McDonald Steel donates $100K for STEM scholarships

Staff report

Youngstown

McDonald Steel Corp. has established a $100,000 endowment at the Youngstown State University Foundation to provide scholarships to students enrolled in the YSU College of Science, Technology, Engineering and Mathematics.

“McDonald Steel has been an integral part of the Mahoning Valley community and economy for more than 30 years, and we are honored to accept this donation as a sign of their continued commitment to the future of the region,” said YSU President Cynthia E. Anderson.

Tim Egnot, president and CEO of the company, said that when its founders, Atty. Daniel Roth, David Tod and David Houck, were putting the business plan together 31 years ago, the Mahoning Valley supported their efforts.

“This scholarship is a way of giving back to the community, and giving an opportunity to a local student to obtain a degree and ultimately a career that may otherwise might not have been possible,” he said.

“It is our hope that recipients of this scholarship will be able to pursue a career in the Valley, thereby contributing to the local economy and providing technical expertise to a Youngstown area business, perhaps even McDonald Steel.”

Founded in 1981 and located in McDonald, McDonald Steel is the leading domestic provider of highly engineered hot- rolled steel special shapes.

The scholarship is designed for full-time students enrolled in YSU’s STEM college. Preference will be given in this order: employees and descendants of McDonald Steel, residents of McDonald and residents of the Mahoning Valley.

Scholarships will be given annually and may be renewed. Selection will be made by a committee in the STEM college.

For more information on the scholarship, contact Heather Chunn in University Development at hrchunn@ysu.edu or 330-941-1363, or call Paul McFadden at the YSU Foundation at 330-941-3211.