"Roger's strong work ethic and determination to reach his goals is admirable and inspiring," said Byron Trott, president, Horatio Alger Association and 2011 Horatio Alger Award recipient. "My fellow Members and I congratulate Roger on his induction into the Association, recognizing his self-made success, entrepreneurial vision and commitment to giving back. We look forward to working with him to further encourage our Scholars to follow their dreams, no matter the adversities they face."
Mr. Penske is an active philanthropist with a special focus on supporting the city of Detroit. In 2006, he chaired the Host Committee for Super Bowl XL held in Detroit, which led to his leadership of other initiatives to support the ongoing renaissance of the city. Projects such as Downtown Detroit Partnership, Clean Downtown, M-1 RAIL and a successful effort to raise $8 million of private funding for new police and EMS vehicles are among the many programs that have benefited from his leadership.
"It is a privilege to receive the Horatio Alger Award alongside 10 remarkable men and women," said Mr. Penske. "I was fortunate enough to have a strong support network growing up and I learned the importance of believing in yourself and having the courage to take the first step toward your dream. We are all stronger and more capable than we think, and I hope to convey that message to as many young people as possible through my work with the Association."
Through its Members, Horatio Alger Association aims to educate young people about the limitless opportunities afforded to them by the free-enterprise system. To further this goal, the organization awards scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities. Like Association Members, Horatio Alger Scholars have faced significant adversities, but have also displayed unmatched resilience in overcoming their challenges. Since the scholarship program was established in 1984, Horatio Alger Association has provided more than $125 million to students in need. Scholarships are funded solely through the generosity of Association Members, Life Partners and friends.
Mr. Penske and the Member Class of 2017 will be formally inducted into the Association on March 30-April 1, 2017, during the Association's 70th Horatio Alger Award Induction Ceremonies in Washington, D.C. The annual three-day event honors the achievements of both Members and National Scholars, affording both groups the opportunity to meet and interact, exchanging stories of hardships and triumphs.
For more information about Horatio Alger Association and its Member Class of 2017, please visit www.horatioalger.org andfollow the organization on Facebook, Twitter and Instagram using the hashtag #HoratioAlgerAward.
About Horatio Alger Association of Distinguished Americans:
Founded in 1947, the Horatio Alger Association of Distinguished Americans, Inc. is dedicated to the simple but powerful belief that hard work, honesty and determination can conquer all obstacles. The Association honors the achievements of outstanding leaders who have accomplished remarkable successes in spite of adversity by bestowing upon them the Horatio Alger Award and inducting them as lifetime Members. Horatio Alger Members support promising young people with the resources and confidence needed to overcome adversity in pursuit of their dreams through higher education. Through the generosity of its Members and friends, the Association awards more than $12 million annually in undergraduate and graduate need-based scholarships across the United States and Canada and provides college support and mentoring services to its Scholars. Since 1984, the Association has awarded more than $125 million in college scholarships to more than 25,000 deserving young people. For more information, please visit www.horatioalger.org.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/penske-corporation-chairman-and-renowned-philanthropist-roger-s-penske-to-receive-2017-horatio-alger-award-300373719.html
SOURCE Horatio Alger Association of Distinguished Americans, Inc.