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SOURCE PowerPlan, Inc.
Endowment to provide $5,000 annually to qualified Georgia Tech undergrad
ATLANTA, Oct. 17, 2013 /PRNewswire/ -- PowerPlan, Inc., an Atlanta-based enterprise software company, today announced the establishment of an endowment fund for the Georgia Institute of Technology.
The PowerPlan Scholarship Endowment Fund will annually provide a one-year $5,000 scholarship to an undergraduate student at the Institute. The first PowerPlan Scholarship was awarded in August for the 2013-2014 academic year to a recipient selected by the Institute's Office of Scholarship and Financial Aid.
The Fund was created by PowerPlan to recognize the contributions and accomplishments of two executives: Mark E. Heinemann and Patricia G. Pelling, company co-founders and executive vice presidents. The two combined their expertise in utility financial systems, enterprise software architecture and corporate leadership to develop a robust software suite that addresses the specific needs and requirements of companies whose assets drive their revenues.
Both recent and seasoned Georgia Tech graduates have proven to be a rich source of talent for PowerPlan – named one of the fastest growing private companies by several different local organizations in 2013 – since its founding in Atlanta in 1994.
"Mark and Pat were integral in creating PowerPlan, envisioning its growth and steering its success as a leading software solutions company for asset-intensive organizations," said John Andrus, CEO, PowerPlan. "Just as they have inspired PowerPlan employees, this new annual scholarship will motivate and support future generations of students at Georgia Tech."
The establishment of this endowment fund to benefit Georgia Tech students builds on PowerPlan's deep heritage of community giving. Among other initiatives, the company's internal PeoplePower network regularly arranges volunteers for programs like Habitat for Humanity, backpack drives for less fortunate students and food drives.
"We are grateful for this significant financial commitment to the Institute," said Georgia Tech Vice Provost for Enrollment Services, Paul Kohn. "We know the PowerPlan Scholarship Endowment Fund will make meaningful and long-lasting contributions to the educational development and accomplishments of our students."
A PowerPlan Scholarship will be awarded annually to an undergraduate student who has demonstrated financial need, with preference for qualified students who have earned a grade point average of 3.4 or greater. Further preference will be given to students who are pursuing degrees in the College of Engineering, the Ernest Scheller Jr. College of Business, the College of Computing or the School of Mathematics in the College of Sciences.
PowerPlan is an enterprise software company devoted to helping asset-centric businesses optimize their financial performance. PowerPlan combines purpose-built software for asset centric accounting, tax and budgeting/analytics with domain expertise to help executives generate cash, mitigate compliance risk and enable a culture of cost management. The world's most demanding asset-intensive companies trust PowerPlan to manage more than $2.3 trillion in assets today. PowerPlan is a privately held company based in Atlanta, GA. For more information, call 770.859.0402; email firstname.lastname@example.org; or visit www.powerplan.com.
About the Georgia Institute of Technology
The Georgia Institute of Technology is one of the world's premier research universities. Ranked seventh among U.S. News & World Report's top public universities, the Institute enrolls 21,500 students within its six colleges. Georgia Tech is the nation's leading producer of engineers as well as a leading producer of female and minority engineering Ph.D. graduates. Holding more than 848 patents and receiving approximately $689 million in research and development expenditures, Georgia Tech ranks among the nation's top ten universities (without a medical school) in research expenditures. Visit www.gatech.edu for more information.
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