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Lebo Alumni News : Alumni News

Library Named for Richard J. Madden '52

Wednesday, October 14, 2015   (0 Comments)
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Mt. Lebanon High School will officially name the new high school library in honor of 1952 Mt. Lebanon High School graduate Richard J. Madden. A ribbon cutting ceremony will take place in front of the high school library at 3:00 p.m. on October 11 during the community open house to celebrate the dedication of the new high school.
The new library is being named for Mr. Madden due to his significant financial contributions to Mt. Lebanon High School students in scholarships funded over the past 14 years.  To date, the Richard J. Madden Scholarship has contributed $585,000 in scholarships for Mt. Lebanon High School juniors in need of post-secondary education financial assistance. Students who plan to attend a two or four-year college or technical school within the United States are eligible and must demonstrate financial need. The scholarship recipient will receive up to $11,250 per year (a maximum of $45,000) if a 3.0 grade point average is maintained at the post-secondary institution.

 “This was the perfect way to acknowledge the generous contributions that Mr. Madden has made over the years to help our students reach their educational goals,” said High School Principal Brian McFeeley.

About Richard J. Madden

Mr. Madden highly values the education he received while attending the Mt. Lebanon School District.  When he graduated in 1952, he was undecided about continuing his education due to a lack of funds.  Through hard work, determination and scholarships, he set his sights on what is now the University of Pittsburgh’s Swanson School of Engineering.  He graduated in 1956 with a Bachelor of Science in Electrical Engineering.

Upon graduation from Pitt, he began his business career designing process control computer hardware for Westinghouse industrial products.  In 1969, he and a former colleague from Westinghouse founded Computerm Corporation, one of the first and most successful technology companies in Pittsburgh, who had employed 100+ employees.  Computerm’s great success with companies such as Westinghouse and The University of Pittsburgh spearheaded the company’s significant achievements for the next three decades.  Mr. Madden served as the Chief Executive Officer of Computerm from 1991 until 2000, at which time the company was sold.  In 1997, he co-founded a Venture Capital organization that promoted positive economic development in Pennsylvania.  He believed in investing in start-up businesses, and providing seed money for companies to grow to the next stage. 

In 2001, The Richard J. Madden Foundation was established because he believes that an investment in education is an investment into the future.  The Foundation provides numerous annual scholarships.  At Mt. Lebanon High School, Mr. Madden provides an annual scholarship to a qualifying junior that is to be used for their post-secondary education.  At the University of Pittsburgh, Swanson School of Engineering he has established an endowment which supports undergraduate students pursuing degrees in the Department of Electrical Engineering or in the Computer Engineering Program.

Mr. Madden has been awarded the 2002 University of Pittsburgh, Swanson School of Engineering Distinguished Alumni Award, the 2004 Mt. Lebanon High School Great Alumni Award, and in 2014 The University of Pittsburgh Legacy Laureates honor.  He serves as an active member of the Pitt Alumni Network of Western Pennsylvania in addition to serving on the Swanson School of Engineering Board of Visitors.

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