Timken awards scholarships valued at $790,000 to 38 employees' children
The Timken Co., Canton, Ohio, a manufacturer of mechanical components, engineered steel bars and tubes, and bearings, has awarded scholarships to 38 children of its employees at 26 locations in eight countries. The Timken Company Charitable and Educational Fund Inc. funds the scholarships, which have a combined value of $310,000 and a total value of up to $790,000 over four years. The program has awarded more than $20 million in scholarships since its founding in 1958.
The $50,000 Henry Timken Scholar Award recognizes the top-ranked applicant. Renewable for up to three additional years for a total of $200,000, it was awarded to Mitchell Fabian, the son of Robert Fabian, a Timken retiree from steel manufacturing at the Timken facilities in Canton. Mitchell, a graduating senior at Hoover High School in North Canton, Ohio, plans to study actuarial science at Drake University.
Two students were selected for $30,000 scholarships, renewable for up to three additional years for a total of $120,000 each; five students received $10,000 scholarships, renewable for up to three additional years for a total of $40,000 each; and 30 students received $5,000 scholarships.