Detroit Medical Center CEO donates $61,000 for scholarships

August 31, 2012

The CEO of Detroit Medical Center in Michigan decided to donate his personal stock in the company to award college scholarships for his employees.

Mike Duggan unselfishly puts $61,000 this year into college scholarships for the children and grandchildren of DMC employees. It's a way for Duggan and his wife to give back to the community.

"If I'm here next May, it will be another $60,000 or if the Vanguard stock goes up it will be more than that," explained the generous CEO.

The scholarships are awarded on academic acheivement, extra curricular activities and financial need. The students must be no older than 25, have a grade point average of at least 2.5 and must be enrolled in full-time studies at a U.S. or Canadian school.

"We're in need, because books are very costly," DMC employee Patricia Wilson told reporters.

60 children and grandchildren were awarded a $1000 scholarship through the fund Duggan created. He plans on continuing the fund each year depending on the value of the stock.


feel good videoDogs Are Forced To Wear The Things They Steal — And It’s Hilarious

feel good storiesCat Named ‘Cheddar Big Booty Cheeseburger’ Wins National Contest

feel good storiesHumane Societies Are Saving Feral Cats By Giving Them Jobs

feel good storiesMeet Chonkers - The 2,000-Pound Sea Lion Taking Over San Francisco’s Pier 39

feel good storiesThis Groundhog’s Dig Revealed a 19,000-Year-Old Secret

feel good videoThis Dog’s Perfectly Timed Couch Move Is Going Viral During The NFL Draft

feel good videoTexas Fisherman Forms An Unlikely Friendship With A Water Snake Named Big Bertha

feel good videoAnnual Duck Parade Brings Smiles As Students Help Duck Family Reach Pond

feel good videoHave You Ever Seen Spider Beans?

feel good videoThey Put a German Shepherd in Charge of Babysitting a Group of Doberman Puppies