On December 5, 2017, 3M and the University of Minnesota announced a major investment by 3M to benefit the next generation of scientists, engineers, and business leaders. 3M’s $26 million investment in the University’s Driven campaign, which spans a 10-year period, includes a new $8 million commitment to support scholarships and outreach programs. This investment is helping to build a pipeline of high-performing and diverse global talent; integrate science, technology, engineering, and math (STEM) into K-12 education; and prepare students to succeed in science and business.
“This gift reflects our ongoing commitment to the University of Minnesota, and STEM and business education,” said Kim Price, president of the 3M Foundation. “Investing in our students today ensures a solid foundation for our scientists, business leaders, and community of the future.”
3M’s current investment to the University brings the company’s lifetime total to nearly $120 million in both cash and products. Through these investments, 3M has had a positive impact on the lives of thousands of students through mentorships, merit-based scholarships, and investments in state-of-the-art facilities.
Support has been greatest for the College of Science and Engineering (CSE) and Carlson School of Management, two of the top programs of their kind in the country.
"As our largest and longest-standing corporate partner, 3M and its legacy are inextricably linked to us, Minnesota’s only comprehensive, public research university," said University of Minnesota President Eric Kaler. "3M helped shape my own future as a scientist and a leader, and, with today's newest wide-ranging investments, together we will continue to drive Minnesota's culture of innovation, support a critically-needed K-12 STEM pipeline, and educate the next generation of leaders. The University and 3M are ideal partners enhancing the vitality of this state while making a real difference across the globe."
- The campaign, which includes all five University campuses, will rank among the top five campaigns of public universities nationwide.
- A College of Design alumnus and spouse have committed $3 million to support graduate students studying landscape architecture.
- Minnesota Masonic Charities accelerates its pledge payments and provides an influx of $25 million for the Masonic Cancer Center to use over the next two years.
- Carlson family philanthropy now stands at over $68 million in gifts to the University, ranking the family as the U's largest individual contributor.