The Steel Dynamics Foundation is giving $1 million to the University of Saint Francis to bolster scholarships.
Officials with the university and the foundation announced the donation at a news conference Thursday.
“Saint Francis has always had a warm spot in our hearts,” said Ben Eisbart, vice president of Steel Dynamics.
The money will be given during a 10-year period and will establish the university’s Steel Dynamics Foundation Scholarship. The scholarships are designed as a way for Steel Dynamics to reinvest in the community, said its CEO, Mark Millett, in a statement released Thursday.
Six renewable scholarships of $5,000 each will be awarded to members of each freshman class beginning in the fall semester of 2014.
Scholarships will be available for four years, according to the university, and applicants must be full-time students majoring in a four-year degree program in science, business, mathematics, accounting or finance.
“These degrees give students skills they need for a variety of in-demand professions,” university President Sister M. Elise Kriss said during Thursday’s news conference.
In a statement, Kriss also said:
“We have been strong supporters of the sciences across the years through our strong healthcare programs, and our chemistry and biology programs have prepared graduates continuing their studies in medicine and veterinary medicine. USF students in our environmental science program contribute to green initiatives for businesses and protect the health and well being of employees and the public.”
To learn more about applying for a Steel Dynamics Foundation Scholarship, call the Office of Financial Aid at 260-399-8000 or visit http://www.sf.edu/sf/financialaid.