Joseph Caruso Family Scholarship


Type

Scholarship / Fellowship

Value

$328,029 (2021)

Year Established

2007

Purpose

Provide scholarship support for an eligible junior or senior and a member of Pi Kappa Alpha Fraternity at Florida Tech. (GF000086)

Description

The Fund supports active members in good standing of the Pi Kappa Alpha Fraternity at Florida Institute of Technology. Preference is given to students enrolled in the Nathan M. Bisk College of Business, but may be awarded to a student from any College. Both domestic and international students may receive this scholarship.


History

Joseph Caruso came to Florida Tech in 1969 with $100 in his pocket. After years of hard work Joseph earned his bachelor of science in 1973 and his master’s degree in 1976. He began his career with a decade of hands-on financing and growth in the banking industry. In 1984, he founded Omnifirst Capital, a successful private investment firm focused on opportunities in the telecommunications, health care, technology, and entertainment industries.

With a career based on relationship development and coalition building, Joe is the managing partner in nine companies. He is involved in every aspect of a client’s business, including arranging appropriate debt and equity funds, mergers and acquisitions, and other consulting and advisory strategies that create solutions for the company’s $4.5 billion portfolio of impact investments.

As the co-founder and owner of the Trenton Thunder minor league baseball team, the Double-A Affiliate of the twenty-seven- time World Champion New York Yankees, Joe is also immersed in revenue growth and strategic planning for the company. The Trenton Thunder has been recognized multiple times by the baseball industry for marketing and business practice excellence and boasts nearly 400 players who have moved up to Major League Baseball.

Never losing his Panther pride, Joe established the Joseph Caruso Family Scholarship in 2007. The scholarship fund was created to give students the opportunity to continue their pursuits in business and become successful entrepreneurs and leaders. Through this scholarship, Joe fosters real-life lessons for students to see themselves as the CEO of their lives and career, while learning the important skills of network building and collaboration.

Joe credits his membership in Pi Kappa Alpha as another transformational life event. He remains an active Pike brother, spearheading the capital campaign to build a new Zeta Sigma house in Palm Bay, Florida.

Recipients

2011: John Fouchet

2012: Thomas Veltri

2013: Christopher Guelzow

2014: Christopher Guelzow

2015: Christopher Guelzow, Kevin Jackman

2016: Christopher Guelzow, Kevin Jackman

2017: Ryan Mckeone, Gregory Ierokomos

2018: Gregory Ierokomos, Edwin Gonzalez

2019: Gregory Ierokomos, Alexander Louis Fernandez

2020: Alexander Louis Fernandez, Michael Foster

2021: Michael Foster, Henry Chandler