FOR IMMEDIATE RELEASE
May 2, 2018, Alexandria, VA—The American Gear Manufacturers Association (AGMA) Foundation received a $100,000 donation from Linda and Bipin Doshi, formerly of Schafer Industries. The announcement to endow a scholarship award through the AGMA Foundation was made to members at the 2018 AGMA/ABMA Annual Meeting in Naples, Florida last week. The $100,000 donation is the largest single gift ever received in the AGMA Foundation’s 22 year history. The Doshis have been very active leaders with AGMA and AGMA Foundation Boards for many years.
With this endowment, the AGMA Foundation will annually grant a, “Linda and Bipin Doshi Scholarship” to a top scholarship applicant. The AGMA Foundation annually grants scholarships to students who are planning in a career in the gear industry, or in power transmission as it relates to the gear industry. Technical/Associate level students are eligible for $2,500 scholarship awards, while Undergraduate and Graduate students are eligible for $5,000 awards. The first “Linda and Bipin Doshi Scholarship” will be granted in August 2019.
“This generous gift will make a real difference in the lives of many students, and will provide the gear industry with a strong talent pool,” says Cindy Bennett, Executive Director of the AGMA Foundation. “The future of the AGMA Foundation Scholarship program depends upon the generosity of donors such as Mr. and Mrs. Doshi. The Linda and Bipin Doshi Scholarship Endowment will grow and perpetuate excellence in the gear industry for many years to come.”
For more information on the endowment, please contact email@example.com. For further information about the AGMA Foundation Scholarship Program, please visit www.agmafoundation.org.