Poorman Family Establishes Immediate Business Scholarships at LHU

January 21, 2014- The Lock Haven University Foundation is pleased to announce the establishment of two annual scholarships for students majoring in business. The “Poorman Female Entrepreneurial Leader Scholarship” and the “Poorman Freshmen Business Scholarship” have been established by Pamela Fisher Poorman and her husband, Stephen Poorman, an entrepreneur and former concert musician.

While Mr. Poorman studied both business and music at Elizabethtown College and obtained his Master’s Degree from Norwich University, he attended numerous classes at Lock Haven University. Mr. Poorman performed keyboard concerts throughout the east coast and brought those shows to our Price Performance Center during his four year music career. He recently supported the University’s Steinway piano program.  

The “Poorman Female Entrepreneurial Leader Scholarship” will provide a scholarship for a female upperclassman at Lock Haven University majoring in business, who is a Pennsylvania resident with a grade point average of at least 3.0. The “Poorman Freshmen Business Scholarship” will be provided to the chosen recipient matriculating at Lock Haven University as a freshman majoring in business, who is a Pennsylvania resident with a 3.0 grade point average.

In addition to the two scholarship funds, the Poormans have also donated to the Business Progress fund. Dr. Steven Neun, Dean of the Stephen Poorman College of Business, Information Systems, and Human Services, will allot the donations as deemed appropriate. “Both of these scholarships are fantastic because they give Lock Haven University an opportunity to impact student’s lives”, says Neun. 

“The “Poorman Female Entrepreneurial Leader Scholarship” will serve to both inspire and empower a female student at Lock Haven University to turn a dream of becoming an entrepreneur into a reality.  I cannot think of a more worthwhile cause.  The “Poorman Freshmen Business Scholarship” encourages education and higher leaning and will provide our students the opportunity to pursue a worthwhile career in the field of business.  These scholarships are so important because they insure that Lock Haven University plays an active role in developing the emerging business minds of the future.

Mr. Poorman’s keen business sense began in his early teens. Before obtaining his college degree, he combined his love of business and music to open his first music store known as The Big Red Note. This one store, located next to The Lock Haven Express, grew to the ninth largest full-line music

store chain in the country and Elizabethtown College named Poorman it’s “Most Enterprising Graduate” in 1982. Through the years, Steve amassed various real estate holdings in several states, many of which are on the National Register of Historic Places. Mr. Poorman is well known in the Lock Haven area as an entrepreneur, and he and his wife graciously give back to their community.

Dr. Cori Myers, Department Chair of Business & Computer Science, expressed her gratitude for the establishment of the Poorman scholarships. “On behalf of the Business faculty, I want to express my sincere appreciation for this tremendous gift.  Our faculty meet often with talented students who are searching for ways to solve their financial challenges or must leave the University.  The Poorman’s generous donation will help students reach their educational goals as well as fund special initiatives that enhance the Program’s learning environment.  Steve’s generosity to our Program extends well beyond this contribution to pursuing a passion for mentoring students and guest lecturing about the real world of business. We appreciate all of the gifts that he so willingly has given over the last several years.”

“Steve Poorman is a friend of mine, and I know two things about him”, said Jim Gregory, President of the Lock Haven University Foundation Board. “He is a successful business man and he loves the city of Lock Haven. We are very pleased that he has combined these two pursuits into an important gift to fund the business program at Lock Haven University. Steve’s philanthropy will help to both recruit and retain business students at The Haven. It is a real testament to the faculty that he has decided to invest in the program, and we want to thank him for his gift.”

The establishment of the “Poorman Female Entrepreneurial Leader Scholarship” and “Poorman Freshmen Business Scholarships” will allow others to follow their passions as they follow in his footsteps in a business major. Mr. Poorman said, “In reality, these gifts come to us. My wife and I recently received a letter from Danielle Miller, who was awarded the “Poorman Entrepreneurship Scholarship” that we established at Elizabethtown College several years ago. She wrote that my class lectures and our financial support gave her the tools and confidence to acquire real estate at her young age. Within two years after graduation, she developed her first portfolio and secured her own commercial financing. This heartfelt letter, coupled with an opportunity to do the same for students here in Lock Haven, are the real gifts that Pam and I receive from young people who simply need a road map to navigate the business jungle. I’ve watched LHU achieve major strides in many of their departments and we are honored to be a part of the achievements.”

Lock Haven University is a member of the Pennsylvania State System of Higher Education (PASSHE), the largest provider of higher education in the commonwealth. Its 14 universities offer more than 250 degree and certificate programs in more than 120 areas of study. Nearly 405,000 system alumni live and work in Pennsylvania.