| - Scholarships earmarked for science, technology, engineering and math (STEM)-related programs|
- Since 2013 the Anderson community has received more than $750,000 in BCF grants for STEM and environmental sustainability efforts
ANDERSON, S.C. – The Bosch Community Fund furthered its support of the Anderson, South Carolina, community with a $25,000 grant to Tri-County Technical College (TCTC). The grant will provide local students with scholarships for science, technology, engineering and math (STEM)-related programs, such as industrial electronics, technology and mechatronics.
The Bosch Community Fund grant is matched by DENSO International America, Inc. (DIAM) creating a total scholarship program of $50,000. Twenty-five, $2,000 scholarships will be awarded to students over five years, beginning in 2016. Bosch and DIAM announced the commitment at a ceremony held on September 10 to recognize the 25th anniversary of Associated Fuel Pump Systems Corporation (AFCO), a 50/50 joint venture between Robert Bosch GmbH and DENSO International America.
“This scholarship program further underscores the importance of STEM education and the career opportunities it provides,” said Mike Mansuetti, president, Robert Bosch LLC. “Bosch and the Bosch Community Fund are committed to our mission of preparing the workforce of the future for careers in STEM-related fields.”
Since 2013 the BCF has invested more than $750,000 in the Anderson community, including $230,000 yet to be awarded in 2015. In this time, TCTC has been a key partner for Bosch and the recipient of $263,500 in BCF grants, which have supported scholarships, robotics summer camps, and programs focused on mechanization and industrial electronics technology.
In addition to AFCO, Bosch employs approximately 1,400 associates at its manufacturing facility in Anderson.
Established in November 1989 in Anderson, S.C., AFCO is a multinational joint venture between Robert Bosch GmbH and DENSO International America. The company engineers and manufactures high-quality fuel pumps and modules that are used in a wide variety of cars, trucks, SUVs, motorcycles, personal watercraft and ATVs.
About the Bosch Community Fund
The Bosch Community Fund, a U.S.-based foundation established in September 2011, awards up to $3 million annually in grants to various 501(c)(3) organizations and educational institutions. The BCF focuses primarily on the enrichment of Science, Technology, Engineering and Math (STEM) education and the advancement of environmental sustainability initiatives.
Having established a regional presence in 1906 in North America, the Bosch Group employs some 28,700 associates in more than 100 locations, as of April 1, 2015. In 2014, Bosch generated consolidated sales of $11.3 billion in the U.S., Canada and Mexico. For more information, visit www.boschusa.com, www.bosch.com.mx and www.bosch.ca.
The Bosch Group is a leading global supplier of technology and services. It employs roughly 360,000 associates worldwide (as per April 1, 2015). The company generated sales of 49 billion euros in 2014.* Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods, and Energy and Building Technology. The Bosch Group comprises Robert Bosch GmbH and its roughly 440 subsidiary and regional companies in some 60 countries. Including its sales and service partners, Bosch is represented in roughly 150 countries. This worldwide development, manufacturing, and sales network is the foundation for further growth. In 2014, Bosch applied for some 4,600 patents worldwide. The Bosch Group’s strategic objective is to create solutions for a connected life. Bosch improves quality of life worldwide with products and services that are innovative and spark enthusiasm. In short, Bosch creates technology that is “Invented for life.”
Exchange rate: 1 EUR = $1.32850
*The sales figure disclosed for 2014 does not include the former joint ventures BSH Bosch und Siemens Hausgeräte GmbH (now BSH Hausgeräte GmbH) and ZF Lenksysteme GmbH (now Robert Bosch Automotive Steering GmbH), which have since been taken over completely.
Bosch Community Fund commits $25K to Tri-County - September 2015