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Michigan Tech Board of Control Gets Good Financial News

HOUGHTON, MICHIGAN – Michigan Technological University surpassed its fundraising goal for the fiscal year just ended, raising $30.94 million, Les Cook, vice president of student affairs and advancement, told the Michigan Tech Board of Control at its regular meeting on Aug. 7, 2014. Julie Seppala, treasurer to the Board, reported that Michigan Tech finished the fiscal year with a positive balance of nearly $17 million in its Current Fund. The Current Fund includes the General, Designated, Auxiliary, Retirement and Insurance and Expendable Restricted Funds.
State Rep. Scott Dianda made a surprise appearance at the Board meeting and presented President Mroz with a framed tribute to Michigan Tech, signed by Governor Rick Snyder, State Sen. Tom Casperson and Dianda. Dianda praised the University’s recent Generations of Excellence capital campaign, which raised more than $215 million dollars. “You are the gem in our area,” he said. Dianda and Casperson represent the district that includes Michigan Tech.

Provost Max Seel reported that Tech has received a $5 million grant from the Herbert H. and Grace A. Dow Foundation to spearhead development of a new and better way to teach middle-school science.
David Reed, vice president for research, proudly announced that five junior faculty members received National Science Foundation (NSF) CAREER Awards during the past year. That is the largest number of Tech researchers ever to receive the eminent award in a single year. NSF CAREER Awards go to researchers who have already distinguished themselves early in their careers, to support extraordinarily promising interdisciplinary research.

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