Create the Future
The Florida Tech Capital Campaign
Dr. Ondrej Doule conducts research on Lunar Greenhouse concepts.
“The journey begins with one goal clearly in mind, to be one of the ten most respected private technological universities in the world.”
-Anthony J. Catanese, Ph.D., FAICP, President and Chief Executive Officer

At the dawn of the space race and the birth of NASA, Florida Institute of Technology set its course for the stars. Its destiny: to be one of the top ten private technological universities in the world.

Today that dream is about to become reality.

At Florida Tech we are immersed in the wonders of technology. Our outlook is energized by a unique entrepreneurial spirit. Our campus is strikingly global, diverse and forward thinking. Our passion for student success is evident in all we do.

A world-class university begins with extraordinary people—faculty who are superior teachers and whose interest in their fields of study quite naturally leads them to leadership in research, innovation and scholarship. These people are here today at Florida Tech. They work, lead, mentor and share their passion for knowledge with FIT students every day.

A world-class university requires extraordinary resources—facilities and solid financial underpinnings that allow a virtually limitless array of inquiry and complex endeavors to be constantly in motion. Florida Tech classrooms, our library, laboratories and research facilities are incubators of ideas that spark innovation and discovery. Nurturing this noble pursuit across FIT is at the very heart of the Create the Future Campaign.

The Human Centered Design Institute research scientists design, develop and test new instruments and systems on Airbus 320 and Boeing 737 cockpit research simulators to enhance safety and reduce human error.
“Florida Tech has made amazing progress, improving its visibility and reputation worldwide. Now we need additional resources to achieve our vision of becoming one of the top 10 technical universities in the world. This capital campaign is a vital step in that direction.”
-Phillip W. Farmer, Chairman, Board of Trustees
A Message from the President

Dear Friends,

Florida Institute of Technology’s remarkable journey of growth is inspired by the vision that we create the future. A thorough knowledge of who we are and what we can accomplish propels the ambitious $100 million Create the Future campaign. By fulfilling this vision, we will meet our destiny.

Through gifts from alumni, friends, corporations and foundations, and the talents of an incredibly supportive community, we are well on our way to becoming one of the world’s most respected technological universities.

FIT is an emerging leader on the world stage—a stage where few other private technological universities stand. Through the Create the Future campaign, we can achieve this and more, together.

Working together, we embrace the future. Together, we will transform our world for the better. Thank you, as always, for your support.

Sincerely,

A.J. Catanese, Ph.D., FAICP
President and Chief Executive Officer

Extraordinary people providing solutions to global problems

As one of this country’s fastest growing universities and a leader in research and STEM education, FIT is uniquely rooted in the classroom and laboratory experience. Here, the student and the professor come together—here, high tech meets human touch—here, learning reaches beyond knowledge and makes the leap to inquiry, exploration and innovation—here, the very essence of creativity and problem solving lives and thrives.

Science and technology, research, and entrepreneurship, all these are increasingly seen as the hope of a better life, for our children, our communities, our nation and our world.

In the daily rhythm of life at Florida Tech, undergraduates as well as graduate students take part in activities that include breast cancer and Alzheimer’s research, autism behavioral therapies, development of rocket propulsion systems, exploration of alternative energy, software security protection, and projects that involve everything from astronomy and aeronautics to psychology and particle physics.

The solutions to problems large and small are being developed by FIT today for implementation around the globe for the benefit of mankind.

The Scott Center for Autism Treatment is dedicated to applying research and high quality treatment and training to improve the function and quality of life of children with ASD and related disabilities in Central Florida.
Setting our course for the stars

A great university is marked by an ability to lead inquiry into, be immersed in, and immediately respond to new developments happening simultaneously around the world.

From engineering and economic trends to breaking news in biomedical science and business, FIT seeks emerging opportunities in a wide array of fields and expands those opportunities to make a difference.

Establishing a solid financial foundation of endowment for the university will undergird all future efforts. Program funds will allow our students and faculty greater opportunities for global research and exploration. Endowed faculty chairs will ensure that the excellence of our teaching faculty will always be a hallmark of FIT. Endowed scholarships will assure that students of exceptional promise will always have access to FIT regardless of their family’s financial means.

This is the future that FIT will create
F.W. Olin Physical Sciences Center at Florida Tech is home to the Ortega 0.8-meter (32-inch) telescope—the largest research telescope in Florida.
Discovery informs all that we do

Our expansion of knowledge, sharing of expertise and the emphasis we place on hands-on-learning and the close student-faculty relationship make FIT a rarity among great technological research universities.

FIT’s commitment to educating the whole student, by embracing the sciences, humanities and the arts, adds to this unique educational environment and creates fertile ground for interdisciplinary collaboration, creativity and entrepreneurial innovation.

Among the Create the Future campaign’s highest priorities is the need to transform and significantly add to the spaces for learning and studying that are central to a world-class university. In addition to meeting the demand for classrooms and leading-edge laboratory and library space to match the growth in student enrollment, the university seeks to transform current spaces to facilitate more team and interdisciplinary study and to accommodate the increased scale of high-tech equipment needed in classrooms and laboratories today.

Accomplishment of this priority is critical to meet the needs of educating students in the 21st century.

Drs. Alan Leonard and Julia Grimwade collaborate to characterize nucleoprotein complexes involved in initiation of DNA replication in bacteria—learning which advances research findings in the areas of human cell growth and cancer.
Curiosity and a desire to create a better world combine with knowledge to propel innovation

Florida Tech has mastered the art of looking out while looking in. Attuned to the world and its infinite possibilities and respectful of the planet and all its wonders, Florida Tech purposely designs systems for students to look inward and explore ideas consistent with their own interests.

The opportunity to create their own projects and develop their own designs while working closely with world-renowned faculty is one of the most compelling reasons students enroll at Florida Tech. For their part, FIT faculty value student inquiry and devote time and attention to their projects as an investment in the future, knowing that they are mentors to students who will be good stewards, global citizens and pioneering designers.

One capstone of the undergraduate experience is the student design showcase. Teams of engineering and science students demonstrate that they can conceive of, design and implement projects as diverse as the development of a system for detecting shielded nuclear contraband to the design of a hurricane home-monitoring system.

Now more than ever, the development and design of innovative, highly technical projects require large, extremely flexible spaces with sophisticated laboratory components. Toward this goal, the Create the Future campaign priorities include establishment of a dedicated Student Design Center.

Biomedical research interests include the interaction of short pulse lasers with applications including detection and treatment of tumors in tissues.
Often just a spark of insight, a line of inquiry that departs from the traditional path ...

... research is nascent in its beginnings. To survive, it needs a healthy filtering of options, establishment of controls and an exploration of alternative possibilities. To thrive and evolve, it needs significant caches of both time and money.

Today, Florida Tech is recognized as one of the top 200 universities in the world. FIT is annually lauded as a Tier One Best National University and is the only private technological university in the southeastern United States.

In addition to over a dozen research centers devoted to advances in fields as diverse as autism and hydrogen fuel research, five new interdisciplinary research institutes were recently initiated and include the Institute for Marine Research. Supporting the work of these initiatives is a significant focus of the Create the Future campaign.

Transformation of the Vero Beach Marine Laboratory into a world-class marine research facility, complete with a community education center, will provide an exceptional coastal education and research hub for the university and for the Space and Treasure Coasts of Florida.

Joe Mullin ’73— The Vero Beach Marine Laboratory is a four-acre property that features ready access to coastal organisms and the study of physical and geological processes of the coastal zone. Greenhouses and large tank systems are available for studying aquaculture, behavior and ecology of marine animals. Classrooms, offices and dry laboratory facilities are provided in the main laboratory building, which is equipped with seawater tables and a flow-through system.
Life at Florida Tech is enriched by a strong sense of community

FIT’s campus is characterized by a distinctive sense of place, energized by a vibrant dose of Panther spirit. Woven into the very fabric of this community is a remarkable diversity that brings an international flavor to life at Florida Tech.

Students expand their horizons intellectually, artistically and in service. They push their physical limits, strengthen their skills and practice teamwork through athletics. They are given numerous opportunities to model sustainability, steward resources wisely and be responsible global citizens.

Living together in community—competing on athletic fields, socializing in the dining hall, studying together in the library—is an experience that teaches students to live in a complex and interconnected society.

A strong athletic program, backed by a Varsity Training Center and complete with an indoor batting cage, is essential to meet the needs of our enrollment growth. New construction and renovation to the Melbourne boathouse, known as the Anchorage, will support a rowing and sailing center that takes full advantage of the location on the Indian River Lagoon. Strengthening the boathouse’s research capacity will support the department of marine and environmental systems’ exploration of the extraordinarily diverse and environmentally threatened Indian River Lagoon, which is one of this country’s most significant ecosystems.

Let’s Create the Future, Together

The Create the Future campaign’s goal of $100 million is the spark that will ignite innovation. Through current and planned gifts, the university will establish new endowments and ensure FIT’s ability to respond rapidly to change and pursue timely opportunities. Through capital projects, the university looks forward to placing the campus and its facilities in the forefront of research and learning spaces for the next phase of the 21st century.

Ways to Give

Alumni and friends of Florida Institute of Technology may choose to make a single gift or spread their contribution over a period of up to five years. Gifts of appreciated securities offer donors special tax advantages, as do gifts of retirement plans. Some donors may wish to explore the benefits of giving through life income plans (charitable remainder trusts, charitable lead trusts or charitable gift annuities) and others may wish to consider gifts of real estate or other property. Florida Tech stands ready to assist you with your gift plans to help you determine the most advantageous way for you to give. Please contact the Office of Development.

Naming Opportunities

For donors who wish to honor a family member, pay tribute to an important person in their life or commemorate someone special, there are a number of naming opportunities available. Endowed funds for programs, faculty support or student scholarships are available for naming beginning at the $25,000 level. If you wish to explore a naming opportunity, please contact the Office of Development.

Join us today and become a part of something special.
Campaign News
Florida Tech Concludes Record-Setting $123.4 Million Campaign
04/25/2016

‘Create The Future’ enhances educational resources for students

MELBOURNE, FLA.— Shattering university fundraising records and setting a new high water mark for Space Coast philanthropy, Florida Institute of Technology raised $123.4 million for its Create The Future campaign.

The total was announced Saturday evening at a black-tie gala on the Melbourne campus. More than 400 university supporters, alumni and community leaders filled the Clemente Center to celebrate the successful conclusion of the campaign—the most ambitious fundraising effort in Florida Tech’s nearly 60 year history, and the largest effort of its kind ever launched in Brevard County.

“When we first conceived the idea of the $100 million Create The Future campaign, some said that it could not be done,” said Florida Tech President and CEO Anthony J. Catanese. “That such a high-reaching endeavor was too ambitious for a university of our age, our size, our location. That we needed to be 100 years older, thousands of students larger, or located in a major metropolis to fundraise at that level.

“What this campaign has affirmed for us, and demonstrated to others, is that Florida Tech is a university which routinely exceeds expectations,” Catanese added. “With hard work, determination, and careful planning, possibilities arise that would not otherwise exist. We are grateful to our many friends and supporters for making this campaign possible.”

The campaign earned a number of key gifts, including:

  • Research and Development Center—$13.1 million, 100,494-square-foot facility gift from the Intersil Corporation to create a new center for science and technology on Palm Bay Road
  • Harris Student Design Center—$1 million gift from Harris Corporation to fund the 11,500-square-foot facility for students to construct science and engineering projects
  • The Foosaner Art Museum—$1 million gift to reestablish the former Brevard Art Museum in downtown Eau Gallie

Other important gifts have supported programs such as the Nathan Bisk College of Business, allowing for its expansion and relocation to Babcock Oaks. Donations have benefited numerous student scholarships and boosted the university’s endowment as well as supported programs and research at its five colleges, two museums and library.

The public phase of the Create The Future campaign launched in January 2014, with its goal of supporting the priority needs of the university and enhancing educational resources for students. Florida Tech’s last fundraising effort, The Golden Anniversary Campaign, concluded in 2009 and raised $60 million.

The Create The Future campaign’s successful conclusion is a fitting tribute to Catanese’s tenure as president. He will retire June 30 after 14 years as Florida Tech’s leader and join the university faculty.

Florida Tech, which serves approximately 16,000 students annually, has collected a number of accolades over the past several months, including being ranked one of the top 20 universities in the world by the Times Higher Education, based on size. Florida Tech is also annually recognized as a Tier One Best National University by U.S. News and World Report and has been named one of the best colleges in the nation for return on investment by PayScale.com.

Watch video highlights of the gala by clicking here.

 

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Florida Tech Concludes Record-Setting $123.4 Million Campaign Florida Tech Concludes Record-Setting $123.4 Million Campaign 04/25/2016

‘Create The Future’ enhances educational resources for students

MELBOURNE, FLA.— Shattering university fundraising records and setting a new high water mark for Space Coast philanthropy, Florida Institute of Technology raised $123.4 million for its Create The Future campaign.

The total was announced Saturday evening at a black-tie gala on the Melbourne campus. More than 400 university supporters, alumni and community leaders filled the Clemente Center to celebrate the successful conclusion of the campaign—the most ambitious fundraising effort in Florida Tech’s nearly 60 year history, and the largest effort of its kind ever launched in Brevard County.

“When we first conceived the idea of the $100 million Create The Future campaign, some said that it could not be done,” said Florida Tech President and CEO Anthony J. Catanese. “That such a high-reaching endeavor was too ambitious for a university of our age, our size, our location. That we needed to be 100 years older, thousands of students larger, or located in a major metropolis to fundraise at that level.

“What this campaign has affirmed for us, and demonstrated to others, is that Florida Tech is a university which routinely exceeds expectations,” Catanese added. “With hard work, determination, and careful planning, possibilities arise that would not otherwise exist. We are grateful to our many friends and supporters for making this campaign possible.”

The campaign earned a number of key gifts, including:

  • Research and Development Center—$13.1 million, 100,494-square-foot facility gift from the Intersil Corporation to create a new center for science and technology on Palm Bay Road
  • Harris Student Design Center—$1 million gift from Harris Corporation to fund the 11,500-square-foot facility for students to construct science and engineering projects
  • The Foosaner Art Museum—$1 million gift to reestablish the former Brevard Art Museum in downtown Eau Gallie

Other important gifts have supported programs such as the Nathan Bisk College of Business, allowing for its expansion and relocation to Babcock Oaks. Donations have benefited numerous student scholarships and boosted the university’s endowment as well as supported programs and research at its five colleges, two museums and library.

The public phase of the Create The Future campaign launched in January 2014, with its goal of supporting the priority needs of the university and enhancing educational resources for students. Florida Tech’s last fundraising effort, The Golden Anniversary Campaign, concluded in 2009 and raised $60 million.

The Create The Future campaign’s successful conclusion is a fitting tribute to Catanese’s tenure as president. He will retire June 30 after 14 years as Florida Tech’s leader and join the university faculty.

Florida Tech, which serves approximately 16,000 students annually, has collected a number of accolades over the past several months, including being ranked one of the top 20 universities in the world by the Times Higher Education, based on size. Florida Tech is also annually recognized as a Tier One Best National University by U.S. News and World Report and has been named one of the best colleges in the nation for return on investment by PayScale.com.

Watch video highlights of the gala by clicking here.

 

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Rob and Deborah Phebus Gift $5M to Florida Tech-based Endowed Scholarship Rob and Deborah Phebus Gift $5M to Florida Tech-based Endowed Scholarship 05/26/2015

Gift Continues the Phebuses’s Many Years of Involvement With Florida Tech

MELBOURNE, FLA. — Robert and Deborah Phebus have gifted $5 million to their Phebus Family Endowed Scholarship established at Florida Institute of Technology.

Rob Phebus earned his bachelor’s degree in management science from Florida Tech in 1974 before earning an MBA at Notre Dame and then embarking on a 32-year, globe-spanning career at Ford Motor Company.

Phebus, who vacationed in Florida as a child before later coming to Melbourne for college, remained attached to the Sunshine State even as his work with Ford took him and Deborah to cities in North and South America, Asia and South Africa. He worked in engineering, manufacturing, banking, international operations, marketing and sales, and in mergers and acquisitions before retiring in 2008 as CFO of Ford Motor Company of Southern Africa.

The gift continues the Phebuses many years of involvement with Florida Tech.

Rob Phebus has served as president of the Florida Tech Alumni Board, and when the Phebuses retired to Melbourne, Rob resumed his active role in the Florida Tech community – this time as a member of the Board of Trustees. He is currently vice chairman of the board.

In 2013, Phebus was awarded the university’s highest honor, the Jerome P. Keuper Distinguished Alumni Award.

In 2000, the Phebuses established the Phebus Family Endowed Scholarship Fund at Florida Tech with a gift of appreciated stock valued at more than $160,000. They saw an opportunity to make a significant gift to the university: With the Olin Foundation matching gifts to Florida Tech and thanks to the matching gift programs at both Ford Motor Company and American Express, where Deborah worked, they realized that their gift effectively could triple in value. “I gained so much from going to Florida Tech. I wanted to give back,” Rob Phebus said.

Since its inception, the scholarship fund has allowed students to earn scholarships based on scholastic merit. Students are selected based on their academic success and their track record of giving back to the community through involvement with campus life and student activities.

“We wanted to do something for the student who works really hard and gets involved,” he said.

From the first gift to establish the Phebus Family Endowed Scholarship, the Phebuses hoped they could someday build the endowment to the point where it would provide a full-tuition scholarship for each recipient. With their $5 million gift to the endowment, the interest earnings on the endowment may make half a dozen full-tuition scholarships possible.

The Phebuses long history of support for Florida Tech helps solidify the university’s future, said Florida Tech President and CEO Anthony J. Catanese.

“Every great university is distinguished by the commitment of its alumni who ensure that the traditions of their alma mater not only continue, but flourish,” Catanese said. “These are the gifts that will ensure Florida Tech has the wherewithal to rise to even greater achievements long after we have all passed from these halls.”

The Phebus Family Endowed Scholarship is part of Florida Tech’s effort to raise $100 Million for The Create the Future campaign. Launched in January 2014, the campaign has one goal: to secure the financial resources for Florida Institute of Technology to become one of the ten most respected technological universities in the world. Endowed scholarships are a vital part of the university’s commitment to enroll extraordinarily talented students. Learn more at http://createthefuture.fit.edu/.

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Florida Tech to Receive Two $1M Gifts Florida Tech to Receive Two $1M Gifts 02/12/2015

Funding from the Bottcher and Mertens Families to Help Engineering Students

MELBOURNE, FLA. — They have different backgrounds, life experiences and work histories, but the Brevard County residents Carl and JoAnn Bottcher and Lawrence and Margarete Mertens have one important thing in common: their desire to make the world a better place by harnessing the power of a Florida Institute of Technology education.

The university is pleased to announce two separate, $1 million gifts to its Create the Future campaign that will fund the Carl and JoAnn Bottcher Endowed Scholarship and the Lawrence and Margarete Mertens Endowed Fellowship.

Both endowments will assist students in the university’s College of Engineering.

“From their vantage point as friends of the university, the Bottcher and Mertens families have seen the power and potential of a Florida Tech education,” said university President and CEO Anthony J. Catanese. “We are honored and delighted that both the Bottchers and the Mertenses share our belief in the transformational impact our engineering programs can have on our students, the community and our world.”

Each in their own way, the donors have experienced Florida Tech and seen its merits first-hand.

Lawrence Mertens worked with the university’s founding president, Jerome Keuper, during the early days of the space program at the Cape.

“We are very impressed with the university’s development from the tiny Brevard  Engineering College we knew in the 1960s,” said Mertens, an electrical engineer who worked for years on the Cape and was later named chief scientist at RCA. He served as an adjunct professor of oceanography at Florida Tech, as well.

“We’d like to see the fellowship given to someone who works hard and has the potential to make a real contribution to their field,” Mertens continued. “We hope it will help someone who will make the world a better place in some way.”

Carl Bottcher, who elevated the family-owned, Worcester, Mass.-based painting business his father started to one of the leading companies in the Boston area, with clients including Norton Company and Fidelity Investments, is eager to affect the future, too.

Bottcher has long worked with civil and electrical engineers, so a visit to the Florida Tech campus included a tour of the College of Engineering facilities in the Olin Engineering Complex as well as chats with Dean Martin Glicksman, faculty and students. The Bottchers attended the Senior Design Competition and, eventually, saw most of the campus.

“We realized Florida Tech has enormous potential to impact the way we live,” Carl Bottcher said. Today’s Florida Tech students are the innovators, entrepreneurs and scientists of the future and Florida Tech’s 60,000 alumni work around the world and have a global impact on business, industry and innovation.

He later added, “My Dad gave so much of his personal talent to others and to the world. I want the recipients of this scholarship to give back from their knowledge and talent to society.”

“The establishment of an endowment is a lasting legacy,” Catanese said. “These two endowments are a testament to how well the Bottchers and the Mertenses understand that education is the most empowering gift a young person can receive.”

Launched in January 2013, the Create the Future campaign is a $100 million initiative with one goal firmly in mind: to secure the financial resources to help Florida Institute of Technology become one of the 10 most respected technological universities in the world. Increasing the university’s endowment is a key priority of the Create the Future campaign.

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From Dad Vail to Dubai, FIT Covers the Globe From Dad Vail to Dubai, FIT Covers the Globe 08/15/2014

The Florida Tech Alumni Association Rallies the Support of Alumni Around the World

MELBOURNE, FL. — From the National Press Club in Washington, D.C., to the Schuylkill River in Pennsylvania and on to Abu Dhabi, President Catanese and Vice President for Alumni Affairs Bino Campanini brought the momentum of the Create the Future campaign to alumni this spring. Since January Florida Tech alumni have gathered for receptions in D.C., Orlando, Seattle, Philadelphia, Abu Dhabi, Dubai, Boston and New York to hear about Florida Tech’s vision to be one of the top 10 private technological universities in the world.

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Endowment Honors Physics Professor Endowment Honors Physics Professor 08/15/2014

The Dr. and Mrs. Pieter S. Dubbelday Scholarship Endowment in Physics celebrates Dubbelday’s career and scientific achievements

MELBOURNE, FL. — Establishment of an endowment is a wonderful way to honor a mentor, professor or family member. Recently an anonymous donor created an endowment fund to honor Dr. and Mrs. Pieter S. Dubbelday and to provide scholarships for current students. Dr. Dubbelday, third from right in departmental photo at right, taught Physics and Oceanography at Florida Tech from 1961 to 1981. As a professor, he was known for his intellect, integrity, and dedication to students which earned him the FIT Teacher of the Year in 1980 at the annual award ceremony staged by the Student Government Association. The first Dr. and Mrs. Pieter S. Dubbelday Scholarship award will be made in 2016. FIT alumni, colleagues and friends of the Dubbeldays are invited to contribute to the scholarship fund and are encouraged to contact Jeffrey T. Spoeri, Director of Development, at (321) 674-6162 or email jspoeri@fit.edu.

 

 

 

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Florida Tech’s Bisk College of Business Gets New Home Florida Tech’s Bisk College of Business Gets New Home 07/15/2014

Growing College Expands into Larger Facility

MELBOURNE, FLA. — Florida Institute of Technology’s Nathan Bisk College of Business is moving up—both in physical space and program prestige.

Home to some of the university’s fastest-growing academic offerings, the Bisk College of Business is expanding from its 5,800 square-foot location on campus to the 22,000 square-foot Babcock Oaks office building one mile north at 2202 S. Babcock St.

The purchase of this building was made possible by a new, generous gift from Nathan Bisk. The two-story, brick Babcock Oaks will become the headquarters for all business education programs and related community outreach beginning this fall, said Anthony J. Catanese, Florida Tech president and chief executive officer.

“This move would not have become a reality without the ongoing support of Nathan Bisk,” Catanese said. “Finding a more suitable home for our growing Bisk College of Business has been one of the priorities of our $100 million Create the Future campaign, and we are grateful to Mr. Bisk for making that future a reality. His vision and leadership serve as an inspiration to others.”

Bisk, the founder and chairman of Florida-based Bisk Education, is a national leader in continuing education and online learning and a member of the Florida Tech Board of Trustees. He presented Florida Tech with a $5 million gift in 2009 designed to enhance business offerings and strengthen online education, and the college was named in his honor at that time. The university continues to partner with Bisk Education on a range of well-respected online degrees, delivered through Florida Tech University Online.

A refurbished and renamed Babcock Oaks building will feature space for high-tech classrooms and a studio. There will also be shared space for students to create, collaborate on team projects and relax, said Ann Becker, dean of the Bisk College of Business. Previously, there were no classrooms in the business building on campus, as the college shared classroom space in separate buildings with other disciplines.

“We’re thrilled to have this opportunity to expand our physical space, and know that the benefits to our students will be real and immediately apparent,” Becker said. “We look forward to opening this new space as early as this fall.”

Becker said that, along with the college’s expanding outreach and programs, the new facilities will be critical to attracting high-achieving students. In an academic year, there are as many as 3,600 seats for students taking business classes. The approximately 150 classes taught annually are expected to double by 2023.

Becker said the timing is perfect, as the college is currently celebrating confirmation of the quality of its courses. Earlier this spring, the university announced that more than two dozen undergraduate and graduate-level programs in the Bisk College of Business earned accreditation by the International Assembly for Collegiate Business Education (IACBE), the leading outcomes-based, professional accreditation agency for business education at universities. Focused on excellence in teaching and learning, IACBE has accredited approximately 1,000 business and related programs both nationally and internationally.

The Bisk College of Business’s current campus home, built in 1982, will be repurposed for use by other university functions.

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Florida Tech Accepts $24.1 Million  Technology and Program Gift from PTC Florida Tech Accepts $24.1 Million Technology and Program Gift from PTC 03/31/2014

University Announces Center for Lifecycle and Innovation Management

MELBOURNE, FLA. — Continuing with its mission to provide opportunities for business and engineering students to develop real world product/process development skills, PTC (Nasdaq: PTC) on Monday, March 31, announced a collaboration with the Florida Institute of Technology to offer students the same industry technology used by 27,000 PTC global manufacturing customers to design and develop sophisticated products.

The gift, which will also foster collaborative educational experiences between Florida Tech’s Bisk College of Business and the College of Engineering, is valued by the university at $24.1 million. The gift is a significant contribution to Florida Tech’s Create the Future campaign which launched in January with a goal of raising $100 million to support the university’s future needs.

PTC will donate PTC Windchill®software for PLM process requirements and PTC Creo®software for CAD design to provide an environment for students to design, test and simulate the entire lifecycle associated with bringing new products to market. The PTC donation will form the core of Florida Tech’s Center for Lifecycle and Innovation Management and will be integrated into its management information systems curriculum. The university will provide projects for students to complete, giving them an opportunity to understand and implement best-practices in an actual design, production and management environment.

“Florida Tech’s goal is to be one of the 10 most respected private technological universities in the world,” said Florida Tech President and CEO Anthony J. Catanese. “Delivering this type of quality program to students helps them prepare for business and engineering careers with companies located along the Space Coast as well as around the globe.”

The Georgetown Center on Education and the Workforce indicates there will be 2.4 million jobs created in STEM fields in the U.S. by 2018. The need for more graduates in science, technology, engineering and math is felt by many global manufacturers, which makes it critical that universities like Florida Tech are successful in building a qualified work force to fill the pipeline with graduates capable of entering an increasingly technical work world.

In addition to donating software to the university, PTC is providing 20 scholarships for students that want to develop expertise in PTC Creo and PTC Windchill business and system administration.

“The global design process adopted by many manufacturers requires an understanding of Product Lifecycle Management and is a necessary skill for graduating students,” said John Stuart, senior vice president, global education, PTC. “Manufacturers want people that understand all aspects of smart, connected product design to help them make smarter decisions to build better products. PTC is glad to work with the Florida Institute of Technology to integrate world-class technology into its curriculum to achieve that goal.”

Florida Tech is an international leader in education annually serving more than 16,000 students through its Melbourne campus, extended studies sites across the country and online programs. In 2013, Florida Tech was recognized as one of the top 200 universities in the world by theTimes Higher Education of London. The university has been named the third-fastest-growing private nonprofit research institution in the United States by the Chronicle of Higher Education, and is also annually ranked a Tier One Best National University by U.S. News & World Report.

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Florida Tech Announces Record-Setting $100 Million Campaign Florida Tech Announces Record-Setting $100 Million Campaign 01/27/2014

‘Create the Future’ Effort Largest Fundraising Drive in University’s History

MELBOURNE, FLA.—Creating the future requires commitment today.

That was the message as Florida Institute of Technology launched a $100 million campaign Saturday during a black tie President’s Ball on the Melbourne campus. More than 300 university supporters, alumni and community leaders filled the Clemente Center to celebrate the launch of the Create the Future campaign—the most ambitious fundraising effort in Florida Tech’s 55-year history, and the largest effort of its kind ever launched in Brevard County.

“This university’s remarkable journey of growth is inspired by the vision that we create the future,” said Florida Tech President and Chief Executive Officer Anthony J. Catanese. “The journey begins with one goal clearly in mind, to be one of the 10 most respected private technological universities in the world. This campaign, with its primary goal of increasing our endowment, will secure Florida Tech’s future.”

“Florida Tech has made amazing progress, improving its visibility and reputation worldwide,” said Phillip W. Farmer, chairman of the Florida Tech Board of Trustees. “Now we need additional resources to achieve our vision of becoming one of the top 10 technological universities in the world. This campaign is a vital step in that direction.”

The Create the Future campaign encompasses several priorities, including:

  • Growth of the university’s endowment, which currently stands at $60 million. Endowment funds support scholarships for high-achieving students as well as professorships designed to attract leading experts to campus for teaching and research. Endowed funds can also support programmatic endeavors and sustain new or already-completed capital projects.
  • Funds for a new facility for the Nathan M. Bisk College of Business. The college requires additional space to advance its entrepreneurial approach to business education.
  • Improvements to the Vero Beach Marine Lab, designed to make it a showplace for ocean research.
  • Enhancements to the Anchorage on Melbourne Harbor to transform it into not only a world-class rowing facility, but also a well-equipped location for ongoing environmental research.

Florida Tech’s last campaign, The Golden Anniversary Campaign, concluded in 2009 and raised $60 million.

The university, which serves 16,000 students annually, has collected a number of accolades over the past several months, including being named one of the top 200 universities in the world in the Times Higher Education (THE) World University Rankings 2013-14. Florida Tech is also annually recognized as a Tier One Best National University by U.S. News and World Report and has been named “Best College for Return on Investment in Florida” by Bloomberg Businessweek. The Chronicle of Higher Education Almanac has listed Florida Tech as one of the fastest-growing campuses in the country.

For more information on the campaign, visit: http://createthefuture.fit.edu.

 

 

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The post Florida Tech Announces Record-Setting $100 Million Campaign appeared first on Florida Tech Newsroom.

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Endowment FAQ

Q. What is FIT’s current endowment?

A. President Catanese: “Our endowment is currently $60 million, but we’d like to see it at $100 million. As a private university, it’s very important to attract the best students. Our paramount goal is to be one of the Top 10 technological schools in the world. I’m very confident that it’s going to happen.”

Q. How does an endowment help to attract the best students?

A. President Catanese: “Endowments are a financial pipeline backing specific budget areas, year after year in perpetuity. Faculty chairs ensure that Florida Tech will be able to offer the best faculty in the world competitive salaries and research opportunities. These faculty attract high achieving students. Then we have a financial pipeline for student scholarships that allows the best scholars to study at Florida Tech. Combine that with a financial pipeline to create new programs and one to upgrade facilities year after year, and you can see that is a winning formula to keep FIT among the top 10 private research universities in the world. I’ve heard it said that the only thing that separates Florida Tech from Harvard is the size of our endowment. It’s time to change that.”

Q. How does an endowment work?

A. Executive Vice President and Chief Operating Officer T. Dwayne McCay: “The initial gift of endowment, for example $25,000, is held by the university in perpetuity and never spent. After the gift has had a chance to earn interest by being invested for a 12-month period, 5% is withdrawn from the accumulated earnings and is funneled into the next budget cycle to fund whatever the endowment is intended for, perhaps a scholarship. Therefore a $25,000 gift can fund a $1,250 scholarship every year. The initial gift will grow in good years as the fund reinvests any earnings above the 5% draw. Just like a 401k or IRA, the sooner you start an endowed fund, the better chance you have for it to grow ever your lifetime and spin off larger scholarship awards.”

Q. Why is endowment so important?

A. Senior Vice President for Development Susan St. Onge: “Endowment creates income you can count on year after year. The university has an annual budget, which is largely made up of tuition, gifts and earned income—all of which are subject to fluctuations and changes in the economy. The larger the endowment, the stronger the university’s financial position since we know we can count on the money it earns. It is always there and always growing. Endowment makes Florida Tech less dependent upon tuition and allows us to budget spending for the really exceptional, cutting edge items that distinguish a world-class university.”