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SOURCE Horatio Alger Association of Distinguished Americans, Inc.
Honeywell to provide $1 million through 2019 to fund scholarships and internships for Horatio Alger Scholars
WASHINGTON, June 30, 2014 /PRNewswire/ -- Horatio Alger Association of Distinguished Americans, Inc., a nonprofit educational organization honoring the achievements of outstanding individuals and encouraging youth to pursue their dreams through higher education, today announced a new scholarship program funded exclusively by Honeywell, a Fortune 100 diversified technology and manufacturing leader. This five-year initiative will annually award scholarships of $10,000 to 10 Horatio Alger Scholars pursuing a college education in science, technology, engineering or math (STEM) and will create a unique summer internship program at Honeywell available solely to Horatio Alger Scholars. The new program supplements the Association's existing national and state scholarships, which totaled more than $9 million in 2014 alone.
"I was humbled to be inducted as a Horatio Alger Member this past April," said David Cote, Chairman and CEO of Honeywell and 2014 Horatio Alger Member. "In only a few months, I have been very impressed with the Association and its mission, as well as the Horatio Alger scholars that I've met who have demonstrated integrity and determination while overcoming adversity. Providing STEM scholarship support to these young men and women is both good for them and good for future American competitiveness around the world. Like the Horatio Alger Scholars, I did not have a privileged childhood – but my parents always wanted me to go to college. Having the chance to offer students from around the U.S. the same advice as my parents gave to me more than 40 years ago is proof that the American dream is still very much alive."
The new Horatio Alger scholarship program was established specifically for students enrolled at Honeywell Partner schools or Horatio Alger Collegiate Partner schools concentrating on science, technology, engineering or math, with a clear goal of encouraging students to follow their passion within these fields. Applicants must have at least a 3.0 GPA (on a 4.0 scale) and must exhibit good character and academic promise despite facing significant personal adversity to qualify for the Honeywell Scholarship. Funding will cover expenses, such as tuition and on-campus room and board, which recipients can begin to use during their sophomore year.
Furthering its commitment to advocating for America's at-risk youth, Honeywell has also launched an annual summer internship program with Horatio Alger Association, which will continue for five years. Four Horatio Alger Scholars entering their senior year of study were selected for internships at various Honeywell offices across the country, with assignments ranging from cross-business projects and individual research assignments to design and innovation development. Honeywell aims to convert 60 percent of these interns into full-time employees.
"The scholarship and internship opportunities Honeywell is making available to young people studying science and technology allows them to address the cost of higher education while gaining real-world experience in their projected field of work," said David Sokol, chairman, Horatio Alger Association. "With unemployment rates for people under the age of 25 rising to nearly twice the national average, these types of opportunities can be invaluable in helping graduates secure full-time positions. Mr. Cote's contributions to the Association since his induction have been both visionary and exceptional. We view our partnership with Honeywell as yet another way to further the mission of Horatio Alger Association in helping young people increase their opportunities through higher education."
The following individuals are the first to be awarded a $10,000 scholarship through the new Honeywell and Horatio Alger Association scholarship:
The following Horatio Alger Scholars are currently serving as summer interns for Honeywell:
For more information about Horatio Alger Association or to apply to one of its scholarship programs, please visit https://www.horatioalger.org/scholarships.
About Horatio Alger Association of Distinguished Americans:
Founded in 1947, Horatio Alger Association of Distinguished Americans, Inc. fulfills its mission of honoring the achievements of outstanding individuals who have succeeded in spite of adversity and of encouraging young people to pursue their dreams through higher education. Horatio Alger Association supports students through annual undergraduate and graduate need-based scholarships and mentoring programs across the United States and Canada. Since 1984, the Association has awarded more than $100 million in college scholarships to deserving young people. For more information, please visit www.horatioalger.org.
Honeywell (www.honeywell.com) is a Fortune 100 diversified technology and manufacturing leader, serving customers worldwide with aerospace products and services; control technologies for buildings, homes and industry; turbochargers; and performance materials. Based in Morris Township, N.J., Honeywell's shares are traded on the New York, London, and Chicago Stock Exchanges. For more news and information on Honeywell, please visit www.honeywellnow.com.
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