Jack" Beaver, who founded the Blue and White Society in 1966. Beaver was a lifelong supporter of Penn State Athletics and served on the university's Board of Trustees for 25 years.

Previous Founders Gifts

The first two Founders Gifts for the new stadium were announced in 2022. The first was a $15 million donation from an anonymous donor, and the second was a $10 million donation from the family of former Penn State football coach Joe Paterno.

New stadium will be a state-of-the-art facility

The new stadium will be a state-of-the-art facility that will provide a world-class experience for fans. The stadium will feature a new seating bowl, a new press box, and a new concourse. It will also be equipped with the latest technology, including a new video board and a new sound system.

New stadium will be a major economic driver for State College

The new stadium is expected to be a major economic driver for State College. The project is expected to create hundreds of jobs and generate millions of dollars in revenue for the local economy.

Construction is expected to begin in 2024

Construction on the new stadium is expected to begin in 2024 and be completed in time for the 2026 football season.