Newspaper article The Florida Times Union

$1 Million Pledge Is Top Single Gift to FCCJ; Businessman David Stein Plans Donation to the School upon His Death

Newspaper article The Florida Times Union

$1 Million Pledge Is Top Single Gift to FCCJ; Businessman David Stein Plans Donation to the School upon His Death

Article excerpt

Byline: URVAKSH KARKARIA

It might seem ironic that a college dropout is making one of the largest single donations to a local community college.

David Stein, the college dropout in question, acknowledges the irony and is hoping his donation of more than $1 million will encourage kids to do what he didn't -- stay in the classroom.

The Jacksonville-based businessman, whose family helped launch the Burger King franchise, will, upon his death, donate $1 million to the Florida Community College at Jacksonville -- the largest single donation in the school's 40-year history.

In addition, Stein, 66, is donating $50,000 annually to the FCCJ Foundation for as long as he lives -- potentially doubling the $1 million pledge if Stein lives another 20 years.

"I have lived here in one ZIP code my whole life and have done very well in Jacksonville," Stein said. "I want to give back."

The donation, expected to be announced today, is the "most significant gift in the history of the college," said Katharine Brokaw, director of development at the FCCJ Foundation. "We have never had a donor as generous as this."

Rather than offer the $1 million right away, Stein said he prefers to invest the money during his life.

FCCJ has 11 campuses in the Jacksonville area and serves more than 60,000 students. Full-time tuition at the school typically costs about $2,500 annually.

All of the money will be used to provide full- and part-time scholarships to students seeking careers in math, science and engineering, Brokaw said.

The $50,000 annual grant is being matched by the state and will help fund up to 40 students annually, she said.

Despite achieving financial success, Stein, who quit the University of Florida, urges kids to stay in school and not follow his example.

"Education is a matter of options," he said. "The more education you have, the more options you have."

Stein is perhaps most famous for being part of the family that helped launch the Burger King franchise.

His father, Ben Stein, was an investor in the first Burger King restaurant. In fact, David Stein took his first job flipping burgers at the restaurant, which was on Beach Boulevard. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.