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O. Richard Bundy III '93, formerly President and Chief Executive Officer of the University of Vermont Foundation, was named Vice President of Development and Alumni Relations at Penn State, effective January 1, 2017.

Bundy succeeds Rodney Kirsch, who during his 20-year career at Penn State attained $4.4 billion in new private support for the University while leading two, seven-year, billion-dollar-plus capital campaigns. Kirsch announced his retirement in March.

“Rich’s energy and fresh perspective are exactly what Penn State needs as we prepare to launch our upcoming capital campaign,” said Penn State President Eric Barron. “Our alumni and friends are passionate advocates of Penn State and its mission, and it takes an equally passionate leader to engage with them and convey our most fundamental needs. Not only does Rich possess that passion, but he shares our collective vision to enhance Penn State’s impact, both here and beyond.

A Penn State alumnus who began his career in public higher education fundraising at the University, Bundy brings more than 20 years of experience to his new role. At Vermont, Bundy oversaw the establishment of the University of Vermont Foundation, a separate, institutionally related 501(c)(3) organization, which has enjoyed six successive years of record fundraising since its establishment in 2011. He also provided oversight and management of all aspects of Vermont’s fundraising and alumni relations programs, including leadership toward the successful execution of the university’s current eight-year, $500 million campaign, “Move Mountains.”

Before joining the University of Vermont in 2010, Bundy spent more than a decade working in development at Iowa State University (ISU), ultimately serving as vice president for development at the ISU Foundation. In this role, Bundy oversaw nearly all of Iowa State’s fundraising activities, including serving as campaign director for “Campaign Iowa State,” the university’s successful eight-year, $800 million comprehensive campaign that ended in 2011.

Previously, Bundy served as associate director of development for the Eli Broad College of Business at Michigan State University from 1997 to 2000. Bundy was assistant director of annual giving at Penn State from 1995 to 1997, during which time he managed the Lion Line program.

“Penn State is unquestionably one of the leading public universities in the nation, with far-reaching impact, a passionate alumni community, and an exciting strategic vision to affect the world in positive and enduring ways,” said Bundy. “Philanthropy is an increasingly critical component of public higher education, and I look forward to working with President Barron and the entire Penn State family to advance the University’s mission and vision through the upcoming campaign.”

Bundy is a life member of the Penn State Alumni Association, as well as a member of the Golden Lion Society and the Mount Nittany Society. In 2011, he endowed a scholarship in honor of his father, retired Penn State Blue Band Director O. Richard Bundy Jr. to support student musicians in the Blue Band.

At Penn State, Bundy leads a team of more than 400 professionals whose work secured $2.2 billion in support during the University’s most recent capital campaign that ended in 2014 — and who engage the more than 177,000 members of the Penn State Alumni Association, the largest dues-paying organization of its kind in the world.