A Great Boost from Tyco
wo scholarship endowments totaling $5 million have been established at the University of New Hampshire through a gift from Tyco International. The gift was made in support of UNH's Next Horizon campaign to raise $100 million by 2004, according to Young P. Dawkins III, president of the UNH Foundation.
The Tyco Scholars Fund will support outstanding students in the physical and engineering sciences through a $4 million permanent endowment. The remaining $1 million will fund the Tyco Fellowship in Ocean Mapping and will support the recently established Center for Coastal and Ocean Mapping.
"We are very proud to make this investment in the University of New Hampshire," says L. Dennis Kozlowski, Tyco's chairman and chief executive officer. "We believe that the high caliber of the university's programs is a major contributor to the strengthening of the region's workforce." Income from the Tyco Scholars Fund will provide full, four-year scholarships, enabling the university to attract and retain exceptional students.
The Tyco Fellowship in Ocean Mapping will provide two-year fellowships for post-doctoral students participating in the ocean mapping program. The Center for Coastal and Ocean Mapping, a joint initiative between the National Oceanic and Atmospheric Administration, UNH, Tyco and other regional businesses, is the preeminent academic research center for sea-floor mapping and offers the only academic program of its kind in the United States. Ocean mapping is vital to the business of laying undersea fiber optic cables, a field in which Tyco is a world leader. It is also an important area of research for managing fisheries and natural resources.
"This is a very exciting gift for the University of New Hampshire," says UNH President Joan Leitzel. "It is precisely this sort of public-private partnership that will enable us to provide the highest quality education and attract outstanding students to our program."
"Tyco International is the largest public company in New Hampshire and one of the largest companies in the world," Dawkins says. "Tyco is setting an incredible example for other companies who may want to join in supporting UNH." With this gift, more than $58 million has been raised in the campaign. "The Tyco gift has given us a great boost," Dawkins says.
Tyco International, a diversified manufacturing and service company, is the world's largest manufacturer and servicer of electrical and electronic components and undersea telecommunications systems. It is the world's largest manufacturer, installer and provider of fire protection systems and electronic security services and the largest manufacturer of flow control valves. Tyco is also a leader in disposable medical products, plastics and adhesives. The company operates in more than 80 countries and had 1999 revenues of $22.5 billion.
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