INDIANAPOLIS, IN--(Marketwired - November 15, 2016) - USA Funds® announces the election of Edward R. Schmidt as chairman of its board of trustees, for a three-year term beginning Jan. 1, 2017.
Schmidt has served on the USA Funds board for nearly 20 years. He is a member of the board's compensation committee and serves as chair of its governance committee.
"I look forward to working with my fellow trustees and USA Funds' management to help more students finish what they start when they enroll in postsecondary education programs and to ensure they are ready to launch into rewarding careers," Schmidt said.
Schmidt is president & CEO of Silver Creek Partners LLC, based in suburban Indianapolis. He is a retired partner of the Indianapolis-based law firm Krieg, DeVault LLP and the former executive vice president, general counsel and corporate secretary of USA Group Inc.
Schmidt received a bachelor's degree from Susquehanna University, where he serves as vice chair of the board of trustees. He received his law degree from the University of Notre Dame, where he serves as a member of the Law School Advisory Council.
Schmidt is a member of the American, Indiana and Indianapolis Bar Associations. In addition to serving on the board of trustees of Susquehanna University, he also serves on the boards of Indiana Hemophilia & Thrombosis Center, HCEI Inc., as well as the board of chancellors of the Indiana State Chapter of JDRF (the Juvenile Diabetes Research Foundation). He was a founding board member of the Lumina Foundation for Education board, serving from 2000 to 2009.
Schmidt will succeed Ike G. Batalis, who is completing his three-year term as chairman of the USA Funds board. Batalis will continue to serve on the USA Funds board.
USA Funds is a nonprofit organization that supports Completion With a Purpose®, building a more purposeful path for America's students to and through college and on to rewarding careers and successful lives. USA Funds pursues its nonprofit mission through philanthropic activities and partnerships, policy research, and programs and services that enhance preparation for, access to and success in higher education. Learn more at www.usafunds.org.