Finning Canada, a division of Finning International Inc. (TSX: FTT), has announced a $100,000 donation to Keyano College to establish the Finning Canada Endowment Fund. The fund will provide support to students through annual awards for generations to come.
“Finning Canada is a long-time member of the Fort McMurray community and a company focused on building and powering a better world. I can’t think of a better way to do that than by investing in education and helping students reach their goals,” said Brent Davis, Finning VP oil sands and mining solutions. “We are an ongoing supporter of Keyano College, as they play an important role in providing increased access to practical, relevant and affordable learning opportunities in the Regional Municipality of Wood Buffalo. With the establishment of the Finning Canada Endowment Fund we are making a long-term investment in the future of a community we’ve been a proud member of for more than 50 years.”
“We are extremely grateful to Finning Canada for this important contribution as well as for their ongoing support for Keyano College,” said Tracy Edwards, president and CEO, Keyano College. This endowment fund will be helping Keyano students for generations.”
The Finning Canada Endowment Fund will provide four interim annual awards of $2,000 for the next four years. After that, four endowed awards of $1,250 each will be provided annually to students enrolled in programs at Keyano College. Eligibility is based on financial need, academic achievement and area of study.
The $100,000 donation for the endowment will be supplemented by an additional donation of $8,000 annually for the next four years for a total investment of $132,000.