Florida Tech Receives $1.5 Million for Major Scholarship Endowment

MELBOURNE, FLA. — Phillip W. Farmer, retired chairman, president and chief executive officer of Harris Corporation, has donated $1.5 million to establish an
endowed scholarship, the Farmer Scholars Program at Florida Institute of Technology. Farmer is chair of Florida Tech’s board of trustees and chair of
the executive committee. He also serves as chair of the Golden Anniversary Capital Campaign.

The program, to start in fall 2009, is a full four-year scholarship to be awarded annually to a Florida resident and high school graduate. The scholarship
provides for all tuition and university fees, a room in Harris Village’s Farmer Hall and the regular university meal plan. Each subsequent fall semester
another incoming student will be selected until, by the fourth year, four students will be enrolled at Florida Tech as Farmer scholars.

Qualified applicants will be in the top five percent of their Florida high school class, have outstanding personal character, as determined through
references, and proven leadership qualities. Financial need, while considered, is not a requirement.
“This most recent example of Mr. Farmer’s generosity will go a long way to bring the best and brightest students to Florida Tech. The Farmer Scholars
Program will help allow us to compete with the nation’s top universities,” said Florida Tech President Anthony J. Catanese.

Additionally, if funds are available and the Farmer Scholar elects to participate, recipients will be given a stipend between their junior and senior year
for enrichment through Florida Tech’s summer study abroad program at Oxford University.