Nick and Kari Olds, both proud alumni of Montana Technological University, have made headlines with their generous donation of $1 million to the Montana Tech Foundation. This significant contribution is aimed at enhancing educational opportunities and facilities at the university, which emphasizes hands-on learning and a rigorous curriculum.
Of the total donation, $600,000 is earmarked for the Olds Family Endowed Scholarship, which supports students graduating from Montana high schools who demonstrate financial need. This scholarship was established in 2019, reflecting the Olds’ commitment to giving back to the community and ensuring that future generations have access to quality education.
In addition to the scholarship, the Olds’ donation allocates $280,000 to the HPER Modernization Project, which aims to upgrade the Health, Physical Education, and Recreation facilities at Montana Tech. The remaining $120,000 is designated for the Olds Family Match fund, further enhancing the impact of their contribution.
Nick and Kari Olds, who graduated in 1992 and 1994 respectively and married in 1993, expressed their gratitude for the education they received at Montana Tech. They stated, “We are indeed fortunate to be Montana Tech graduates and are very pleased that we can give back to our university and community in a way that offers others the same opportunities we had.” Their sentiments resonate with many alumni who recognize the importance of supporting their alma mater.
Chancellor Johnny MacLean praised the Olds for their generosity, stating, “Nick and Kari are such incredible supporters of Montana Tech.” This donation not only reflects their personal commitment but also serves as an inspiration for others in the community to contribute to the university’s growth and development.
Luke Meyer, another key figure at Montana Tech, remarked, “Nick and Kari’s generosity is more than a gift—it’s a powerful homecoming.” This statement underscores the deep connection that alumni often feel towards their university, which plays a significant role in shaping their careers and lives.
As the university prepares to implement these changes, observers are optimistic about the positive impact this donation will have on current and future students. The modernization of facilities and the availability of scholarships are expected to enhance the overall educational experience at Montana Tech.
In a broader context, the Olds’ donation highlights the importance of community support in higher education. With the rising costs of college tuition, initiatives like the Olds Family Endowed Scholarship are crucial for helping students achieve their academic goals without the burden of excessive debt.
