Palm Beach Atlantic University (PBA) has received a generous $50,000 grant from the Johnson Scholars Foundation (JSF). The one-time grant is in celebration of Richard A. Krause, who retired as the Foundation’s chief financial officer. Krause, who is also a trustee at PBA, selected the gift to be made in his honor to benefit the university’s Bebe Warren Scholars Program, which supports students pursuing a degree in elementary education.
“I am happy to make this donation to PBA’s Bebe Warren Scholars Program as I step into retirement. Don Warren got me started with the Johnson Scholarship Foundation by inviting me to have lunch with him and Theodore R. Johnson, Sr. in 1990,” said Richard Krause, Johnson Scholars Foundation director emeritus and former CFO. “The university has demonstrated its unwavering commitment to educating the next generation of leaders–something that JSF also deeply supports.”
The announcement was made at The Breakers Palm Beach during a reception hosted by the Foundation on Friday, December 1, 2023, to honor Krause.
“We are so grateful to the Johnson Scholarship Foundation for this generous gift,” said PBA President Dr. Debra Schwinn, who attended the reception. “Dick Krause exudes integrity and his commitment to education and service is inspiring. Many of our students are deeply in need—some work two or three jobs, and many of them are first-generation students. This support will help us equip more aspiring teachers who will invest in the next generation of scholars.”
Palm Beach Atlantic University and the Johnson Scholarship Foundation (JSF) share a longstanding history. Theodore R. Johnson and his wife, Vivian Chesley Macleod Johnson, became supporters of PBA after Founding Chairman Dr. Donald E. Warren introduced them to the university in 1982.
The JSF is PBA’s largest scholarship supporter, providing scholarships to qualified students who wish to pursue higher education but cannot otherwise afford to do so. The impact of the Johnson Scholarship Foundation is profound, with over 6,000 more than 6,000 students representing dozens of countries, states and academic programs receiving Johnson Scholarships. These students are known on PBA’s campus as “Johnson Scholars.”
“The Foundation is thrilled to distribute this gift to PBA,” said Robert A. Krause, the Foundation’s CEO and the son of Richard A. Krause. “We share the university’s values of free enterprise, leadership, perseverance and social responsibility and believe that investing in education is the best means to empower people to get better jobs, become more independent and participate more fully in our society.”
Richard A. Krause joined the Johnson Scholarship Foundation at its inception in 1991 as a trustee and treasurer. In 2015—at age 75—he retired as a board member and treasurer. He then served as their chief financial officer, overseeing the organization’s accounting, finance, banking and investment activities through July 2023.
Before working with the Foundation, Krause served as treasurer and chief financial officer for Rinker Materials Corporation and Gee and Jenson Engineers-Architects-Planners. In addition to his work at PBA and the Johnson Foundation, he is a director at the Marshall E. Rinker, Sr. Foundation and is actively involved with First Baptist Church in Wauchula, Florida, where he lives. He has six married children, 21 grandchildren and 15 great-grandchildren.
The Bebe Warren Scholars Program is named after the late Bebe Warren, a retired educator and wife of the late Dr. Donald E. Warren. He established the scholarship in 2001 in partnership with the Johnson Scholarship Foundation.
To learn more about the Bebe Warren Scholars Program, please click here.