Late Pitman Co. Exec Leaves $3.99M to University

The money is courtesy of the Paul and Katherine Schmidt Trust. It will go toward campus improvements, a scholarship fund named after the couple and Lawrence's endowment.

Paul Schmidt, who died last November at age 92, once served as CEO at Harold F. Pitman Co., a printing industry supplier acquired by Agfa earlier this year. Kay Schmidt died in February 2009 at the age of 91. The Schmidts were married for more than 68 years.