Herbert P. Schroeder endowed chair created

by Kathleen McCoy  |   

Industry partners and Native corporations have stepped up with the Rasmuson Foundation to create the Herbert P. Schroeder Endowed Chair of the Alaska Native Science & Engineering Program (ANSEP). The endowment, with pledged gifts in excess of $4 million, will ensure stable funding for a full-time, year-round faculty member dedicated to students enrolled in ANSEP.

In December 2007 the Rasmuson Foundation contributed a $2 million challenge grant to fund the creation of the endowed chair position. Alyeska Pipeline was the first to step up to the challenge in September. Within a month, seven other partners generously donated to the chair, exceeding the amount of funds needed for the match. Commitments to date include Alyeska Pipeline Service Company, ASRC Energy Services, BP, Chevron, CIRI, ConocoPhillips, Rasmuson Foundation, Shell Oil and Udelhoven Oilfield System Services.

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