Cedarville University photo
CEDARVILLE, Ohio (BP) -- Cedarville University received the largest financial commitment in its 132-year history Monday (Oct. 7) when Mark Scharnberg, a 1997 graduate, pledged $10 million on behalf of his family and their companies Katecho, Inc. and Surmasis Pharmaceuticals of Des Moines, Iowa. The gift was in honor of Scharnberg's father, Lorne C. Scharnberg.
The gift was announced as a surprise to the senior Scharnberg during the president's annual State of the University chapel address in the Friday morning. Lorne Scharnberg was in attendance to receive Cedarville's prestigious medal of honor, celebrating his significant contributions to the institution and his 25 years of service on the Cedarville Board of Trustees. Scharnberg is just the 14th recipient of the medal, the last recipient being Rev. Franklin Graham, president of Samaritan's Purse and son of the late Billy Graham, in 2012. Read More