SRC and SRCTec Announce $1 Million Gift
SRC, an independent, not-for-profit research and development organization and its subsidiary, SRCTec, announced today on the campus of Onondaga Community College a $1 million gift to the College’s Reach Beyond capital campaign. The gift, the largest in the history of the College, is pledged for Onondaga’s Presidential Scholars Program, specifically the new SRC Presidential Scholarship. The gift also establishes the “SRC Arena and Events Center” on the campus.
The centerpiece of the Reach Beyond campaign, the Presidential Scholars Program, will provide a full scholarship to Onondaga Community College for all Onondaga County high school students graduating in the top 20 percent of their class. The program was announced by Onondaga Community College in 2007. SRC, formerly Syracuse Research Corporation, pledged $525,000 to the program in February 2008. The $1 million gift announced today brings SRC and SRCTec’s support for the Presidential Scholars Program to $1.525 million within a 16-month period.
“All of us at Onondaga Community College – especially our students – are deeply grateful to the employees of SRC and SRCTec for their incredibly generous support for this institution. Their life-changing investment in local students demonstrates a deep commitment to access to higher education for all local citizens, access that is vital for continued economic growth and community prosperity,” said Onondaga Community College President Debbie L. Sydow, Ph.D.
Dr. Sydow, SRC President Bob Roberts, and Campaign Co-Chair Allen Naples also announced today that the College’s new arena, part of the Onondaga Arena and Sports Complex to be completed in late 2011, will be named “SRC Arena.” The arena will feature flexible seating for up to 10,000 people and will serve as the location for major college and community events, including athletics, the arts, ceremonies and other local and regional opportunities.
SRC President Bob Roberts said, “SRC and SRCTec are taking a strong stand in our philanthropic efforts related to science and technology education. We firmly support that a better future for the company and the community will be achieved by encouraging youth to study in these disciplines. The goal is to educate a new workforce that will have a positive economic impact and provide a continued workforce to Central New York. I hope our gesture inspires others to join this noble effort. We’re also very humbled that the SRC name will forever be associated with stimulating education through the SRC scholarship.” Roberts also serves as co-chair of the Reach Beyond campaign with Allen Naples, chairman of the OCC Foundation Board and President of M&T Bank.
“The commitment of Bob Roberts, SRC and SRCTec has been tremendous. These organizations are leading the way through their support of higher education and the pivotal importance of all students to earn a college degree. I commend the entire SRC team for their leadership, and challenge other area businesses to follow SRC’s outstanding example,” said Naples.
The Presidential Scholars Program addresses the need of the nationally estimated 25 percent of highest-performing students who do not attend college, often due to the cost of tuition at private and public colleges and universities. Onondaga Community College’s largest feeder high schools are Liverpool, West Genesee, North Syracuse and the Syracuse City School District. When fully endowed, the Presidential Scholars Program will be available to students graduating in the top 20 percent of their class from all high schools, urban and suburban, in Onondaga County.
Approximately 60 percent of Onondaga Community College graduates transfer to a four-year institution in pursuit of a baccalaureate degree, while 40 percent directly enter the workforce.
SRC is a research and development company with over 50 years of experience in defense, environment, and intelligence. SRCTec, an SRC company, provides manufacturing and logistics support for complex electronics systems. The companies are headquartered in North Syracuse, New York and employ nearly 1,000 people at 11 locations throughout the country. Together, through innovation in science, technology, and information, the companies are redefining possible, working with the customer for the best solution – not the bottom line – resulting in nationally significant, next-generation products and services.