Making an impact where it matters most is Karen and Fred’s inspiration for their many philanthropic endeavors. Both received needed financial support from Lehigh as undergraduates and are committed to providing the same opportunity for others.
The Schaufelds fulfilled their personal promise by creating the Karen Shihadeh Schaufeld ’83 and Fredrick D. Schaufeld ’81 Endowed Scholarship Fund to help students who have unexpected financial hardship. Their named scholarship, in addition to their generous support of Lehigh’s annual fund, the Shine Forever campaign, and support of a new academic advisory program within the College of Arts and Sciences, enables Lehigh students to gain distinctive education and leadership experiences.
Fred earned a bachelor of science degree in government at Lehigh and founded the consumer product protection company NEW Corporation, now NEWAsurion, where he serves as vice chairman. In 2006, he founded the private equity firm SWaN Investors, now SWaN and Legend, where he is managing director. Ernst and Young awarded Fred the “Entrepreneur of the Year” award in the Washington, D.C., Service Industry category in 1998. He is an ownership partner of the Washington Capitals, Nationals, Mystics, and Wizards pro-sports teams.
Karen earned a dual bachelor of arts degree in English and government from Lehigh. She received a juris doctorate degree at George Washington University in 1987. She has worked in the fields of energy, environmental permitting, and compliance, as well as corporate, labor, employment, and insurance-related law. She founded and is president of 100WomenStrong, an organization that makes grants to non-profits in her community.
The Schaufelds actively support local and global causes related to education, poverty, healthcare, and the advancement of the arts. Fred is a board member of several companies and supports a number of schools and scholarship programs. Karen is also director of Venture Philanthropy Partners, a philanthropic investment organization, and co-founded All Ages Read Together, a program designed to teach school readiness skills to low-income preschool-age children. She donates part of the proceeds of her recently published children’s book, The Lollipop Tree, to the organization.
Fred and Karen are members of the Asa Packer Society and Tower Society, Lehigh’s leadership giving societies. Karen is a member of the Lehigh Board of Trustees and the College of Arts and Sciences Advisory Council. As a former board member of the Amazon Conservation Team, she acted upon the group’s need to partner with an educational institution and was instrumental in forging an alliance with Lehigh’s Environmental Initiative, an interdisciplinary program.
The Schaufelds live in Leesburg, Virginia, and have three children, Haley, Jacob ’15, and Max ’17. They have built a replica of the rotunda of Lehigh’s Linderman Library in their home.