Carnegie Mellon Receives $1 Million Scholarship Grant From U.S. Steel Foundation's Education Program
Carnegie Mellon University has been awarded a five-year, $1 million scholarship grant from the United States Steel Foundation. The grant, part of the foundation's 2006 Education Program, will offer support to engineering and business students who have financial need and display leadership qualities and academic excellence.
"We are delighted that the United States Steel Foundation is strengthening its support for engineering and business students with this generous scholarship gift to Carnegie Mellon," said Carnegie Mellon President Jared L. Cohon. "Carnegie Mellon graduates are attuned to the importance of technological innovation and the global scale of business today, and this gift will help prepare such young men and women to be future leaders of the steel industry."
Carnegie Mellon and U.S. Steel share a partnership that dates back to 1900, when industrialist Andrew Carnegie played a role in founding both institutions. Over the years, U. S. Steel has hired hundreds of Carnegie Mellon graduates, and the university has benefited from the leadership of U.S. Steel officials serving on Carnegie Mellon's Board of Trustees.
Carnegie Mellon and U.S. Steel currently partner in a variety of activities, including the work of Carnegie Mellon's Center for Iron and Steelmaking Research. As a charter member, U.S. Steel was instrumental in the launching and success of the center, which conducts basic and long-term research relevant to the production of iron and steel and is the largest research center of its kind in North America.
U.S. Steel has also been a generous benefactor of the university dating back to 1946, when the U.S. Steel Foundation created a $200,000 scholarship fund for Carnegie Mellon students. In 1999, a foundation gift was used to create the David M. Roderick Professorship. The foundation has also provided funding support for two additional professorships: the United States Steel Professorship of Materials Science and Engineering, and the Richard M. and Margaret S. Cyert Professorship of Economics and Management in the Tepper School of Business.
U.S. Steel's Education Program focuses on higher education by awarding grants to colleges and universities with strong programs in engineering, science and business. Grants are awarded to nonprofit organizations whose programs operate within the United States, primarily in major U.S. Steel locations.