04-26-2015, 07:22 AM
It is a LOT more than just $250,000 a year. Try $1 million. Quoted from the article:
http://www.hawaiitribune-herald.com/news...s-jeopardy
The TMT Observatory Corp. launched the fund, which provides $250,000 a year to Pauahi Foundation and $750,000 a year to Hawaii Community Foundation, last November to support science, technology, engineering and math (STEM) education on the island.
A TMT spokeswoman said that fund will last for as long as the 180-foot-tall observatory sits on Mauna Kea. It has an existing sublease until 2033 and is designed to last for 60 years.
The Pauahi Foundation, which supports Kamehameha Schools, is using its share to award scholarships to Hawaiian students from the island who are pursuing STEM degrees.
Pauahi Executive Director Keawe Liu said in an email that about 40 Hawaiian students will receive scholarships this year and is expected to increase to 85 students annually in four years.
http://www.hawaiitribune-herald.com/news...s-jeopardy
The TMT Observatory Corp. launched the fund, which provides $250,000 a year to Pauahi Foundation and $750,000 a year to Hawaii Community Foundation, last November to support science, technology, engineering and math (STEM) education on the island.
A TMT spokeswoman said that fund will last for as long as the 180-foot-tall observatory sits on Mauna Kea. It has an existing sublease until 2033 and is designed to last for 60 years.
The Pauahi Foundation, which supports Kamehameha Schools, is using its share to award scholarships to Hawaiian students from the island who are pursuing STEM degrees.
Pauahi Executive Director Keawe Liu said in an email that about 40 Hawaiian students will receive scholarships this year and is expected to increase to 85 students annually in four years.