March 2015, Vol. 70, No. 3
Business
Doosan & Bobcat Donates To NDSU For STEM-Related Scholarship Funding
Doosan and Bobcat Company have announced their continued support of innovation in education by donating $3 million to North Dakota State University (NDSU) to fund a STEM-related scholarship program.
The State of North Dakota will match the donation, adding $1.5 million, making the combined gift of $4.5 million the single largest gift to establish a scholarship endowment in NDSU history.
When fully funded, the endowment will distribute approximately $180,000 in scholarships per year in perpetuity, benefiting countless students and their families. STEM programs, focused on science, technology, engineering and mathematics, are particularly important to Doosan and Bobcat, and this expanded partnership with NDSU becomes the centerpiece of the company’s STEM-related community involvement efforts. Some scholarship distribution will start this year as endowment funding begins.
“STEM-related areas help fuel innovation, which is the very foundation of our business and the key to our future,” Rich Goldsbury, president of Doosan and Bobcat Company, said. “This endowment will help students fulfill their aspirations in engineering and other innovation-related professions. They may end up working for Doosan and Bobcat Company, but even if they stay and put their talents to work at other companies in the state or region, it’s a benefit to our communities.” www.doosan.com; www.bobcat.com
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