By Edward Cardenas
SOUTHFIELD (CBS Detroit) – Lawrence Technological University announced Monday that it has received a bequest in excess of $5 million, which will be used to fund full scholarships for engineering students.READ MORE: The Detroit Zoo To Host Its Final Weekend Of Family-Friendly Halloween Event 'Zoo Boo' Oct. 22-24
The engineering scholarships will be funded with the income from the permanent endowment and will be awarded starting with the fall semester in 2016.
Funding for the scholarships come from a trust established by George and Dorothea G. Mink of Clinton Township. Mrs. Mink died in May 2013, and her husband, a former student who had several patents for material-handling apparatus, died two months later.READ MORE: Tillson Street's Halloween Displays Draws Thousands
“This generous bequest will have a profound impact on the lives of our students,” said LTU President Virinder Moudgil, who added the scholarships will help attract and retain top students. “We are so grateful that Mr. and Mrs. Mink chose to share the priceless gift of a great education with so many other students today and for generations to come.”
The George and Dorothea G. Mink Endowed Scholarship in Engineering is one of the largest for LTU’s College of Engineering, according to Dennis Howie, LTU’s interim vice president of advancement.
The scholarships will be awarded primarily on academic merit, with financial need and other factors to be taken into consideration. The annual scholarships will be renewable if certain academic standards are maintained.MORE NEWS: Kalamazoo Tests For Lead Exposure Following High-Lead Level Reports In Other Michigan Cities
This is the second endowed scholarship fund for engineering students announced by Lawrence Tech. The Henry Ford Trade School Alumni Association has donated $750,000 to create an endowed scholarship fund for undergraduate mechanical engineering students, according to the university.