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News

$3.5 MILLION DOLLAR BEQUEST BENEFITS BERKS COUNTY BUSINESS STUDENTS

Albright College has received a $3.5 million bequest from the estate of Berks County native Ella E. Rist of Wyomissing, Pa. The gift will endow the Charles A. Rist '51 Family Scholarship for Berks County students in the top 10 percent of their class who wish to pursue an education in business at Albright College. The bequest is the largest bequest in the College's history.

Ella Rist, who died in 2006 at the age of 82, was the widow of Charles A. Rist, an Albright business major who graduated in 1951. In her will, she followed her husband's wish that Albright College receive their estate. She had previously established the Charles A. Rist '51 Family Scholarship with a $25,000 gift in 2002, and the bequest will now create an endowment for the scholarship.

According to Gregory E. Eichhorn, vice president for enrollment management, "the scholarship will be a valuable new resource to help make the College more accessible and affordable to local students who plan to study business. We hope this wonderful gift will increase the number of Berks students attending Albright." Albright currently has 272 students from Berks County, including 65 first-year students who entered in fall 2006.


ALBRIGHT COLLEGE FINANCE GRADUATE INSTRUMENTAL IN MULTIMILLION DOLLAR YOU TUBE DEAL

Brent Hurley '01 finance/philosophy, surprised his former professor Dr. David Martin with the news that he had decided to leave a finance firm and join his brother in setting up a new web enterprise based on uploaded videos. Well, that was September 2005 and the company was called YouTube.

In November 2006, YouTube was bought by Google for a hefty 1.65 million dollars. Brent was a one-man finance department for YouTube and was influential throughout the acquision.

Click here to read more about Brent and his success.


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