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Simpson Technologies Announces Creation

Simpson Technologies Announces Creation of the
Peter L. Simpson Fellowship Endowment at the Foundry Educational
Foundation

Simpson Technologies President & COO Bruce W. Dienst announced at the Foundry Educational Foundation (FEF) College Industry Conference in Chicago, IL the creation of the Peter L. Simpson Fellowship Endowment.

The original Peter L. Simpson Memorial Fellowship Fund was established with a $20,000 grant by Bruce L. Simpson in 1944, three years prior to the founding of the FEF, to the Mechanical Engineering school at Northwestern University in Evanston, Illinois.  The fund was restricted to providing support to graduate level research within the Department of Mechanical Engineering in the subject of foundry molding sand preparation and control.  Peter L. Simpson was the founder of Simpson Technologies in 1912 and is the grandfather of Bruce L. Simpson and great-grandfather of Bruce W. Dienst.  The Simpson Gold Medal at the American Foundry Society (AFS) is also named in honor of Peter L. Simpson.

Bruce W. Dienst (left) with Mr. Bill Sorensen
the Executive Director of the Foundry
Educational Foundation

In 2008 the current representatives of the Simpson family and Northwestern University reached an agreement to split the fund into two parts.  One part would be retained by Northwestern University and remain as the Peter L. Simpson Memorial Fellowship Fund within the Mechanical Engineering Department at the Robert R. McCormick School of Engineering and Applied Science and the use of the fund would be expanded to include any one or more purposes such as funding prominent guest lecturers, educational programs, research or financial aid for students. 

The change in the restrictions associated with the fund’s use would significantly improve Northwestern’s ability to utilize the funds to meet their most important program needs.The second part of the fund, in the amount of $700,000.00, has been transferred to the FEF to create the Peter L. Simpson Fellowship Endowment with the original purpose foreseen by Bruce L. Simpson to fund an engineering program accredited by the FEF to conduct research into the general field of foundry sand preparation and control.  The funding may be used for any one or more purposes such as basic research, the purchase of advanced laboratory instrumentation or other equipment and/or financial aid for students or professors.  It is expected that the results of this research would be made public and shared within the metalcasting industry globally as a technical paper published in respected industry trade publications and/or a presentation made to industry technical meetings. 

The Peter L. Simpson Fellowship Endowment is the largest single gift ever made to the Foundry Educational Foundation and elevates Simpson Technologies to the Platinum Level of corporate giving on an aggregate basis which is the highest level so far attained by any corporate donor to FEF.  Simpson Technologies has been a continuous supporter of the FEF every year since its inception in 1947 and current Simpson President & COO Bruce W. Dienst served as the FEF President in 2004 and remains active in the FEF through the FEF President’s Advisory Council.

About Simpson Technologies Corporation

Simpson Technologies, founded in 1912, is a five generation family business concentrated on the design and manufacture of technology and services for the worldwide metal casting and chemical process industries. 

Primary products include batch and continuous mixing equipment, molding sand coolers, on-line mixer controls, core sand preparation systems, shell sand preparation plants, sand reclamation systems, sand laboratory equipment and foundry system design, engineering and automation systems.  Simpson Technologies has operations in Aurora, IL USA; Saltillo, Mexico; Steinhausen, Switzerland; Calcutta, India and Changzhou, China.

For further information on Simpson Technologies please visit us on the internet at www.simpsongroup.com.

About the Foundry Educational Foundation.

The Foundry Educational Foundation, FEF, was established in 1947 by the leaders of the metal casting industry to be the industry's connection to educational programs at the college level.  FEF includes four-year technology schools as well as traditional engineering colleges and graduate schools.  It spans the broad range of higher education from production supervision to specialized research.  The Mission of the Foundry Educational Foundation is to "strengthen the metal casting industry by supporting unique partnerships among students, educators and industry, helping today's students become tomorrow's leaders.

For more about FEF, please visit them on the internet at www.fefinc.org .


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