The Foundry Educational Foundation announced it has established a new endowment that will be used to fund scholarships and provide discretionary funds for the colleges and universities certified by FEF.
The new Henry M. Rowan Family Foundation Endowment is named for the Inductotherm Group founder and chairman. Inductotherm designs and manufacturing induction melting, heating, holding and pouring systems for processing virtually all types of metals and materials.
Rowan established Inductotherm in 1953. Last year, on the occasion of the firm’s 60th anniversary, the firm made a $60,000 pledge to the Foundation.
Hank Rowan, as described by FEF, “has contributed in various ways, particularly in southern New Jersey and the Delaware Valley, and particularly in the area of education. He not only made a significant donation to a local state college, known today as Rowan University, for the establishment of an engineering school, but he also provides scholarships at Rowan University for children of Inductotherm Group and Diversified Group employees both in the U.S. and abroad.”
Over the decades, he has been honored frequently for his commitment to the metalcasting industry, including the presentation of the AFS William J. Grede Award (1995); a Distinguished Service Award from the Consulting Engineers Council of New Jersey (1997); the William Hunt Eisenman Award, Philadelphia Chapter ASM International (1997); induction into the National Academy of Engineering (1998); and in 2003, he was named to the FM&T Hall of Honor.
The FEF was established in 1947 as an independent extension of metalcasting educational programs at colleges and universities, to assist the process of educating individuals for careers in the industry. Currently, the Foundation sponsors programs at 19 colleges and universities in the U.S., Canada, and Mexico, and has certified programs at 14 more schools.
The Foundation provides funding to the academic programs at the various schools, and also presents scholarships to students enrolled in the programs through multiple scholarship and award programs.