Finning Canada has donated $100,000 to Keyano College for academic awards.
Announced during a Thursday morning cheque presentation at the college’s Clearwater Campus, the funds – which have been set aside to create the Finning Canada Endowment Fund – will be given to students based on financial need, academic achievement and the field of study.
“We are extremely grateful to Finning Canada for this important contribution as well as for their ongoing support for Keyano College,” said Tracy Edwards, president and CEO of Keyano College, in a statement. “This endowment fund will be helping Keyano students for generations.”
The funds will be divided into four interim annual awards of $2,000 covering the next four years. After that, four endowed awards worth $1,250 each will be provided annually to students enrolled at Keyano College.
The $100,000 donation will be supplemented by an annual additional donation of $8,000 over the next four years, bringing the total investment to $132,000.
“Finning Canada is a long-time member of the Fort McMurray community and a company focused on building and powering a better world. I can’t think of a better way to do that than by investing in education and helping students reach their goals,” said Brent Davis, Finning’s vice-president of oilsands and mining solutions, in a statement. “With the establishment of the Finning Canada Endowment Fund we are making a long-term investment in the future of a community we’ve been a proud member of for more than 50 years.”
Story from FortMcMurray Today.