August 3, 2012 – Montana Tech, Butte, MT
FOR IMMEDIATE RELEASE
MONTANA TECH RECEIVES GIFT TO
PETROLEUM ENGINEERING DEPARTMENT
Butte, MT--Gary and Janet Kolstad have gifted Montana Tech $112,888 to support Montana Tech’s Petroleum Engineering Department, through the transfer of stock to the Montana Tech Foundation. Their endowment’s annual distributions are split evenly between student scholarships and general department funding. “Janet and I are very proud alumni, and we wanted to give back to Montana Tech,” said Gary. “Our charitable focus is on helping students be successful in achieving their potential.” Gary (‘85) and Janet (‘85) are both Montana Tech Petroleum Engineering graduates. Gary has also served on the Montana Tech Foundation Board of Directors since 2009. They reside in Houston, TX where Gary is the CEO of CARBO Ceramics, a global oilfield service company.
“We are fortunate to count Gary and Janet Kolstad as generous supporters of Montana Tech,” noted Michael Barth, Executive Director of the Montana Tech Foundation. “By building an endowment, they are helping the campus and its students now, and the impact of their giving will carry on forever.”
“The Kolstads have been loyal supporters of Montana Tech for over a decade,” explained Montana Tech Chancellor Don Blackketter. “This gift to the university showcases their generosity and commitment to their alma mater and its future. We are thankful to the Kolstads for this gift as its impact will be felt on many levels for many years.”