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Daniel Fultz ’57, a fellow board member, remembers

hearing the news of Shangraw’s appointment for

the first time. “Bob worked at Merrill Lynch, and I

was thinking, ‘What the heck does a stockbroker

know about being chairman of the board?’ But

I have seen a lot of board chairs come and go,

and I have to say that Bob is right up there with

Robert Rich-who helped turn Lycoming into

a four-year school-as chairs that have had the

biggest influence on the College.”

One place where Shangraw had the

most resounding impact was in growing

Lycoming’s endowment. “Under Bob’s

leadership, we determined that we

wanted to reach a $100 million

endowment,” Fultz recalled. “It was

a hell of a long way, but with the

new president at that time, James

Douthat, they pulled it off.”

“Bob and I took office on the

same day in 1989,” said Douthat.

“We had roughly a $15 million

endowment at the time. When

Bob and I took office on the same day in 1989.

We had roughly a $15 million endowment

at the time. When Bob retired from the board,

we had over $100 million.

Left to right: Bob Shangraw looks over the construction of the

Shangraw Athletic Complex during the spring of 1998, Shangraw

and President Emeritus James Douthat.

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