When RIT was forced to move in the mid-1960s, he ensured that the new Henrietta campus would also have an ice arena.
The new rink, the Frank Ritter Memorial Ice Arena, was named for Shumway's grandfather, a founder of one of RIT's forerunners, the Mechanics Institute.
The Shumway arena was also home to the Rochester Ice Cats, a special needs hockey team.
Shumway said in September of that year: "We will take our Memorial Fund a giant skating stroke forward toward our goal of perpetuating the memory of our gallant 1961 World Team skaters, not so much by statuary and plaques, as by giving us the means to assist talented young skaters — many of them yet 'undiscovered' — to get started, to develop and advance, and eventually to represent our country in future years, and to be ranked at the top of the world in the art of figure skating."
Shumway and his wife, Hettie (née Lakin), were generous donors to RIT.