 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
Caterpillar
gives $500,000 to university
A$500,000 gift from Caterpillar Inc. to NC State will benefit students in the colleges of Engineering and Management.
The College of Management will receive $295,000 to help support its supply chain management program, while $125,000 will support the College of Engineering to help fund the industrial engineering, materials science and engineering, and mechanical and aerospace engineering programs. The gift also earmarks $80,000 to establish scholarships for children of Caterpillar employees who attend NC State.
“Caterpillar has a long history as a global leader in the industries we serve, and having the best and brightest employees is vital to Caterpillar’s continued success,” said Ed Rapp, Caterpillar vice president with responsibility for the Building Construction Products Division. “This gift builds on the existing relationship between Caterpillar and NC State while giving Caterpillar the opportunity to increase its recognition with NC State students who may become Caterpillar employees.”
NC State Chancellor James L. Oblinger said, “This gift from Caterpillar is an acknowledgement of the strength of the partnership between the company and the university. It also is a statement in support of our student experience at NC State. Our interdisciplinary approach and our emphasis on programs that combine theoretical and real-world scholarship are hallmarks of a leading land-grant university. Caterpillar also recruits many of our management and engineering graduates; we look forward to continuing this strong partnership.”
The College of Engineering will use the gift to fund scholarships and senior design projects in mechanical and aerospace engineering, and to supply and equip the Mechatronics Design Lab. At least half of the scholarships will be used to attract underrepresented segments of the population.
The Supply Chain Resource Consortium (SCRC) in the College of Management is funded completely by financial gifts from its partner companies, including Caterpillar. These companies work closely with faculty and students in the undergraduate business management and MBA programs. The gift will fund scholarships as well as curriculum development for a supply chain management program that integrates classroom instruction with real-world examples and projects from SCRC partners.
Posted Aug. 5, 2005
All Rights Reserved
