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.
Click Here For The Most Popular On Sunny Skyz
Mama Ferret Really Wants Her Human To See Her Babies
Wendy's Got Into A Hilarious Sign Battle With Pure Water
25 Funny Married Life Memes
15 Cat Pictures Guaranteed To Make Your Day
Dad Stands Over His Daughter During A Public Meltdown. This Is Why He Didn't Stop Her
Marine Veteran With PTSD Wants To Commit Suicide. After Reading This, He Decides To Keep Fighting
Mama Ferret Really Wants Her Human To See Her Babies
Disabled Former Marine Sees His Grandson In Uniform For The First Time
This Gorilla Dancing In A Bathtub To 'Maniac' Is The Best Thing You'll See Today
Dad Tries To Eat Surstromming - The Stinkiest Food In The World. This Is Hilarious!
Three Men Rescue A Bear Who Had Its Head Stuck In A Bucket For Days
