The mission of the PENC Educational Foundation is to raise and administer funds to promote engineering education, fund its endowments, and promote excellence in education that impacts the engineering profession.
The initial focus of the Foundation Board was to raise an adequate endowment to grant scholarships to deserving high school seniors and college students that will aid their study at a North Carolina ABET-accredited school of engineering. For several years, the Foundation has awarded several PENC Scholarships of $500 to $2,000 annually. An increased endowment fund would provide more and larger scholarships. Beginning with an initial gift of $10,000 in 1993, and additional gifts of $40,000 (2004), $10,000 (2005) and $10,000 (2006), McKim & Creed has led the way by endowing the McKim & Creed Scholarship for Excellence, an annual award given by the Foundation to an outstanding engineering student in North Carolina.
In recent years, the Foundation Board has sought to achieve a broader impact for promoting and recognizing excellence in education. In striving for this new vision, support has been provided to the North Carolina Technology Student Association and the North Carolina Association of Advanced Placement Mathematics Teachers.
The Foundation is a 501(c)(3) tax-exempt corporation. Contributions to the Foundation qualify as charitable contributions for income tax purposes. The Foundation's Federal Tax ID is 56-1437097.
Contributions should be made payable to:
PENC Educational Foundation
1500 Sunday Dr. Suite 102