McDonald Steel Corp. has established a $100,000 endowment at 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,” YSU President Cynthia E. Anderson said.
“Thirty-one years ago, when founders Attorney Daniel Roth, David Tod and David Houck were putting together the business plan to start McDonald Steel Corp., the Mahoning Valley was extremely supportive of their efforts,” said Tim Egnot, president and chief operating officer of McDonald Steel. “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.
“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, Ohio, in Trumbull County, 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 the following 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, firstname.lastname@example.org or 330-941-1363 or Paul McFadden at the YSU Foundation at 330-941-3211.