Northrop Grumman Student Design Endowment


Type

General Endowment

Value

$1,758,120 (2021)

Year Established

2008

Purpose

Support the College of Engineering student design projects. (GF000125)

Description

The funds will support the purchase of materials for the projects and the fees necessary to compete on a national scale. Endowment earnings will be used at the discretion of the Dean of the College of Engineering.


History

On October 31st, 2008 as part of the Florida Institute of Technology 50th anniversary celebration campaign, Northrop Grumman pledged $1 million dollars toward the creation of Florida Tech’s first student design endowment. The design endowment, known as Northrop Grumman Student Design Endowment, has supported students from the College of Engineering by providing relief in the purchasing of design materials and competition fees.
 
According to Tom Vice, then sector vice president and general manager of Northrop Grumman Aerospace Systems, “We're honored to establish a $1 million endowment at the Florida Institute of Technology to support the annual student showcase. This endowment is a natural extension of Northrop Grumman's commitment to getting young people interested in Science, Technology, Engineering and Math (STEM) programs.”