9/2/2003

Contact: K.E. Schwab  -- 724-738-2199;  e-mail: karl.schwab@sru.edu

 SRU BENEFACTOR, HONORARY DEGREE RECIPIENT, STANLEY KRAUS DIES

          SLIPPERY ROCK, Pa. – The man for whom Slippery Rock University’s Kraus Hall is named, a recipient of an honorary doctor of laws degree from the university and a generous donor to The Rock, Stanley Kraus died Aug. 27 in a Boca Raton, Fla., hospital. Originally from New Castle, he had most recently made his home in Florida. He was 81.

          In learning of his death, Interim President Robert Smith said, "Slippery Rock University has lost one of its greatest friends. Mr. Kraus was a gentleman and a leader in every way. He always appreciated the work ethic of students, faculty and staff. Although not a Rock graduate, he was a longtime University benefactor contributing more than $1 million, and I am sure his ideals and the impact of his charitable giving will continue to positively influence Slippery Rock University."

           While living in western Pennsylvania, Mr. Kraus was a leader in real estate development in nearby New Castle. He was also active in university affairs, including service as a member of the board of directors of the Slippery Rock University Foundation, Inc., and as a member of the President's Advisory Council. He was presented an honorary doctor of laws degree at the university’s 1996 December commencement ceremonies in recognition of his outstanding leadership both on campus and in the region. In receiving the award, Mr. Kraus said, “The more I learn about Slippery Rock University, the more I have come to appreciate its leadership and its students. It is a great place to live, to work and to study.”

           In addition, he was a recipient of the Eberly Medal for Philanthropy from the Pennsylvania State System of Higher Education for his generous contributions to Slippery Rock University. Mr. Kraus’ support of the university reflected his fondness for the institution.

          What is known today as Kraus Hall was originally built as a student apartment building and later turned over to the university as part of his real estate development projects. Most recently, he gifted property in Sharon, Pa., that was converted to cash in support of "The Campaign for Slippery Rock University," the university's current capital campaign. An earlier real estate gift continues to provide funds for five annual SRU scholarships.

          Business leaders from throughout the New Castle area praised his honesty and dedication in a front-page news story detailing his life carried in the April 29 edition of The New Castle News.

          Among others, he leaves his wife, the former Marilyn Denbert, two daughters, Lisa McCaskey of New Castle Merry Beth Kowalczyk of Chicago; a son, Dr. Eric Kraus of Greensboro, N.C.; and nine grandchildren. Services were held in Boca Raton.

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