Beth and Steve Ballentine
When Steven “Steve” W. Ballentine ’83 recalls his years playing club volleyball at ϲ, he remembers the fun, comradery and deeply satisfying sense of belonging it created for him. He also remembers the challenges: “Club sports didn’t receive University funding back then. I remember each of us on the team had to chip in $5 so we could travel to play at the University of Rochester. We brought our sleeping bags to my parents’ home and slept there when we travelled to Philadelphia.”
Those memories helped lay the foundation for the most recent gift from Steve and his wife, Beth (Shuman) Ballentine ’83, both of whom love sports and their alma mater. The nearly $2 million gift is part of the and will be used to create a dedicated field with lights for club sports and an endowed fund to support club sports programs and participants who might need help with fees, equipment and travel expenses. In recognition of this transformational gift, ϲ’s Club Sports Program has been named the Ballentine Club Sports Program.
Steve, an investment advisor by profession, and Beth, a published writer and essayist, describe sports as “very important to us as a family,” with both of them playing on sports teams throughout adulthood. Beth played on a women’s ice hockey team for nearly 20 years. Steve is a competitive tennis player. “We’ve made lifelong friends through sports,” says Beth. “For me, it’s about physical health, connections with people and sisterhood.”
The couple has also maintained strong connections to their alma mater through service and philanthropy. They provided lead gifts for the establishment of the Ballentine Investment Institute at the Whitman School of Management and have supported other initiatives in the and Athletics. Beth majored in advertising at the . Steve received a degree in business administration with dual majors in finance and accounting from the Whitman School, where he is a member of the Advisory Council. He has been a member of the University’s Board of Trustees since 1998, currently serving on the Executive, Investment and Endowment and Athletics Committees.
“Steve and Beth’s support will create an even more outstanding experience for the hundreds of students every year who find a place of belonging at ϲ through club sports,” says Chancellor Kent Syverud. “Their generosity will help nurture student success beyond the classroom. It will also encourage more students to integrate fitness, teamwork, and leadership into their Orange experience. I am grateful to the Ballentines for a gift that will improve students’ wellbeing and enhance the student experience.”
As chair of the Board of Trustee’s Athletics Committee, Steve is especially appreciative of the impact athletics has on the student experience. “Growing up, I played everything until I wasn’t good enough to play it at the varsity/JV level, then moved on to another sport—from baseball and basketball to volleyball and bowling. There are so many young people like me who weren’t sports superstars, who played sports in high school and who really miss that part of their lives when they get to college. Finances can stand in their way of participating in club sports. Beth and I saw the need to address that.”
There are currently 45 at the University, with more than 1,500 students participating. Most teams are organized by student leaders and supported by club sports staff in the Student Experience Division. The Ballentines met with student leaders of the club sport teams to better understand how their financial support could have the greatest impact. “It was an incredibly eye opening and impressive experience,” says Steve. “They are entrepreneurial leaders, raising funds to book transportation for the teams, sharing ideas, learning from each other.” Beth was impressed by their dedication to helping others and “essentially doing a part-time job for which they don’t get paid, while managing a full course load.”
The Ballentine Club Sports Program Endowed Fund, established through this gift, will help ensure teams have the resources to enhance participation in post-season competition and playoffs and team leaders have the tools to manage their programs more effectively. “We’re big on teaching someone to fish rather than just handing them the fish,” says Steve. That idea was also foundational to the previous creation of , which provided students with the kinds of tools, training and resources to prepare them for a career in finance. Steve’s own career in the financial industry began as an equity analyst and portfolio manager for Prudential Life Insurance Co. of America. In 1989, he founded his own investment management firm, Ballentine Capital Management Inc.
The Ballentine Field for Club Sports will be located on South Campus on grounds that are across from the Tennity Ice Skating Pavilion. “There will be irrigation and lights, so players can practice or compete after classes, when the sun goes down,” says Steve.
The Ballentines look forward to seeing the growth of club sports that present “a huge opportunity for students from all walks of life to come together” and excel beyond the classroom.
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