By Mary Barrosse Schwartz, Executive Director
VBR Research and Education Foundation
The Nordic Trust Education Trust Scholarships underwent changes this year as investments were moved from a firm in Boston to be managed by Peoples United Bank here in Vermont. Currently the fund stands at approximately $500,000. Meetings with the investment officials in Vermont outlined a conservative approach in order to maintain the corpus for annual scholarships.
In 1988, the Nordic Educational Trust was created to offer scholarships to Vermont students who have a strong desire and potential to succeed in a technical field. Ross and Gail Anderson, former owners of Nordic Ford and Toyota in South Burlington, created the Trust to encourage young men and women to pursue studies in fields such as; automotive technology, computer assisted design, diversified agriculture, or health information technology, to name a few. Each year, the Trust grants scholarships to deserving students at two-year, post-secondary educational institutions throughout Vermont. These scholarships are not based upon previous academic performance, but are targeted to students who have an aptitude for applied learning.
Workers today must be good problem solvers in order to succeed. As Vermont moves further into a knowledge-based economy, all of the state’s workforce, even in the more traditional trades, will require more sophisticated skills to compete in the marketplace. Through the leadership of the VT Business Roundtable and support from The Nordic Educational Trust, Vermont businesses set the example of how to best support tomorrow’s problem solvers through postsecondary credentials, certification, and degrees.
The 2014 Selection Committee met three times in mid-April to review more than a dozen applications from a pool of fifty. Three talented college-bound Vermonters were chosen by the committee to receive two-year grants, ranging from $2,500 to $5,000 per year.
A young man, senior from Green Mountain Union High School, will study plumbing at Southern Maine Community College. Another young man, senior at Mount Anthony High, will study automotive technology at Ohio Technical College. A young woman, senior at Randolph Technical Career Center, will use her grant to study culinary arts at White Mountains Community College.
For more information, or to join the 2015 Selection Committee, please contact me at firstname.lastname@example.org. Special thanks to the 2014 Committee for their help, and to Ross and Gail Anderson for creating the scholarship fund.