According to the Daily Pennsylvanian, former Penn hockey president Rolando Bonachea and chairman of the Penn hockey alumni board Stu Siegel announced July 9 the start of a university-supported Penn Hockey endowment in an email to the Penn hockey community.
That said, Penn athletics supports the endowment as a fundraising effort for the ACHA teams, but it has not backed the proposal for a varsity program.
“Penn Athletics and Recreation is currently working with the ice hockey alumni community to create an endowment to support our program and student-athletes at its current club sport level,” said Penn senior associate athletic director for governance and administration Kevin Bonner in a statement. “We continue to strive to provide our ice hockey student-athletes with a positive experience and are appreciative of the interest and enthusiasm of our alumni in this sport.”
“We’ve made a lot of progress over the last three years in our fundraising,” added Bonachea. “We’ve roughly doubled [our fundraising] in the past few years in order to be able to provide more resources for the teams and fund their operations. [With this], we’re building incrementally to get us in a position where we’ll be able to show the university that we have the ability to raise large sums of money and also have a large level of participation from the community.”
The school is looking to fund two D-I teams – one men’s team and one women’s team. Currently, both teams play at the ACHA D-II level.
Hockey has been played at the school for the past 41 years.
The immediate goal of the endowment is to raise $50,000 by fiscal year 2020. To date, Penn Hockey alumni have donated about $20,000 of that goal.