Dresser-Rand Increases Scholarship Fund
Back in 2006 Dresser-Rand of Wellsville created a scholarship endowment fund with the Allegany County Area Foundation. Recently the company added another $25,000 to the endowment bringing their fund total to over $225,000. In June of 2015 another round of scholarships will be awarded from the earnings of their endowment.
The Dresser-Rand Scholarships are designated for the Dresser-Rand employees and their families in Wellsville. These scholarships are available for children, stepchildren, grandchildren, and spouses of employees or retirees who are enrolled in a course of study at a college or trade school at the post high school level. The Dresser-Rand scholarships will be awarded on the basis of financial need and academic performance and selected by the scholarship committee of the Allegany County Area Foundation. Preference will be given to those students who are pursuing a course of study in one of the following fields: Business, Manufacturing, and Engineering, Welding Technology, Machine Tool Technology, Project Management, Human Resource Management, Drafting/CAD, Supply Chain Management, Accounting and IT.
This year students must apply online for the Dresser-Rand Scholarship by visiting the ACAF Scholarship Application link. Applications will be accepted beginning January 5, 2015.
The Allegany County Area Foundation holds assets of over 8 million dollars and continues to add new funds each year. The endowed funds continue to grow in perpetuity to enrich and improve the lives of Allegany County people. If you would like more information on how you can create a scholarship or create a legacy for a loved one, please contact the Allegany County Area Foundation at 585-808-8444 or e-mail: director@alleganycountyareafoundation.org.