{"id":93452,"date":"2025-05-07T17:43:11","date_gmt":"2025-05-07T17:43:11","guid":{"rendered":"https:\/\/www.rochester.edu\/adv\/alumni-news-media\/?p=93452"},"modified":"2025-05-14T21:50:37","modified_gmt":"2025-05-14T21:50:37","slug":"the-new-piaker-family-scholarship-challenge-will-expand-undergraduate-financial-aid","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/adv\/alumni-news-media\/2025\/05\/07\/the-new-piaker-family-scholarship-challenge-will-expand-undergraduate-financial-aid\/","title":{"rendered":"The new Piaker Family Scholarship Challenge will expand undergraduate financial aid"},"content":{"rendered":"<p>[vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;full_width&#8221; text_align=&#8221;left&#8221; background_image=&#8221;93612&#8243; css_animation=&#8221;&#8221; box_shadow_on_row=&#8221;no&#8221;][vc_column][vc_empty_space height=&#8221;150px&#8221; image_repeat=&#8221;no-repeat&#8221;][vc_row_inner row_type=&#8221;row&#8221; type=&#8221;grid&#8221; use_row_as_full_screen_section_slide=&#8221;no&#8221; text_align=&#8221;left&#8221; css_animation=&#8221;&#8221; box_shadow_on_row=&#8221;no&#8221;][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1746633476696{padding-top: 15px !important;padding-right: 15px !important;padding-bottom: 15px !important;padding-left: 15px !important;background-color: rgba(24,41,87,0.8) !important;*background-color: rgb(24,41,87) !important;}&#8221;]<\/p>\n<h1 style=\"text-align: center;\">The new Piaker Family Scholarship Challenge will expand undergraduate financial aid<\/h1>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/4&#8243;][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=&#8221;150px&#8221; image_repeat=&#8221;no-repeat&#8221;][\/vc_column][\/vc_row][vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; text_align=&#8221;left&#8221; background_color=&#8221;#7eb1dc&#8221; css_animation=&#8221;&#8221; box_shadow_on_row=&#8221;no&#8221;][vc_column][vc_empty_space height=&#8221;25px&#8221; image_repeat=&#8221;no-repeat&#8221;][vc_column_text]<\/p>\n<h3 class=\"rev-text\" style=\"text-align: center;\"><strong>This matching challenge will inspire a new wave of philanthropy and generate up to $3 million in student support. <\/strong><\/h3>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;25px&#8221; image_repeat=&#8221;no-repeat&#8221;][\/vc_column][\/vc_row][vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; text_align=&#8221;left&#8221; css_animation=&#8221;&#8221; box_shadow_on_row=&#8221;no&#8221;][vc_column][vc_column_text]<div class=\"essb_links essb_displayed_shortcode essb_share essb_template_default4-retina essb_template_glow-retina essb_31213193 essb_size_m essb_links_right print-no\" id=\"essb_displayed_shortcode_31213193\" data-essb-postid=\"93452\" data-essb-position=\"shortcode\" data-essb-button-style=\"icon\" data-essb-template=\"default4-retina essb_template_glow-retina\" data-essb-counter-pos=\"hidden\" data-essb-url=\"https:\/\/www.rochester.edu\/adv\/alumni-news-media\/2025\/05\/07\/the-new-piaker-family-scholarship-challenge-will-expand-undergraduate-financial-aid\/\" data-essb-fullurl=\"https:\/\/www.rochester.edu\/adv\/alumni-news-media\/2025\/05\/07\/the-new-piaker-family-scholarship-challenge-will-expand-undergraduate-financial-aid\/\" data-essb-instance=\"31213193\"><ul class=\"essb_links_list essb_force_hide_name essb_force_hide\"><li class=\"essb_item essb_link_twitter nolightbox essb_link_twitter_x essb_link_svg_icon\"> <a href=\"#\" title=\"Share on Twitter\" onclick=\"essb.window(&#39;https:\/\/twitter.com\/intent\/tweet?text=The%20new%20Piaker%20Family%20Scholarship%20Challenge%20will%20expand%20undergraduate%20financial%20aid&amp;url=https%3A%2F%2Fwww.rochester.edu%2Fadv%2Falumni-news-media%2F2025%2F05%2F07%2Fthe-new-piaker-family-scholarship-challenge-will-expand-undergraduate-financial-aid%2F&amp;counturl=https%3A%2F%2Fwww.rochester.edu%2Fadv%2Falumni-news-media%2F2025%2F05%2F07%2Fthe-new-piaker-family-scholarship-challenge-will-expand-undergraduate-financial-aid%2F&#39;,&#39;twitter&#39;,&#39;31213193&#39;); 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image_repeat=&#8221;no-repeat&#8221;][vc_column_text]<\/p>\n<div id=\"attachment_93522\" style=\"width: 410px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.rochester.edu\/adv\/alumni-news-media\/wp-content\/uploads\/2025\/05\/Piakers.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-93522\" class=\"wp-image-93522\" src=\"https:\/\/www.rochester.edu\/adv\/alumni-news-media\/wp-content\/uploads\/2025\/05\/Piakers.jpg\" alt=\"Randi and Steve Piaker\" width=\"400\" height=\"454\" srcset=\"https:\/\/www.rochester.edu\/adv\/alumni-news-media\/wp-content\/uploads\/2025\/05\/Piakers.jpg 617w, https:\/\/www.rochester.edu\/adv\/alumni-news-media\/wp-content\/uploads\/2025\/05\/Piakers-264x300.jpg 264w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><\/a><p id=\"caption-attachment-93522\" class=\"wp-caption-text\">Randi and Steve Piaker<\/p><\/div>\n<p>Rochester Trustee <a href=\"https:\/\/www.rochester.edu\/newscenter\/board-welcomes-three-trustees-recognizes-four-trustees-emeritus-608152\/\">Steve Piaker<\/a> \u201984 and his wife, Randi, have committed $1 million to launch a new scholarship challenge benefiting undergraduates at the University\u2019s Hajim School of Engineering &amp; Applied Sciences and School of Arts &amp; Sciences. The Piaker Family Scholarship Challenge has the potential to generate up to $3 million in financial aid for students with demonstrated need.<\/p>\n<p>The Piaker Challenge is designed to spark generosity and amplify impact through matching gifts\u2014encouraging others to start endowed scholarships of their own. For each new endowed scholarship that qualifies, matching funds will be added to increase the total scholarship value. For example, if a donor contributes $100,000, the Piaker Challenge will contribute an additional $50,000\u2014bringing the fund total to $150,000. Likewise, if a new donor makes a $67,000 commitment, the Piaker Challenge will add $33,000, for a total value of $100,000. Each year, a portion of the fund\u2019s value will be used to provide student aid, ensuring ongoing support, while the principal remains invested to benefit future generations.<\/p>\n<p>\u201cWe are grateful to the Piakers for\u00a0making this generous gift and\u00a0inspiring\u00a0others to give too,\u201d says Rob Alexander, vice provost and University dean of enrollment.\u00a0\u201cBecause of the Piakers\u2019\u00a0leadership\u2014and the support of others who will join them\u2014many students will receive the financial aid\u00a0they need to access a Rochester\u00a0education, now and for years to come.\u201d<\/p>\n<p>\u201cLike so many other alumni, my time at Rochester was truly transformative,\u201d says Steve. \u201cIt was\u2014and still is\u2014a special place for me. Randi and I are honored to make this gift knowing it will serve as a force multiplier. Establishing a matching fund is a powerful way to help others maximize the impact of their giving. Together, we can support even more students.\u201d<\/p>\n<h3><strong>A legacy of student support<\/strong><\/h3>\n<p>Steve and Randi have a long history of supporting Rochester\u2019s undergraduate students. In 2020, they established an endowed scholarship through the Nataraj Scholarship Challenge, an initiative launched by Rochester Trustee Naveen Nataraj \u201997 and his wife, Courtney, during the COVID-19 pandemic. Within a year, that challenge raised $2.6 million and created 22 endowed scholarships\u2014illustrating the power of matching challenges. \u201cIt\u2019s our hope that this new challenge will have a similar impact,\u201d says Steve.<\/p>\n<p>The Piakers have also supported students through the Brady Scholars Program, established by Elizabeth Pungello Bruno \u201989, another Rochester trustee and alumnus as well as a parent of a Rochester graduate. This is one of the University\u2019s premier scholarship programs, providing ongoing financial support and individual academic advising, peer mentoring, and special academic and social opportunities.<\/p>\n<p>\u201cRochester students share an ethos,\u201d adds Steve. \u201cIt\u2019s a real community here, full of young adults with a passion for learning\u2014students who are intellectually curious, socially engaged, and rooting each other on. It\u2019s a privilege to make a gift that adds to this momentum.\u201d<\/p>\n<p>Another inspiration for the couple\u2019s support is Steve\u2019s father. \u201cAs a World War II veteran and son of immigrants, he was only able to go to City College in New York because it was free,\u201d says Steve. \u201cHe was always grateful for that opportunity and worked so hard to provide for his family and give back to the community supporting innumerable causes. My parents sacrificed a lot to ensure that my brother and I could attend a university of our choice. Attending the Ä¢¹½´«Ã½ and graduating without a mountain of debt was a privilege. Underwriting this challenge\u2014and providing financial assistance to students over the years\u2014has been a meaningful way for Randi and me to honor my parents while helping students realize their full potential.\u201d<\/p>\n<h3><strong>Committed to excellence and education<\/strong><\/h3>\n<p>Steven Piaker is co-founder and managing partner of Ten Coves Capital, a financial technology- focused growth equity firm based in Darien, Connecticut. He has more than 30 years of experience investing at the intersection of technology and financial services. Before forming Ten Coves, he served as co-head of Napier Park Financial Partners, was among the founding partners of Napier Park Global Capital, and served as managing partner at CCP Equity Partners. He also held various investment positions with Conseco Inc., GE Capital\u2019s leveraged buyout division, and Chase Manhattan Bank. Steve received a bachelor\u2019s degree in economics from Rochester and an MBA from Duke University\u2019s Fuqua School of Business, and he holds the Chartered Financial Analyst designation.<\/p>\n<p>Steve has served on the University\u2019s board of trustees since May 2024 and is a member of its investment committee. A former trustee of the Jewish Community Foundation of Greater Hartford, he serves on the boards of Cassini Systems Limited, Inbox Health Corp., PointPredictive, Inc., and Steeleye Limited. The Piakers are longtime members of the <a href=\"https:\/\/www.rochester.edu\/giving\/gec\/\">George Eastman Circle<\/a>, the University\u2019s leadership annual giving society.[\/vc_column_text][vc_empty_space height=&#8221;25px&#8221; image_repeat=&#8221;no-repeat&#8221;][\/vc_column][\/vc_row][vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; text_align=&#8221;left&#8221; css_animation=&#8221;&#8221; box_shadow_on_row=&#8221;no&#8221;][vc_column][vc_row_inner row_type=&#8221;row&#8221; type=&#8221;full_width&#8221; use_row_as_full_screen_section_slide=&#8221;no&#8221; text_align=&#8221;left&#8221; background_color=&#8221;#e9e5d7&#8243; css_animation=&#8221;&#8221; box_shadow_on_row=&#8221;no&#8221;][vc_column_inner][vc_empty_space height=&#8221;25px&#8221; image_repeat=&#8221;no-repeat&#8221;][vc_column_text]<\/p>\n<h3><strong>Get involved<\/strong><\/h3>\n<p>Help a deserving student attend the Ä¢¹½´«Ã½\u2014<a href=\"https:\/\/securelb.imodules.com\/s\/1676\/giving19\/giving19.aspx?sid=1676&amp;gid=2&amp;pgid=11087&amp;cid=17036&amp;appealcode=24U0A\">every gift makes a difference<\/a>. To learn more about the Piaker Challenge and how to join it, contact <a href=\"mailto:caroline.butler@rochester.edu\">Caroline Butler<\/a>, Executive Director of Student Life Advancement.[\/vc_column_text][vc_empty_space height=&#8221;25px&#8221; image_repeat=&#8221;no-repeat&#8221;][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row row_type=&#8221;row&#8221; use_row_as_full_screen_section=&#8221;no&#8221; type=&#8221;grid&#8221; text_align=&#8221;left&#8221; css_animation=&#8221;&#8221; box_shadow_on_row=&#8221;no&#8221;][vc_column][vc_empty_space height=&#8221;25px&#8221; image_repeat=&#8221;no-repeat&#8221;][vc_column_text css=&#8221;.vc_custom_1747135420470{border-top-width: 1px !important;padding-top: 10px !important;border-top-color: #999999 !important;border-top-style: solid !important;}&#8221;]<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #999999;\"><strong>\u2014 Kristine Kappel Thompson, May 2025<\/strong><\/span><\/p>\n<p>[\/vc_column_text][vc_empty_space height=&#8221;25px&#8221; image_repeat=&#8221;no-repeat&#8221;][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This matching challenge will inspire a new wave of philanthropy and generate up to $3 million in student support.<\/p>\n","protected":false},"author":62,"featured_media":93552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[152,142],"tags":[272,1112,922,1102],"class_list":["post-93452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stories","tag-alumni","tag-scholarships","tag-stories","tag-students"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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