This week, the College of Engineering and Mines, at the University Alaska Fairbanks (UAF), received a $200,000 gift from ConocoPhillips Alaska. The gift will act as a supplement to a $500,000 endowment given to the College of Engineering and Mines by Conoco in 2011.
According to Cornerstone, UAF's news and information page, Conoco's new gift will be put toward academic support services and to build undergraduate research opportunities. And, best of all, the money is available for immediate use by the college. Bij Agarwal, vice president of commercial assets at Conoco Alaska said, "ConocoPhillips is committed to supporting education and engineering programs that are an investment in Alaska’s workforce, and we are pleased to designate this funding for spending now, in order to more directly and immediately benefit students at UAF."
UAF is pleased about the new donation. College of Engineering and Mines dean Doug Goring said Conoco's gift comes an opportune time because department is looking forward to the new construction of an engineering complex, opening in 2015. Goring adds that the allowance will "provide an immediate boost" allowing the department to outfit laboratories with "state-of the-art equipment" for "focus into areas that intersect with the oil and gas industry."
For more visit the Cornerstone here.