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Endowment to Help Extend the Spirit and Values That Defined His Life
ROSELAND, N.J., Feb. 18, 2014 /PRNewswire/ -- ADP® announced it has created a scholarship endowment in the amount of $300,000 in memory of one of ADP's founders, the late Sen. Frank R. Lautenberg, through the Rutgers University Foundation. ADP will award the scholarships in $10,000 increments for 10 students, renewable for two academic years following the initial grant.
"We are enormously grateful to the ADP Foundation for so generously honoring the legacy of the late Senator through the ADP-Frank R. Lautenberg Scholarships at Rutgers University," said Nevin Kessler, President, Rutgers University Foundation. "Lautenberg's commitment to affordable education and to our great state of New Jersey was truly exceptional. Supporting the dreams and aspirations of promising young people in need has never been more important, and thanks to this exceptional gift, Rutgers University students are proud beneficiaries."
The fund is named for the late Sen. Lautenberg to honor his values and commitment to affordable education for those living in his home state. Lautenberg received his education through the assistance of the GI Bill after World War II and went on to become a well-known and dedicated leader in business and government.
"With this endowment, ADP hopes to extend the values and principles that made Senator Lautenberg such a remarkable man," said Carlos Rodriguez, president and CEO at ADP. "We think he would take pride in giving another generation of deserving and hard-working young people a chance to make a better life for themselves and their communities. In this way, Sen. Lautenberg's spirit will remain alive and well at ADP and in New Jersey for many years to come."
With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and human capital management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP visit the company's Web site at www.adp.com.
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