Exxon provides special grants to Stevens Institute of Technology
University receives funds from $1.7 million Exxon program to promote excellence in U.S. colleges
HOBOKEN, N.J. -- To assist universities in providing the extra funding needed for special programs and equipment, Exxon is contributing $1.7 million in departmental grants to approximately 90 colleges and universities.
As part of the program, Stevens Institute of Technology will receive $26,000 in grants. The university’s Charles V. Schaefer, Jr. School of Engineering will receive a portion of the funds for its mechanical, electrical, and civil Engineering courses.
"Support of Stevens Institute of Technology by industry leaders like Exxon not only advances the university’s mission to educate the technological leaders of tomorrow, but demonstrates the strategic investment in the people and programs that help Stevens be a leading center of education and technological research," said Harold J. Raveche, president of Stevens.
Designated departments can use the grants for any educational purpose they choose. Past grants have supported scholarships, field trips, visiting speakers, equipment purchases, student and faculty travel to professional meetings and many other academic projects designed to attract quality students. Exxon makes grants to schools which offer degrees in fields from which the Company recruits future employees.
"In addition to our general support of education, these grants are specifically directed to university departments that produce the type of well qualified graduates which Exxon needs," said Sharyl Hackett, Exxon College Relations Coordinator.
The amount of each grant is based on many factors, including the number of Exxon employees from a particular school and Exxon’s recruiting success at the school over the past five years, according to Program Officer Terry Walker of Exxon USA’s Public Affairs.
Exxon Contact: Charlene Kegerreis, Public Affairs Division,Exxon Research & Engineering Company (973) 765-1116
About Stevens Institute of Technology
Founded in 1870, Stevens Institute of Technology is one of the leading technological universities in the world dedicated to learning and research. Through its broad-based curricula, nurturing of creative inventiveness, and cross disciplinary research, the Institute is at the forefront of global challenges in engineering, science, and technology management. Partnerships and collaboration between, and among, business, industry, government and other universities contribute to the enriched environment of the Institute. A new model for technology commercialization in academe, known as Technogenesis®, involves external partners in launching business enterprises to create broad opportunities and shared value.
Stevens offers baccalaureates, master’s and doctoral degrees in engineering, science, computer science and management, in addition to a baccalaureate degree in the humanities and liberal arts, and in business and technology. The university has a total enrollment of 2,150 undergraduate and 3,500 graduate students, with about 250 full-time faculty. Stevens’ graduate programs have attracted international participation from China, India, Southeast Asia, Europe and Latin America. Additional information may be obtained from its web page at www.stevens.edu.
For the latest news about Stevens, please visit StevensNewsService.com.
