Office of University Relations
SDSM& T News
501 E. St. Joseph Street • Rapid City, SD 57701- 3995
Phone: ( 605) 394- 6082/ 2554 • Fax: ( 605) 394- 6177
FOR IMMEDIATE RELEASE:
( September 25, 1998)
CATERPILLAR ANNOUNCES $ 225,000 GIFT TO SDSM& T
Representatives from Caterpillar Inc. today announced a major gift in support of the South Dakota School of Mines & Technology ( SDSM& T). Jim Green, Director of Power Sources, R& D, and an SDSM& T alumnus ( ME ’ 74), and Maryann Morrison, Manager of Corporate Support Programs, presented a check to Dr. Richard Gowen, President of SDSM& T, at the site of the new student laboratory to be constructed on the SDSM& T campus.
The $ 225,000 gift, payable over three years, will be directed toward the following two areas of significant need:
$ 150,000 will be utilized for a student laboratory, which will be called the Caterpillar Student Excellence Center.
$ 75,000 will be directed to student scholarships, curriculum development and faculty support.
Caterpillar and SDSM& T have enjoyed a mutually beneficial relationship for over fifty years. Excluding retirees, 58 SDM& T alumni are presently employed by Caterpillar.
“ Caterpillar has long recognized the quality of engineers educated at SDSM& T,” stated Jim Green. “ South Dakota Tech’s extraordinary programs and people make it an obvious choice as one of the key institutions from which Caterpillar recruits and supports. This gift is viewed as an investment by Caterpillar to assist the institution in providing needed laboratory space as well as support for students, faculty and curriculum development. It is hoped that this investment will continue the tradition of producing prominent engineers.”
This gift’s timely arrival will allow for construction of the center to be added to the already planned $ 3.75 million renovation of the Civil/ Mechanical Engineering Building, which was approved by the South Dakota State Legislature in March, 1998. ������ The Caterpillar Student Excellence Center space will be incorporated into the overall renovation project,” said Dr. Richard Gowen. “ The laboratory will maximize our abilities to provide outstanding hands- on educational opportunities. The Caterpillar Center will permit the institution to focus efforts on multi- disciplined student team projects that will better prepare our graduates to compete in the job market.”
The Caterpillar Student Excellence Center will provide an area with adequate space to fully realize the learning benefits of team- oriented projects like the Solar Car, Mini- Indy Car, Concrete Canoe, Baja vehicle and senior design projects. “ It is wonderful to coordinate win- win situations from the institution and our corporate sponsors,” said Brad Johnson, SDSM& T Foundation Development Officer. “ This gift demonstrates Caterpillar’s commitment to SDSM& T. Because of their support, we will be able to provide outstanding educational opportunities which in turn will make our graduates better prepared and more desirable to companies like Caterpillar.”
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