The late Arthur Newman NCAS’65, RBS’66 was internationally known for helping corporate giants such as Texaco, Dow Corning, and Macy’s to restructure. But he never forgot his humble beginnings in Newark. A bright student who, at a young age, helped his salesman father collect payments from customers, Newman was determined to turn a disadvantaged childhood into a better future.
Thanks to state scholarships, he attended the Newark College of Arts and Sciences, where he met his future wife, Eileen Dumbroff Newman NCAS’65. “Arthur always had a special place in his heart for Newark,” Eileen says. “Rutgers is where he started to believe in himself and what he could become.”
When Arthur died of cancer in 2010, Eileen and the couple’s three children agreed to create a tribute to him that would benefit both the city of Newark and Rutgers’ campus there. The result is the Arthur B. Newman Honors College Scholars Endowment, begun with a $1 million gift from the Newman family, one of the largest gifts in the school’s history. The scholarship will assist students in the Honors College who have graduated from high schools in Newark or other urban public high schools in New Jersey.
Anthony Grillo RC’76, a former partner with Arthur at the Blackstone Group, says, “Arthur always hoped there were other young people who could take advantage of his success and leverage that into some great things.”
Originally published in Rutgers alumni magazine.