In 1970, Scott Belair ’69 needed a project for an entrepreneurship workshop he was taking as a graduate student at the University of Pennsylvania’s Wharton School, so he and Richard Hayne ’69 founded The Free People Store. Located next to campus, it sold apparel and apartment/dorm items. Belair got an A, received his MBA and moved on to Wall Street. Hayne moved the store to a larger location in 1976, renaming it Urban Outfitters.

Hayne remains president and CEO of Urban Outfitters, a specialty retail company whose other brands include Anthropologie, Free People and Terrain. The company operates more than 550 stores in the U.S. and abroad and has a significant online business. Belair, who serves on Urban Outfitters’ board of directors, is a principal at The ZAC Group, which performs corporate financial advisory services. His $20 million donation to Lehigh enabled the university to kick off the Mountaintop project, now in its third summer.