Fastenal Endowed Scholarship in Business Established

Business-Dr. RicksCAPE GIRARDEAU, Mo., March 14, 2014 – The Fastenal Endowed Scholarship in Business has been established through the Southeast Missouri University Foundation.

Fastenal Co. made a $10,000 gift to establish the scholarship. The pledge will be matched with an additional $10,000 through a University matching gift program.

The matching gift program is part of the Honoring Tradition – Inspiring Success Comprehensive Campaign through the Southeast Missouri University Foundation. This program allowed donors to make a minimum commitment of $5,000 to a maximum commitment of $10,000 through donation or pledge by March 1, 2014, that qualified for a $1-for-$1 match. The goal of the Campaign is to raise $40 million for student scholarships, academic programs and renovations that benefit students both today and tomorrow.

The renewable Fastenal Endowed Scholarship in Business will be awarded to a full-time student enrolled at Southeast in the Donald L. Harrison College of Business who is pursuing a degree in business. The recipient must be in good academic standing with a minimum 2.25 grade point average and verified financial need. Dr. Gerald McDougall, dean of the Donald L. Harrison College of Business, will select the recipient.

Founded in 1967 by Bob Kierlin and four friends, Fastenal is a world-wide leader in the distribution of industrial, safety and construction supplies.  What began with an initial investment of $30,000 and a 1,000-square-foot store in Winona, Minn., Fastenal has grown to more than 2,600 locations in all 50 states, Canada and Mexico, with additional locations in Central and South America, Europe and Asia.  Today the company employs more than 16,000 individuals, and its 2013 annual revenue exceeded $3 billion.

For additional information on the matching gift program, please contact the Southeast Missouri University Foundation at (573) 651-2203 or foundation@semo.edu.