RIT Meets Challenge for $1M Endowed Fund
Monday, November 2, 2015
Source: Rochester Business Journal
Rochester Institute of Technology has met the challenge to establish a $1 million endowed fund to support undergraduate research in its College of Science.
University leaders announced Monday a challenge grant from the Fred L. Emerson Foundation, along with commitments from more than 100 donors, will allow RIT to double the number of undergraduate students conducting full-time scientific research during the summer.
The Emerson Foundation offered to give the university a $250,000 challenge grant contingent upon RIT raising the remaining $750,000 in new gifts and pledges by Oct. 1. The challenge was met Oct. 30.