Nick and Kari Olds, both alumni of Montana Technological University, have made a significant contribution to their alma mater by donating $1 million to the Montana Tech Foundation. This donation reflects their commitment to supporting education and providing opportunities for future students.
Of the total donation, $600,000 is earmarked for the Olds Family Endowed Scholarship, which was established in 2019. This scholarship specifically supports students who graduate from a Montana high school and demonstrate financial need, ensuring that deserving students can access higher education without the burden of excessive financial strain.
In addition to the scholarship fund, the Olds have allocated $280,000 towards the HPER Modernization Project, which aims to enhance the facilities available for students involved in Oredigger Athletics. This investment is expected to improve the overall experience for student-athletes and promote a more robust athletic program at Montana Tech.
Furthermore, $120,000 of the donation will contribute to the Olds Family Match fund, which is designed to encourage additional donations and support for the university. This matching initiative is a strategic move to amplify the impact of their gift and foster a culture of giving among other alumni and community members.
Chancellor Johnny MacLean expressed gratitude for the Olds’ generosity, stating, “Nick and Kari are such incredible supporters of Montana Tech.” Their commitment to giving back to the university is not only a financial contribution but also a testament to their appreciation for the education and opportunities they received during their time at Montana Tech.
Nick and Kari Olds, who graduated in 1992 and 1994 respectively, shared their sentiments about the donation, saying, “We are indeed fortunate to be Montana Tech graduates and are very pleased that we can give back to our university and community in a way that offers others the same opportunities we had.” Their words highlight the importance of alumni support in fostering a thriving educational environment.
Luke Meyer, another key figure at the university, remarked, “Nick and Kari’s generosity is more than a gift—it’s a powerful homecoming.” This statement underscores the deep connection that alumni often feel towards their institutions and the lasting impact they can have through philanthropy.
As Montana Tech continues to emphasize hands-on learning and a rigorous curriculum, the support from alumni like the Olds plays a crucial role in sustaining and enhancing the educational experience for current and future students. Observers anticipate that this donation will inspire further contributions from other alumni, reinforcing the university’s mission and community engagement.
