Martin J. Lutz III ’88 ’95
Known for his endearing smile and contagious sincerity, Drexel University alumnus Marty Lutz leaves an impression on everyone he meets and, most especially, on every Martin J. Lutz Endowed Scholarship Fund recipient. Mr. Lutz is, as he so humbly puts it, on a mission to make sure his scholarship recipients make good decisions and take smart steps to finish what they’re so fortunate to have started here at Drexel.
He chose to establish the Martin J. Lutz Endowed Scholarship Fund to help LeBow College of Business students who may be struggling financially, especially those “enduring hardship as a part of their family situations,” he says. The scholarship is also in memory of his father, Martin J. Lutz, Jr., who graduated from Drexel with a bachelor’s degree in 1963 and a masters in mechanical engineering in 1967. “I would hope everyone could have a dad like him. He was always there for me,” he says.
“Many students entering Drexel come from challenging family situations that don't provide the support that many others take for granted,” he says. “The intention, through this scholarship fund, is to facilitate opportunities for students who are trying to develop academically, despite such challenges. These challenges could result from trying to pay their own way through school or helping out at home while in school.”
As someone who worked two jobs to afford staying at Drexel, Mr. Lutz is very aware of the compromises students must sometimes make to simply remain in the classroom.
“I know working these jobs had a price on my academic focus,” he says. “Hopefully helping some of these students will provide a little relief in order to maintain high academic standing.”
Timothy Banks-Washington ’16 (pictured left) is excited to take his first classes inside the new Gerri C. LeBow Hall next term, after completing his accounting co-op in Bala Cynwyd. He explained how none of this would be possible without the Lutz Scholarship and how he was inspired by his short visit with Mr. Lutz.
“I’ve never met a man quite like Martin Lutz,” he says. “Albeit it was for an hour, that hour will have an everlasting place in my heart. I never knew a person could be so giving. The stories he told me about his life have made me realize, above all, to do what I love. Mr. Lutz loves to give back to those in need and, because of this, a large financial burden was taken off of my family’s shoulders, knowing I had funds to carry me throughout the year. This scholarship has helped me immensely.”
Mr. Lutz, who also benefitted greatly from his co-op experience here, chose to support Drexel University through and endowed scholarship fund because he believes that every scholarship, no matter the size, comes with a special power to impact and improve a Drexel student’s non-academic life just as much as his or her academic life.
“There are times when those suffering from financial hardship could potentially make poor decisions in order to relieve the burden,” he says. “If the gift of giving can help some of these students make good decisions and stay on track, then this small endowed gift is helping me accomplish my mission.”
He learned the importance of giving back as a Theta Chi fraternity member at Drexel and took his first step toward philanthropic life immediately after earning his MBA from the College of Business.
“The fraternity always believed and exercised action through philanthropic events,” he says. “These events helped instill me with a strong understanding of the importance to help those in need.”
Mr. Banks-Washington was very taken by Mr. Lutz’ early awareness of the significance of giving back; commenting on how “excellent and rare” it is to start giving back right away.
“I believe in helping other people that may need an assist in order to believe in themselves,” says Mr. Lutz. “The Drexel University experience is one that I hope anyone qualified to attend will not suffer due to financial hardship. There are so many students that start at Drexel and can't keep pace with academic rigor. With assistance, they may be able to stay on track and graduate from Drexel.”