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10/14/2008 11:38 AM ET
Steinbrenner Foundation pledges $1 million gift to MIT athetics
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CAMBRIDGE, Mass. -- The Steinbrenner Foundation, which helped shape the outdoor landscape at MIT over 30 years ago with a gift leading to the construction of the Institute's most prominent athletic venue, has made another generous pledge as MIT continues to celebrate the legacy of Henry G. Steinbrenner '27. The gift will aid in the construction of a new entrance and pathway from Vassar Street to Steinbrenner Stadium and will also include lighting, seating and a new press box.

"The legacy of the Steinbrenner connection to MIT lives on through this generous gift from the Steinbrenner Foundation," said Director of Athletics Julie Soriero. "This provides us with funding to upgrade our stadium seating, access areas and working press box. This will vastly improve Steinbrenner Stadium as it currently exists, making it an outstanding venue in which to compete or watch a game. We are appreciative of the continued generosity from the Steinbrenner family."

"It is our honor and privilege to ensure that future athletes, fans, and the entire MIT community will be able to continue to enjoy the Steinbrenner Stadium for generations to come," added George M. Steinbrenner III.

Henry G. Steinbrenner received the bachelor of science degree in naval architecture and engineering from MIT in 1927 and at the same time won the American Bureau of Shipping Award for outstanding achievement as a scholar. A two-time track and field All-American, Steinbrenner became the first MIT student-athlete to win a national title after winning the low hurdles championship in record time during his senior year.

In 1977, George Steinbrenner III and his sisters, Susan and Judith, provided MIT with a significant contribution for the construction of an athletic stadium in honor of their father. The commitment was announced at MIT's annual Alumni luncheon in support of the Class of 1927's 50th Reunion Gift.

For most of his professional career, Henry G. Steinbrenner served as president of the family-owned shipping line, The Kinsman Marine Transit Company. The naming of the Stadium in his honor was a testimonial to his athletic and academic achievements as an undergraduate and his professional achievements as an American industrial leader.

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