Saturday, April 21, 2012
Staff report
YOUNGSTOWN
The Cafaro Foundation is donating $25,000 to endow a new scholarship at Kent State University.
The William and Alyce Cafaro Innovation Scholarship will be awarded to worthy students in the university’s College of Applied Engineering, Sustainability and Technology.
The first scholarship, worth $1,250, is scheduled to be awarded in 2017.
This annual award will be granted on the basis of merit and financial need.
“We are extremely grateful to the Cafaro Foundation for this wonderful award,” said Jack Graham, Dean of the College of Applied Engineering, Sustainability and Technology.
“Innovation is foremost in our thoughts as we expand and enhance our future curriculum. The future School of Sustainability and Innovation will provide our students with the background to be productive members of a new and enhanced global energy economy, and this scholarship will certainly be of great benefit to our student body,” Graham said.
The mission of the College of Technology is to enhance technological literacy, education and training essential to the knowledge of economy, socioeconomic well-being and to the work-force development of the state of Ohio in general and Northeast Ohio in particular.
The college’s curricula lead to various certificates in emerging/high- technology areas and to a seamless articulation with technical associate, bachelor’s and master’s degree programs with global perspectives for careers in business, industry, education and government sectors.
The mission of the Cafaro Foundation is rooted in the generosity of William M. Cafaro, the founder of the real-estate development and management company that bears his name in Youngstown.
For more than a half century, Cafaro and his wife, Alyce, enthusiastically, but quietly, supported churches, schools, hospitals and other charitable causes.
After his wife’s death in 1996, Cafaro formed his foundation to perpetuate her memory and the legacy of good works they shared. He died in 1998.
His descendants now direct the efforts of his foundation, striving to improve the quality of life in the region they call home.
The Cafaro Foundation has bestowed millions of dollars in gifts to worthy causes.