Lake Erie College receives $1 million gift from Osborne
Receiving several major gifts in recent months, Lake Erie College has ended the year with another significant donation – a $1 million unrestricted gift from Jerome T. Osborne, Sr.
In honor of Osborne’s donation, the College’s current Athletic & Wellness Center will be renamed The Jerome T. Osborne Jr. Athletic Center. Some members of the campus community have already dubbed the center the “O.” A formal dedication ceremony will take place in early 2008.
“We’re delighted to be the recipients of the Osbornes’ generosity,” said President Michael T. Victor. “Having a prominent name such as Osborne on an important facility on campus will give the building a new identity.”
Osborne, who received a Doctor of Humane Letters degree from the Lake Erie in May, has served the Lake County community for many years as a visionary leader, accomplished businessman and philanthropist. In 1947, Osborne founded the Osborne Coal and Feed Co., which supplied coal, aggregates and agricultural lime to residents and farmers in the Mentor area. Osborne, Inc. has since grown to multiple companies serving the residential, industrial and commercial needs of customers throughout northeast Ohio.
Chairman of the board of Lake National Bank and the Andrews Osborne Academy, he is also a former member of the board of directors at Lake Erie. Additionally, he has been involved with other organizations including the Boy Scouts, Scleroderma Foundation, Ohio Horseman’s Association and Breckenridge Village.