Corporate and Financial
Brunswick Foundation Awards $550,000 in Scholarships to Sons and Daughters of Company Employees
LAKE FOREST, Ill., May 15, 2008 – The Brunswick Foundation has awarded a total of $550,000 in scholarships to 100 sons and daughters of Brunswick Corporation (NYSE: BC) employees.
This year, the Foundation granted 50 multi-year scholarships, which provide $2,500 per school year until completion of studies ($10,000 maximum), and 50 single-year $2,500 scholarships.
The winners span across 39 Brunswick locations worldwide, and represent all Brunswick business units: Brunswick Boat Group, Brunswick Bowling & Billiards, Life Fitness and Mercury Marine.
“We are proud to assist these individuals in their quest to obtain further education," said Adrian W. Sakowicz, president of the Brunswick Foundation and vice president – community relations and corporate marketing alliances for Brunswick Corporation. “Higher education is very important to us and we are deeply committed to this program."
Scholarship recipients are selected by an impartial, independent committee comprised of professionals from Northwestern University, Evanston, Ill., University of Chicago Graduate School of Business, University of Notre Dame, South Bend, Ind. and Marquette University, Milwaukee, Wis. Scholarships are awarded based on the applicant's academic record and leadership abilities as demonstrated by extracurricular activities. Financial need is an additional consideration for the single-year awards, and scholarships can only be used toward a baccalaureate degree.
The Brunswick Foundation, which celebrates its 51st anniversary this year, has been awarding scholarships to the children of Brunswick employees since its inception in 1957. In total, the Foundation has awarded more than $9 million in scholarships during that time.
About Brunswick Foundation
Brunswick Corporation (NYSE: BC), founded in 1845, today is the world's leading maker of pleasure boats, marine engines, fitness equipment and bowling and billiards products. Established in 1957, the Brunswick Foundation is a 501(c)(3) charitable organization which seeks to enhance the interests of Brunswick Corporation employees and the communities in which they live and work, as well as support causes and projects that complement the business interests of the company. This year, the organization celebrates its 51st anniversary.
Contact: Arianne Venuso
Manager – Corporate Communications
Phone: 847-735-4341
Email: arianne.venuso@brunswick.com
