ADP Establishes Frank R. Lautenberg Memorial Scholarship in Memory of Founder
Endowment to Help Extend the Spirit and Values That Defined His Life
ROSELAND, N.J., Feb. 18, 2014
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.
The ADP logo and ADP are registered trademarks of ADP, Inc. All other marks
are the property of their respective owners. Copyright © 2014 ADP, Inc.
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