STEM education programs have one goal: Technology job creation
Funding provided by the SME Education Foundation supports Science, Technology, Engineering and Mathematics (STEM) education programs designed to prepare young people for technically-skilled jobs in sustainable careers.
In a recent study, the Kauffman Foundation found that in any given year, the top-performing one percent of firms is generating roughly 40 percent of all new jobs. The SME Education Foundation accelerated its efforts through relationships with this one percent of major companies to deliver its STEM-based programs and expand job growth. Managing an $18 million endowment, Foundation Director, Bart A. Aslin and his five person staff are changing public perception of manufacturing with Science, Technology, Engineering, and Mathematics (STEM)-based education programs.
As the Bureau of Labor Statistics continues to report U.S. unemployment levels above 9 percent, the SME Education Foundation accelerated its Planned Giving efforts. A direct mail program targets five distinct audience segments ranging from ages 25-40 to those in the 70-plus age group. The Planned Giving program encourages support for the Foundation’s Gateway Academy, Computer Integrated Manufacturing (CIM) Program offering courses in high schools and its critically important SME Education Foundation Scholarship Program.
Today companies clearly understand their organization’s vitality and long-term sustainability are dependent on being able to hire technically skilled workers. Committed and more knowledgeable, they are making long-term investments in the Foundation’s STEM-based programs and encouraging entrepreneurial small business partners to join them.
Working with Bart Aslin, Grant Writer and Fund Developer, Peggy McIntyre, identifies strategically compatible organizations interested in financially supporting the Foundation’s many programs. In 2010, funding for scholarships, youth programs and capital equipment for schools included support from the Andersen Foundation, Gene Haas Foundation, Siemens PLM Software and the National Action Council for Minorities in Engineering (NACME).
Students and their parents have benefited of career direction and financial support through the Foundation’s Scholarship Program. Program Officer, Kathleen Carter, who has worked with Foundation’s Scholarship Committees since 1998, has seen over $4.2 million dollars in financial aid granted through its various scholarship programs. Advancements in technology, enjoyed by consumers today, has increased awareness and generated excitement, and as the economy improves— about careers in advanced manufacturing.
Last year, a gift of $270,000 established the new Walter E. Panse Scholarship, honoring the memory of a Michigan tool and die executive. “Our scholarship committee represents all levels of manufacturing, “says Carter. “They are very aware of the challenges facing aspiring engineers and in many cases arrived at their own present position because of a scholarship. They consider scholarships an investment in the future of manufacturing and evaluate applications accordingly.”
A $150,000 grant from the Gene Haas Foundation is helping qualified students interested in machine operation and maintenance coursework. In addition to supporting the Haas Machining Scholarship, these dollars also funded the introduction of the Computer Integrated Manufacturing Centers at 400 Project Lead The Way schools across the country which engage other industry partners and SME Chapters.
In 2010, $382,250 in scholarships was awarded to 140 students in the United States and Canada ranging from a minimum $1,000 to $70,000. These students are now able to take advantage of career opportunities opening in emerging technology and advanced manufacturing. Carter encourages students to visit the website at www.smeef.org where more than 45 different scholarships are available. The deadline for 2011 scholarship applications closes on February 1, 2011.
SME Education Foundation
- Edited by Amanda McLeman, Control Engineering, www.controleng.com
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Annual Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.