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Institute of Technology
Inventing Tomorrow

PHIL OSWALD: INVESTING IN IT

A homegrown legacy

The love of a place and its people inspired IT alumnus Dick Hanschen to establish a scholarship endowment in honor of his hometown

The most rewarding aspect of my work as a development officer is also a great privilege. I hear wonderful stories about people's lives and the forces that shape and motivate human beings. Whenever I read over a list of named endowments, for example, I'm acutely aware that the individuals who established those funds did so for very personal reasons and out of deep feeling.

Some people honor the memory of a loved one or a revered mentor by making a gift. Many donors have told me that their education would not have been possible without the aid of scholarships or fellowships. People will say, “My education changed my life,” and the emotion I hear in that person's voice explains why the desire to help a young person is so strong. Sometimes it's a place and its people that inspire a donor's generosity.

Alumnus Dick Hanschen (EE '45) harbors a deep affection for Minnesota's heartland. In 1988, Hanschen established the Cyrus Scholars, an endowed scholarship fund named in honor of his hometown—Cyrus, located in west-central Minnesota. Students from four school districts in the region who want to pursue a major in IT are eligible to become Cyrus Scholars. They must have a good academic record and write an essay to accompany their application.

Cyrus Scholars receive an award that covers the cost of tuition for four years, provided they pursue a major in IT and maintain a grade point average of at least 3.0. During their freshman year, scholarship recipients also receive a substantial stipend to pay for a personal computer. Part of the beauty of the Cyrus Scholars program is that Dick's original gift has nearly tripled in size as an endowment with the University of Minnesota Foundation. Nine students currently hold the title Cyrus Scholar.

Last fall, Dick hosted a reception for the students and Alan Estenson (Aerospace '94, M.S. '96), member of the Cyrus Scholars recipient committee and former Cyrus Scholar. Dick spent a memorable evening visiting with the students, who told him about their aspirations and plans for the future. A proud mentor, he offered them encouragement, career advice, and book recommendations.

The Cyrus Scholars endowment fulfills Dick's long-held dream to give back to a place he loves by investing in its most precious resource—its young people.

All of Minnesota would be well-served if we could attain Dick Hanschen's vision for towns and small cities throughout the state. Economic development in those communities has a greater chance of succeeding when local young people obtain a first-rate education and bring that knowledge and leadership back to their hometowns.

The state's future vitality hinges on the existence of a skilled workforce trained in scientific and technological fields. Just imagine what might be possible for Minnesota if regional scholarships were available to the most talented students from across the state and financial need were no longer a barrier to attending the Institute of Technology. Picture a future in which resources, brainpower, skill, and imagination generate a prosperity that extends to the farthest corners of the state.

I welcome the opportunity to work with our generous alumni and friends who want to build a legacy that's personally satisfying and meaningful. Together we can achieve our goals for Campaign Minnesota and realize our vision for the future.

Phil Oswald
Director of Development