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SAN ANTONIO -- Valero Energy officials gave $2.5 million to support graduate students in engineering and business, helping to strengthen the pipeline for leadership in these fields at the University of San Antonio (UTSA). The investment also advances UTSA's bid toward recognition as a premier research university, according to UTSA Today.
The gift from Valero Energy Foundation, the charitable arm of refiner and convenience store operator Valero Energy Corp., will be submitted for matching funds made available by the Texas Legislature through the recently approved Texas Research Incentive Program (TRIP).
"This gift demonstrates the Valero Foundation's commitment to education in San Antonio," said Valero Chairman and CEO Bill Kleese in the report. "It is our hope that these scholarships will help people get a quality education and enable them to work at companies like Valero in the future."
UTSA will establish two graduate fellowship funds—each endowed with $1.25 million—in both the College of Engineering and the College of Business, two of the fastest growing colleges at UTSA and in Texas, the report stated.
"The strategic vision that motivated this gift and its impact to change lives reflects Valero's keen focus on building better communities," said UTSA President Ricardo Romo. "Even in tough economic times, Valero again demonstrates leadership in philanthropy by investing in opportunities for San Antonio students to be successful."
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