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Contact Information: Tanya Klein Public Relations 973-596-3433

Wachovia Bank Named NJIT Corporate Partner of the Year at Black-Tie Benefit

Wachovia Bank, NA, headquartered in Charlotte, NC, was named the outstanding corporate partner of the year at NJIT’s annual black-tie benefit dinner Celebration on Nov. 14, 2008 at the Pleasantdale Chateau, West Orange.

Former New Jersey Governor and President of the New Jersey State Senate, the Hon. Richard J. Codey, served as the special guest master of ceremonies. The world-renowned Duprees, who started their 1960s musical careers in Jersey City with hits like “You Belong to Me,” provided entertainment.

Wachovia Senior Vice President Stephanie Tonic, was the honorary dinner chair. Tonic, who was born and raised in East Orange and still lives there, is a member of the NJIT Board of Overseers.   Elysa Scharf, Wachovia senior vice president and NJ director for government banking, accepted the honor.

“Many NJIT students are the first in their families to attend college, and they rely upon merit and need-based scholarships,” said Jacquelynn Rhodes, associate vice president for development. Clifton native Aileen Davila, a senior in NJIT’s School of Management, representing such students, spoke at the event.

“Without the support of faculty, facilities and financial aid, I might not have made it to this point,” she said.  “I consider myself blessed to have attended such a diverse and supportive university in which professors know me by my first name and students have a voice and constant support from faculty and staff.”

A festive evening of dinner and dancing, Celebration also honors individuals for achievements beneficial to the state and nation, plus exceptional organizations in their commitment to NJIT’s mission.

This year, 230 supporters attended and raised almost $400,000 for endowed scholarship funds to benefit NJIT students. Since 1995, this gala evening of dinner and dancing has raised over $3 million. In addition to raising funds for scholarships, Celebration also honors individuals for achievements of great benefit to New Jersey and the nation, and organizations that have been exceptional in their commitment to the university's mission.

Wachovia Corporation (NYSE:WB) is one of the nation's largest diversified financial services companies, with assets of $812.4 billion and market capitalization of $33.5 billion as of June 30, 2008. Wachovia provides a broad range of retail banking and brokerage, asset and wealth management, and corporate and investment banking products and services to customers through 3,300 retail financial centers in 21 states.

For more information, visit the Celebration 2008 website: http://www.njit.edu/celebration/.

NJIT, New Jersey's science and technology university, enrolls approximately 10,000 students pursuing bachelor's, master's and doctoral degrees in 120 programs. The university consists of six colleges: Newark College of Engineering, College of Architecture and Design, College of Science and Liberal Arts, School of Management, College of Computing Sciences and Albert Dorman Honors College. U.S. News & World Report's 2012 Annual Guide to America's Best Colleges ranked NJIT in the top tier of national research universities. NJIT is internationally recognized for being at the edge in knowledge in architecture, applied mathematics, wireless communications and networking, solar physics, advanced engineered particulate materials, nanotechnology, neural engineering and e-learning. Many courses and certificate programs, as well as graduate degrees, are available online through the Division of Continuing Professional Education.