Press Release for Wednesday, October 29, 2003

Stein family gift creates Delaney professorship

JACKSONVILLE -- Joan Wellhouse Newton and her sons, Martin E. Stein Jr., Richard W. Stein and Robert L. Stein have made a $500,000 gift to the University of North Florida to create two unrestricted professorships to be named in honor of UNF’s recently-appointed president, John A. Delaney.

The professorships will be awarded at the discretion of Delaney and future University presidents. The recipients will be designated John A. Delaney Professors for the duration of their awards which will be from one to five years.

“This generous gift from Joannie, Hap, Rick and Bobby enables the University to help our faculty continue to excel in teaching, research and public service,” Delaney said. “It will also facilitate their work on projects which improve the quality of life in our community. It is indeed an honor to know that these distinguished scholars will be called Delaney Presidential Professors.”

The Delaney Presidential Professors can be awarded to faculty in any of the University’s five colleges. The gift from Newton and her sons will be used to recognize achievements by existing faculty or to attract outstanding scholars to UNF. Their gift reinforces the University’s commitment to maintaining and enhancing its reputation for faculty excellence.

Joan Wellhouse Newton is the chairman emeritus of Regency Centers Corporation. Martin E. Stein Jr. is the chairman and CEO of Regency Centers Corporation, Richard W. Stein is president and CEO of Palmer and Cay of Florida, and Robert L. Stein is the managing director of Chartwell Capital Management.

“Our family is extremely happy and proud to be part of UNF's growth as a fine university. We look forward to watching with excitement as UNF continues to excel as one of North Florida's most important resources under President John Delaney's dynamic leadership," Newton said.

With state matching funds, the gift will generate $750,000 for the professorships. The funds will be invested with the UNF Foundation. The income will be used to support the scholarly activities of the professors