Bobcat Company, Doosan and North Dakota State University (NDSU) have announced the 2015 scholarship recipients benefiting from an endowment largely funded by Bobcat Company and Doosan.
In January, Bobcat and Doosan committed $3 million to start a scholarship program for NDSU students studying areas of science, technology, engineering and math (STEM). The state of North Dakota matched 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.
The initial scholarship distribution will award $2,000 to 10 students. Scholarship recipients and their declared majors are:
STEM areas are important to Bobcat and Doosan community involvement initiatives because they help generate community growth, and they fuel innovation, which is the very foundation of Bobcat Company and Doosan. These educational and research areas are key to the company’s continued growth and success.
Bobcat and Doosan have expanded their STEM education support at all levels — elementary, middle school, high school and college — through in-class participation, production facility tours/field trips, grants and other scholarship programs.
“As STEM-related programs continue to grow, so does our involvement in helping young people reach their full potential,” said Laura Ness Owens, director of communication for Bobcat Company and Doosan. “We want to do everything we can to support those who want to pursue STEM-related professions. We can’t wait to see our investments pay off through business and community growth across the region.”