Koch Industries donates $1 million for KU business, engineering scholarships

Koch Industries is donating $1 million for scholarships for business and engineering students at the University of Kansas.

The Wichita-based company said in a news release Thursday that $600,000 will go toward recruiting, retaining and providing scholarships to underrepresented and first-generation business students. The rest of the money is earmarked for scholarships for juniors and seniors studying engineering and business.

Jeff Gentry, the CEO of the Koch Industries company Invista, said in the release that the hope is that the scholarships will “enable promising KU students to develop their innate talents, succeed, and help others do the same.”

Gentry has a bachelor’s degree in business from the University of Kansas.

This story was originally published September 8, 2016 at 12:45 PM with the headline "Koch Industries donates $1 million for KU business, engineering scholarships."