Roger Penske earns Horatio Alger Award

The Horatio Alger Association of Distinguished Americans has selected Roger Penske as one of 11 recipients of an award which honors outstanding individuals who encourage youth to pursue their dreams through higher education.

Roger Penske earns Horatio Alger Award
Champion Simon Pagenaud, Team Penske Chevrolet with Roger Penske
Will Power, Team Penske Chevrolet takes the checkered flag
Race winner Will Power, Team Penske Chevrolet
Rick Mears with Roger Penske
Roger Penske
Helio Castroneves, Team Penske Chevrolet and Roger Penske
Roger Penske; Mark Donohue

The Horatio Alger Association, named after a 19th century author who wrote "rags-to-riches" stories of endeavor, is a non-profit educational organization which annually honors and inducts “admirable leaders who have succeeded despite facing adversity, and who are committed to higher education and charitable efforts in their local communities.”

Penske Corporation, through such subsidiaries as the Penske Automotive Group and Penske Truck Leasing, creates more than $26 billion in revenue, operates more than 3,300 locations and employs more than 50,000 people worldwide. This also year marked the 50th anniversary of Team Penske.

Although born in Shaker Heights, Ohio, studying at Lehigh University in Bethlehem, Penn., and having his race team operate from Mooresville, NC, Penske Corp.’s hub is Bloomfield Hills in Detroit, MI. On the philanthropic front, in 2006 Penske chaired the Host Committee for Super Bowl XL held in Detroit, and set in motion initiatives to help improve the city. The press release from the HA Association listed “Downtown Detroit Partnership, Clean Downtown, M-1 RAIL and $8 million of private funding for new police and EMS vehicles” among the programs that have benefited from Penske.

The Downtown Detroit Partnership, for which Penske is chairman, organizes IndyCar's Detroit Grand Prix on Belle Isle, and the organizers and partners are said to have contributed more than $13.5m to improving the Belle Isle region alone.

“Roger’s strong work ethic and determination to reach his goals is admirable and inspiring,” said Byron Trott, president of the Horatio Alger Association. “My fellow Members and I congratulate Roger on his induction into the Association, recognizing his self-made success, entrepreneurial vision and commitment to giving back.

“We look forward to working with him to further encourage our Scholars to follow their dreams, no matter the adversities they face.”  

Penske himself said: “It is a privilege to receive the Horatio Alger Award alongside 10 remarkable men and women.

“I was fortunate enough to have a strong support network growing up and I learned the importance of believing in yourself and having the courage to take the first step toward your dream.

“We are all stronger and more capable than we think, and I hope to convey that message to as many young people as possible through my work with the Association.”

The Horatio Alger Association awards scholarships to outstanding high school students who are committed to pursuing higher education and giving back to their communities, and these scholarships are funded solely by Association Members, Life Partners and friends. Since the scholarship program was established in 1984, the Horatio Alger Association has provided more than $125 million to students in need.

Penske and the Member Class of 2017 will be formally inducted into the Association on March 30-April 1, 2017, in Washington, D.C. 

shares
comments
Chilton says Ganassi was wise to return to Honda

Previous article

Chilton says Ganassi was wise to return to Honda

Next article

Former Indy car racer Herm Johnson dies aged 63

Former Indy car racer Herm Johnson dies aged 63
Load comments
IndyCar’s longest silly-season is still at fever pitch Prime

IndyCar’s longest silly-season is still at fever pitch

The 2021 IndyCar silly season is one of the silliest of all, but it’s satisfying to see so many talented drivers in play – including Callum Ilott. David Malsher-Lopez reports.

IndyCar
Sep 11, 2021
IndyCar young guns are great, but the elders aren’t done yet Prime

IndyCar young guns are great, but the elders aren’t done yet

The ace 20-somethings in IndyCar have risen to become title contenders, but the best of the series veterans are digging deep and responding – and will continue to do so over the next couple of years, says David Malsher-Lopez.

IndyCar
Aug 20, 2021
The F1 champion who became an Indy king in his second career Prime

The F1 champion who became an Indy king in his second career

Emerson Fittipaldi’s decision to go racing with his brother led to him falling out of F1, but he bloomed again on the IndyCar scene. NIGEL ROEBUCK considers a career of two halves

Formula 1
Jul 31, 2021
The lasting legacy of a fallen Indy car rookie Prime

The lasting legacy of a fallen Indy car rookie

Jeff Krosnoff was plucked out of obscurity to become a respected and highly popular professional in Japan, and then got his big break in CART Indy car for 1996. But a tragic accident at Toronto 25 years ago cut short a promising career and curtailed his regular teammate Mauro Martini's passion for racing.

IndyCar
Jul 14, 2021
The winners and losers in IndyCar 2021 – Mid-season review Prime

The winners and losers in IndyCar 2021 – Mid-season review

At the halfway point in the 2021 NTT IndyCar Series season, we've had seven winners in eight races, spread between five teams – none of them Team Penske. In this unusual season, even by IndyCar standards, who’s excelling and who’s dragging their heels? David Malsher-Lopez reports.

IndyCar
Jun 18, 2021
The joy that exposes F1’s key weakness Prime

The joy that exposes F1’s key weakness

Long-awaited wins for ex-Formula 1 drivers Marcus Ericsson and Kevin Magnussen in IndyCar and IMSA last weekend gave F1 a reminder of what it is missing. But with the new rules aimed at levelling the playing field, there’s renewed optimism that more drivers can have a rewarding result when their day of days comes

Formula 1
Jun 17, 2021
Castroneves: How I kept it under control to make Indy 500 history Prime

Castroneves: How I kept it under control to make Indy 500 history

Helio Castroneves’ overwhelming vivaciousness outside the cockpit belies a hardcore racer who knows how to plot his moves – and then recall it all for us. A day after his fourth Indy 500 win, Helio explained his tactics to David Malsher-Lopez.

IndyCar
Jun 2, 2021
How 'chess master' Castroneves cemented his Indy legend status Prime

How 'chess master' Castroneves cemented his Indy legend status

Helio Castroneves joined AJ Foyt, Al Unser and Rick Mears with the most Indianapolis 500 wins after sweeping around the outside of Alex Palou on the penultimate lap in a thrilling climax. In one race, he validated Michael Shank's and Jim Meyer's faith in him, and Helio himself discovered there's life after Penske after all.

IndyCar
Jun 1, 2021