3M invests $26 million in the next generation of science and business talent
Gift brings 3M's overall giving total to nearly $120 million
MINNEAPOLIS/ST. PAUL (12/05/2017) — 3M and the University of Minnesota announced a major investment by 3M to benefit the next generation of scientists, engineers, and business leaders.
3M’s $26 million investment in the University’s Driven campaign, which spans a 10-year period, includes a new $8 million commitment to support scholarships and outreach programs. This investment is helping to build a pipeline of high-performing and diverse global talent, integrate science, technology, engineering, and math (STEM) into K-12 education, and prepare students to succeed in science and business.
The University's College of Science and Engineering will receive $3.6 million between 2017-2023 for scholarships, K-12 outreach, and student programs support. The Carlson School of Management will receive $2.83 million, the Office of Equity and Diversity will receive $1.05 million, and the School of Dentistry will receive $600,000.
“This gift reflects our ongoing commitment to the University of Minnesota, and STEM and business education,” said Kim Price, president, 3M Foundation. “Investing in our students today ensures a solid foundation for our scientists, business leaders and community of the future.”
3M’s current investment to the University brings the company’s lifetime total to nearly $120 million in both cash and products. Through these investments, 3M has positively impacted the lives of thousands of students through mentorships, merit-based scholarships and investments in state-of-the-art facilities. Support has been greatest for the College of Science and Engineering and the Carlson School of Management, two of the top programs of their kind in the country.
"As our largest and longest-standing corporate partner, 3M and its legacy are inextricably linked to us, Minnesota’s only comprehensive, public research university," said University of Minnesota President Eric Kaler. "3M helped shape my own future as a scientist and a leader, and, with today's newest wide-ranging investments, together we will continue to drive Minnesota's culture of innovation, support a critically-needed K-12 STEM pipeline, and educate the next generation of leaders. The University and 3M are ideal partners enhancing the vitality of this state while making a real difference across the globe."
3M applies science in collaborative ways to improve lives daily. With $30 billion in sales, its 90,000 employees connect with customers all around the world. Learn more about 3M’s creative solutions to the world’s problems at www.3M.com or on Twitter @3M or @3MNews.