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Santa Maria Sun / School Scene

The following article was posted on April 8th, 2014, in the Santa Maria Sun - Volume 15, Issue 5 [ Submit a Story ]
The following articles were printed from Santa Maria Sun [santamariasun.com] - Volume 15, Issue 5

Wells Fargo donates to Hancock's STEM programs

BY CAMILLIA LANHAM

Science, technology, engineering, and math—also known as STEM—programs at Allan Hancock College have a little more currency in the endowment fund vault with the help of a $5,000 donation from Wells Fargo Bank.

The Allan Hancock College Foundation created the STEM Endowment in October 2011 as part of the college’s $4.3-million grant from the U.S. Department of Education. The grant is aimed at increasing the number of under-represented students in STEM fields. Approximately 350 Hancock students are pursuing STEM degrees this year, according to a press release sent out by the school.

Hancock launched the STEM Transfer Program and opened a STEM Center to assist students interested in degrees and careers in those fields, after receiving the federal grant. Due to a dollar-for-dollar matching component of the grant, Wells Fargo’s contribution doubles to $10,000 for the endowment. Paul Murphy, Hancock’s academic dean, said students will benefit directly from he gift.

“We intend to use the funds to buy textbooks and study materials for the STEM center and library,” Murphy said in the press release.

He added that federal guidelines limit the college to only spending a portion of the interest earned on the endowment.

For more information about the transfer program, or the endowment, call 922-6966, Ext. 3557, or email stem@hancockcollege.edu.