Freescale Semiconductor (NYSE: FSL) has announced the creation of the Freescale Foundation, a nonprofit organization focused on science, technology, engineering and math (STEM) education.
Freescale will make an initial contribution of $5 million to the Freescale Foundation with plans for ongoing contributions.
â€śOur Freescale team is passionate about engineering and we want to bring that passion to our local communities with a desire to encourage the next generation of talent,â€ť said Gregg Lowe (pictured), president and CEO, Freescale.
â€śScience, technology, engineering and math degrees lead to rewarding careers and to have the opportunity to inspire students is an amazing opportunity and one we take very seriously. The Freescale Foundation will help make it all possible.â€ť
The goals of the Freescale Foundation are to:
- promote STEM learning at all levels of the education continuum
- reduce the STEM education gap among women and underrepresented populations
- influence the development of the technical workforce of the future
- strengthen Freescaleâ€™s corporate citizenship and social responsibility
The Freescale Foundation will accept 2013 grant applications through Aug. 30 from qualified organizations that meet a certain criteria, including qualified organizations supported by Freescaleâ€™s approximately 17,000 employees.
The Foundation will focus on requests from eligible nonprofit organizations in communities where Freescale employees live and work.
Information on qualifications and open enrollment can be found at www.FreescaleFoundation.org.