A Cedarville University alumnus is pledging to make a $10 million donation the college, the biggest in the school’s 132-year history.
Mark Scharnberg, a 1997 Cedarville graduate, is making the donation, according to the university. Scharnberg is president of Katecho and Surmasis, which are both based in Des Moines, Iowa. Katecho is a medical manufactring company while Surmasis is a pharmaceutical manufacturer.
Scharnberg’s donation was made in honor of the companies and Lorne Scharnberg, who is the founder and CEO of the two businesses, according to the university.
Cedarville now plans to name a new building on campus after Lorne Scharnberg, who previously served as chairman of the school’s board of trustees. Cedarville’s upcoming business and conference center is the building that will bear Lorne Scharnberg’s name, according to the school.
The building will be located on the campus’ Cedar Lake between the Stevens Student Center and the Dixon Ministry Center, according to the school. The university plans to start Architectural planning this spring.
“I am thrilled to announce that our new school of business building will be named the Lorne C. Scharnberg Business Center,” said Cedarville president Thomas White. “For years to come, there will be a stone of remembrance on this campus to celebrate all that Lorne Scharnberg and his family have done to further the mission and vision of Cedarville University.”
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