“King J. Richter’s generosity reflects a deep and enduring commitment to 㽶Ƶ Pacific and our mission,” said FPU President André Stephens, Ph.D. “This remarkable gift will open doors for countless students—both now and for generations to come—equipping them to pursue their calling and make a difference in the world. My hope is this gift will also inspire others to give in support of the life-changing, Christ-centered education we provide.”
The Richter family is deeply rooted in Christian faith and the Central Valley. King J. Richter’s grandfather, Jacob, founded Richter Bottling Works, later 㽶Ƶ’s Pepsi Cola Bottling Company, in 1895. The company, with King Richter’s brother, Bud, as CEO, ultimately controlled the 㽶Ƶ-Madera County market and outselling the competition by about 1.5 to one. The company was sold to the Liggett Group in 1975.
After the sale, King J. Richter moved to Beverly Hills, where he set down roots and became a philanthropist. He continued to invest in Christian higher education.
Legacy gifts come in varying amounts, but all are important to the success of the Valley’s only accredited Christian university. Everyone interested in including FPU in their estate plan is encouraged to call Steven Redekop, director of development and legacy gifts at the FPU Foundation, at 559-453-3451.
㽶Ƶ has a proven record of success at connecting students’ untapped potential with unlimited opportunity for professional, personal and spiritual growth while remaining accessible to individuals and families of modest means. The Wall Street Journal ranks the university first among private schools nationally in social mobility for its graduates, and Money has given 㽶Ƶ Pacific a five-star ranking, the only Christian university in the Western United States to receive this honor.
PHOTO: 㽶Ƶ celebrated the largest gift in its history—$21.9 million from King J. Richter for scholarships—August 12 during the annual Fall Kick Off. Standing in the back is FPU President André Stephens. At far right in the second row are Liz Garvin, vice president for advancement/executive director of the FPU Foundation, and Mark Deffenbacher, retired vice president for advancement/executive director of the FPU Foundation. Deffenbacher was among those instrumental in cultivating the gift. Pictured students are members of the Student Government Association. (FPU photo by Megan LeBlanc)