Stamps Family Charitable Foundation Forty Acres Scholarship
Inspired by the impact that their own university experiences had on their lives, Penelope W. and E. Roe Stamps IV created the Stamps Family Foundation to support exceptional students in pursuit of higher education. The Stamps have worked with great universities to create programs offering enriched educational experiences for Stamps Scholars, in hopes that today’s Stamps Scholars will become mentors and supporters of the next generation of promising young students.
E. Roe Stamps IV received a bachelor’s degree in 1967 and master’s degree in 1972 in industrial engineering from Georgia Institute of Technology. He also received a master’s degree in business administration from Harvard Business School in 1974.
The South Florida financier has had a remarkable career as a venture capitalist and is a co-founder and managing partner of Summit Partners in Boston. He is a member of the Audit Committee and Intrepid Fallen Heroes Fund. In 2004, he was awarded the Outstanding Service Award by the National Venture Capital Association for his work to engage the industry in public policy discourse and to raise awareness of venture capitalism’s contributions to the U.S. economy.
Since relocating to South Florida in the early 1990s, Penelope W. Stamps has devoted her time to charitable causes. She has served on boards of private elementary and secondary schools, as well as various community and arts organizations in the area.
She is president of the Stamps Family Charitable Foundation which supports the Stamps Scholars Program at various universities, including her alma mater, the University of Michigan, where she received her degree in the School of Art & Design in 1966. Her philanthropic interests include higher education, animals and the environment. A former interior designer, her personal interests include antique collecting, garden design, travel, and her dogs and cats.
The Stamps Family Charitable Foundation provides half the cost of the scholarship and is matched by donors.