News

Henry and Marilyn Taub Foundation Pledges $1 Million to William Paterson University in Wayne for Scholarships

—Donation marks largest single gift specifically for scholarships in University history

The Henry and Marilyn Taub Foundation has made a significant investment in the future of students at William Paterson University by pledging $1 million to establish the Henry Taub Scholars Program. The donation marks the largest single gift specifically for scholarships in William Paterson University history.

The grant award will provide $250,000 per year for four years for scholarships covering tuition and fees for students with financial need, providing critical support for between 30 and 50 students. The foundation grant will supplement any other scholarships or grants students may receive. The first scholarships will be awarded to members of the incoming fall 2015 freshman class.

“This is truly a transformative grant for our students,” says Kathleen Waldron, president of William Paterson University. “We recognize that paying for college is a major burden for many of our students and their families, who rely on state and federal support, loans, savings, and full- or part-time jobs to pay for their education. This grant means that these students will not need to take on debt to pay for their tuition. We are most grateful to the Taub Foundation and members of the Taub family for this very generous gift in support of our students and for demonstrating their confidence in the quality of a William Paterson University education.”

Speaking on behalf of the family foundation, Steven Taub says, “This grant builds on our family’s long tradition of supporting quality education. We are pleased to partner with William Paterson University to make a college education possible for more students.  We have named the program after my father, Henry Taub.  He was the first in his family to attend college, as many of these students will also be.” 

Henry Taub (1927 -2011) was born and raised in Paterson, New Jersey.  In 1949, he founded a small business, Automatic Payrolls, to fulfill the need for accurate payrolls in Paterson businesses. That firm grew into ADP, which is now one of the largest providers of business outsourcing solutions, serving businesses in 125 countries.  

In 1967 Henry and his wife Marilyn started The Henry and Marilyn Taub Foundation.  The foundation’s long-held interests are in strengthening the community, enhancing education, and supporting health research. A continuing focus of the foundation is on local communities in Bergen and Passaic counties, in areas with the greatest needs, including Henry Taub’s hometown of Paterson. 

William Paterson University is a leading public university in New Jersey with more than 11,000 students enrolled in undergraduate and graduate academic programs offered by five academic colleges: Arts and Communication, Cotsakos College of Business, Education, Humanities and Social Sciences, and Science and Health. Located on 370 hilltop acres in Wayne, the University offers a wide range of learning opportunities in its classrooms, laboratories and studios, and provides housing for nearly 2,700 students. The institution’s 404 full-time faculty are highly distinguished and diverse scholars and teachers, including 41 Fulbright scholars and recipients of numerous other awards, grants, and fellowships. The institution’s more than 67,000 alumni can be found throughout New Jersey, the nation, and the world.

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