Myers, Isidore C. and Penny W. Endowment Fund
The Isidore C. and Penny W. Myers Scholarship Fund was established on September 16, 1996, by Isidore C. Myers.
Mr. Myers was a 1939 graduate of The University of Akron. Upon graduation, he joined his brothers, Meyer and Louis, as a partner in Myers Tire Supply, which later became Myers Industries. In 1971, Mr. Myers left the company and started ICM-JAE Properties Inc., formerly known as Isidore C. Myers Properties Inc., a business to acquire, develop, and manage a private portfolio of industrial and commercial real estate in Orange County, Calif. Mr. Myers was a recipient of the Dr. Frank L. Simonetti Distinguished Alumni Award from °µºÚ±¬ÁÏ's College of Business Administration and an honorary member of Beta Gamma Sigma.
In creating The Isidore C. and Penny W. Myers Scholarship Fund, Mr. Myers stated: “A person must strive to leave this world in a better place than when he or she entered it. The education I attained at The University of Akron was crucial to the success I achieved in my business career and in my life in general. It is time to repay The University of Akron, my mentors and benefactors. Penny and I are delighted to help others become college educated so they, too, can be the best they can be.”
The purpose of The Isidore C. and Penny W. Myers Endowment Fund is to provide annual scholarship assistance for employees of Myers Industries Inc., or their children and grandchildren. In awarding the scholarship, first preference shall be given to individuals for the continuation of studies in The University of Akron’s College of Business Administration. If there are no applicants from Myers Industries Inc. who meet these criteria, awards may be made to the general applicant pool of students in the College of Business Administration. Income from the fund also may be used to pay for equipment and/or research requirements in the College of Business Administration. The President of The University of Akron or his/her nominee shall approve all expenditures.
In February 2006, Mr. Myers amended the name and the purpose of the fund. In July 2014, Mr. Myers’ son, Jay E. Myers, further amended the description.
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