UW-Stout announces $5 million in gifts to university
Officials from the University of Wisconsin-Stout announced that the university has recently received $5 million from donors recently.
"The donations demonstrate the confidence individuals have in this great university, and they provide us with the margin of excellence to support initiatives that we could not otherwise do," said Charles Sorensen, UW-Stout chancellor.
The estate of Minneapolis resident Fulton Holtby donated $2 million to the school. The money will be used for the professional development of faculty and staff, and scholarships for manufacturing engineering students.
The estate also gave another $1.5 million for endowed chair in manufacturing engineering.
Holtby, a professor of mechanical engineering at the University of Minnesota for 41 years, was involved with UW-Stout's College of Technology, Engineering and Management for more than two decades.
He also funded more than 500 scholarships for manufacturing engineering students at UW-Stout since 1995. He received an honorary doctor of science degree from the university in 2001.
An anonymous donor gave the school $1 million for a new UW-Stout Center for the Study of Ethics.
Sorensen said that the goal of the Ethics Center will be to ensure that all curriculum has an ethics component.
Students in all academic majors will learn the significance of a code of standards in their professional and personal lives, he said.
Finally, the school received $500,000 from an anonymous donor for scholarships.
"Gifts such as these make a real difference for students, in the financial support the scholarships provide, in the improved quality of teaching an endowed professorship brings, and in the ethical training every student will encounter because of the Ethics Center," said David Williams, UW-Stout's vice chancellor for advancement and marketing.