Wells Fargo Bank Donates $5,000 to Hancock's STEM Endowment

A STEM Open House is planned for April 16.

WellsFargoDonationAPRIL 1, 2014 -- The science, technology, engineering and mathematics (STEM) programs at Allan Hancock College have received a $5,000 donation from Wells Fargo Bank to support the college’s STEM Endowment.

“Generous gifts like this help to transform the lives of our students,” said Allan Hancock College Foundation Executive Director Jeff Cotter.  “They encourage student success and help ensure the college’s ability to continue providing excellent education.”

The foundation created the STEM Endowment in October 2011 as part of the college’s $4.3 million grant from the U.S. Department of Education.  The grant is aimed at increasing the number of under-represented students in STEM fields.  There are an estimated 350 students at Hancock pursuing STEM degrees this year.

Since receiving the grant, Hancock has launched the STEM Transfer Program and opened the STEM Center to assist students interested in degrees and careers in STEM fields.  The goal is to help STEM students transfer smoothly to four-year universities by providing essential services and guidance.

Last year, Hancock students paid nearly 7,000 visits to the STEM Center, which features 12 computer stations, as well as private and group study rooms.  Students also receive free academic advising, tutoring, transfer advice and academic workshops at the center.

Due to a dollar-for-dollar matching component of the grant, the gift from Wells Fargo doubles to $10,000 for the endowment.  Paul Murphy, Ph.D., academic dean, said STEM students will directly benefit from the gift.  “We intend to use the funds to buy textbooks and study materials for the STEM center and library,” said Murphy, who added that federal guidelines limit the college to spending only a portion of the interest earned on the endowment.

Wells Fargo Bank representative Blanca Jeronimo said the bank is proud to join the effort to educate local students.  “Wells Fargo recognizes the STEM program plays an important role in preparing students with the skills necessary to perform future jobs, especially in the science,

technology and mathematics fields,” said Jeronimo.  “We support funding to help accelerate student training and to better prepare future generations of leaders in our community.”

For more information on the STEM Transfer Program and the STEM Endowment, call (805) 922-6966 ext. 3557 or email stem@hancockcollege.edu.

- AHC -

Caption: (L-R) Allan Hancock College Dean Paul Murphy, Ph.D., Wells Fargo Bank vice president/store manager Blanca Jeronimo, store manager Jessica Hernandez, and vice president/store manager Vera Biely, and Hancock’s Superintendent/President Kevin Walthers, Ph.D., take part in a check presentation.  Well Fargo Bank donated $5,000 to the Allan Hancock College Foundation for the STEM Endowment Fund.

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Last Modified Dec 10, 2014