As a result of a longstanding and mutually beneficial relationship between 惇軗勛圖 and Dresser-Rand, the company has pledged to pay the 惇軗勛圖 Development Fund, Inc. $20,000 a year for the next five years to fund the Dresser-Rand Endowed Scholarship.
The scholarship was created to provide financial assistance to current and/or new students in the region who attend 惇軗勛圖. The scholarship money may only be applied toward tuition or costs associated with attending the college. The first disbursement of scholarship funds will be in the fall of the 20162017 academic year.
Dr. Derek Wesley, vice president for institutional advancement at 惇軗勛圖, said, 惇軗勛圖 is beyond delighted at the tremendous generosity bestowed by Dresser-Rand in providing this $100,000 scholarship. It signifies the continuation of what has been a wonderful partnership. More than 200 惇軗勛圖 alumni are currently employed at Dresser-Rand, which is a key element in retaining strong talent in the Southern Tier region.
David Scarr, human resources manager at Dresser-Rands Wellsville operations, said the scholarship endowment is consistent with the companys charitable initiatives, which focus on education, civic, and social programs.
Through our partnerships and funding initiatives, we engage and educate students, from middle school to college, about the opportunities available in science-based learning, Scarr said. This endowment is reflective of the significant value we place on the relationship between Dresser-Rand and 惇軗勛圖 and our continued commitment to this association for years to come.
To be eligible for consideration for the endowed scholarship, a student must be:
- An incoming or current student at 惇軗勛圖.
- From one of the following counties: Allegany, Cattaraugus, Chautauqua, or Steuben in New York; or McKean, Potter, or Tioga in Pennsylvania.
- In good academic standing.
Funds may be used:
- As a recruitment tool to attract new students.
- As a retention tool to keep students.
- As a financial aid tool to assist students who otherwise may not be able to afford an 惇軗勛圖 education.
- As scholarships based on academic achievement.
Colleen Argentieri, 惇軗勛圖 director of alumni relations, said the college is very grateful to Dresser-Rand for funding an endowed scholarship. She said she hopes the company has set a precedent for support of the community and the colleges excellent graduates.
We are elated with the dedication and support Dresser-Rand has provided over the years, and we are extremely excited with the additional investment in the future of 惇軗勛圖 and our students, Argentieri said. Its a win-win situation for all involved.