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 Leona M. and Harry B. Helmsley Charitable Trust Endows
 $2 million to Scholarship Program at the Cornell University
 School of Hotel Administration

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Ithaca, NY, April 21, 2009 –The Leona M. and Harry B. Helmsley Charitable Trust has announced a $2 million gift to endow the Helmsley Scholarship at the Cornell University School of Hotel Administration. The scholarship will provide tuition support to approximately ten undergraduate students each year at the world’s first and best-known degree program in hospitality management education.

“We extend our deepest gratitude to the Helmsley Charitable Trust for this extraordinarily generous gift,” said Michael Johnson, dean of the school. “Financial aid is crucial to ensure that we maintain a diverse and talented student body that is prepared to serve our school and our industry. This gift will provide a tremendous lift as we work to meet that need.”

More than 60 percent of students at Cornell’s School of Hotel Administration currently receive some form of financial aid. Under the prospect of continuing economic uncertainty, school officials expect that the demand for aid will only grow.

“Our school must continue to attract new funding for scholarships,” Dean Johnson commented. “That is the only way we can honor Cornell’s historical commitment to need-blind admissions, secure the future of our students, and redirect resources to advance the school’s many other initiatives.”

Johnson also expressed gratitude to Takis Anoussis, general manager of the Helmsley Park Lane in New York City. A 1967 graduate of the Cornell School of Hotel Administration, Anoussis championed this generous commitment to Cornell and to future leaders of the hospitality industry.

About the Cornell School of Hotel Administration
The Cornell University School of Hotel Administration is shaping the global knowledge base for hospitality management through leadership in education, research and industry advancement. The school provides management instruction in the full range of hospitality disciplines, educating the next generation of leaders in the world's largest industry. Founded in 1922 as the nation's first collegiate course of study in hospitality management, the Cornell School of Hotel Administration is recognized as the world leader in its field. For more information, visit:  www.hotelschool.cornell.edu.

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Contact:

Nancy Knowles
 607.255.8702
 nsk2@cornell.edu
 

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Also See: The Statler Hotel, an Operating Unit of Cornell’s School of Hotel Administration, Undertaking a Bold Renovation of the Storied On-Campus Hotel / April 2008

Intercap Institutional Investors LLC Building a $30 million Hotel on the Campus of New Mexico State University, Las Cruces, New Mexico; Will Provide the School's Hotel, Restaurant and Tourism Program With a Teaching Laboratory / January 2008

Sage Hospitality to Renovate Historic Treat Hall on Johnson & Wales University's Denver Campus; Plans Include 55 room Full Service Hotel and Instructional Facilities / July 2003
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