Wachovia Foundation Funds Florida Tech Wachovia Merit Scholarship

MELBOURNE, FLA. — The Wachovia Foundation has awarded $5,000 to Florida Institute of Technology to initiate the Wachovia Merit Scholarship. The award will
help up to five deserving students in an under-represented group, especially women or minorities pursuing degrees in engineering, science or mathematics.

The scholarship will give priority to deserving seniors but may be awarded to juniors, sophomores or freshmen. Qualifying applicants must have achieved a
grade point average of 3.2 or higher, based on past performance.

Jay Lally, Florida Tech director of financial aid, expects to select the first recipient(s) before February.

Florida Tech is the only independent, technological university in the Southeast. It was named A Barron’s Guide “Best Buy” in College Education, is listed
among America’s best colleges in U.S. News & World Report and was named one of the top 14 engineering institutions in the Fiske Guide to Colleges.
Florida Tech is noted for providing real-world and research experiences to undergraduate and graduate students, for challenging specialized courses and
small class size.

The Wachovia Foundation is a private foundation that provides grants to eligible tax-exempt organizations to support four primary focus areas: education;
community development; health and human services; and arts and culture. The mission of the foundation is to build strong and vibrant communities, improve
the quality of life and make a positive difference.