{"59967":{"#nid":"59967","#data":{"type":"news","title":"Georgia Tech School of Industrial and Systems Engineering Receives $20 Million Commitment","body":[{"value":"\u003Cp\u003E\n\u003C\/p\u003E\u003Cp\u003EATLANTA (March 3, 2006) \u0026mdash; Georgia Tech\u0027s School of Industrial\u003Cbr \/\u003E\n        and Systems Engineering (ISyE), ranked No. 1 in the country for the past\u003Cbr \/\u003E\n        15 years by \u003Cem\u003EU.S. News and World Report\u003C\/em\u003E, has received a commitment\u003Cbr \/\u003E\n        of $20 million from Georgia Tech alumnus H. Milton Stewart and his wife\u003Cbr \/\u003E\n      Carolyn Stewart.\u003C\/p\u003E\n\u003Cp\u003EThe commitment establishes a permanent endowment, the income from which\u003Cbr \/\u003E\n        will be available for unrestricted use within ISyE.\u003C\/p\u003E\n\u003Cp\u003EThe school has been named the H. Milton Stewart School of Industrial\u003Cbr \/\u003E\n        and Systems Engineering in recognition of the Stewarts\u0027 commitment.\u003Cbr \/\u003E\n        ISyE becomes the fourth named school in the Georgia Tech College of Engineering,\u003Cbr \/\u003E\n        joining the George W. Woodruff School of Mechanical Engineering, the\u003Cbr \/\u003E\n        Daniel Guggenheim School of Aerospace Engineering and the Wallace H.\u003Cbr \/\u003E\n        Coulter Department of Biomedical Engineering at Georgia Tech and Emory\u003Cbr \/\u003E\n        University.\u003C\/p\u003E\n\u003Cp\u003E\u0022The opportunities presented by a commitment of this magnitude\u003Cbr \/\u003E\n        are nothing short of amazing,\u0022 said Chelsea C. \u0022Chip\u0022 White\u003Cbr \/\u003E\n        III, the H. Milton and Carolyn J. Stewart School Chair in ISyE. \u0022I\u003Cbr \/\u003E\n        look forward to working with our faculty, staff, and administration in\u003Cbr \/\u003E\n        determining how these funds can best be used to build upon the school\u0027s\u003Cbr \/\u003E\n        long tradition of innovation, research and educational excellence, and\u003Cbr \/\u003E\n        academic leadership.\u0022\u003C\/p\u003E\n\u003Cp\u003EThe highly visible \u003Cem\u003EU.S. News \u0026amp; World Report\u003C\/em\u003E college rankings\u003Cbr \/\u003E\n        have placed ISyE in the nation\u0027s number one slot in industrial\u003Cbr \/\u003E\n        and manufacturing engineering for 16 of the past 17 years. The Stewart\u0027s\u003Cbr \/\u003E\n        commitment will be instrumental in helping the school maintain and increase\u003Cbr \/\u003E\n        its national prominence. \u003C\/p\u003E\n\u003Cp\u003E\u0022You can\u0027t have the nation\u0027s No. 1 ISyE program\u003Cbr \/\u003E\n        for fifteen years running without strong private, philanthropic support\u003Cbr \/\u003E\n        from alumni and friends, corporations, and foundations,\u0022  said\u003Cbr \/\u003E\n        College of Engineering Dean Don P. Giddens.  \u0022Sustaining the unparalleled\u003Cbr \/\u003E\n        quality of the school\u0027s research programs and the excellence of\u003Cbr \/\u003E\n        its faculty and student body takes ongoing, significant investment. We\u003Cbr \/\u003E\n        are very fortunate that Milt Stewart has always understood that need\u003Cbr \/\u003E\n        and offered his wholehearted support of ISyE.\u0022\u003C\/p\u003E\n\u003Cp\u003EIn addition to a gift of $2.5 million that has already been made, the\u003Cbr \/\u003E\n        Stewarts\u0027 commitment consists of two charitable remainder annuity\u003Cbr \/\u003E\n        trusts totaling $7.5 million that have recently been established and\u003Cbr \/\u003E\n        a third charitable remainder annuity trust of $10 million that will be\u003Cbr \/\u003E\n        established in the near future. The Stewarts will receive income from\u003Cbr \/\u003E\n        the trusts until December 2015, when the trust assets will be transferred\u003Cbr \/\u003E\n        to the endowment, whose estimated value will be at least $20 million.\u003C\/p\u003E\n\u003Cp\u003E\u0022We were thrilled seven years ago when they created the first\u003Cbr \/\u003E\n        school chair in Georgia Tech history, a visionary step that helped secure\u003Cbr \/\u003E\n        the finest leadership available for the School,\u0022 said Georgia Tech\u003Cbr \/\u003E\n        President Wayne Clough. \u0022Now, with this wonderfully generous commitment,\u003Cbr \/\u003E\n        Milt and Carolyn have ensured the ongoing momentum and prestige of the\u003Cbr \/\u003E\n        school they love so much for many years to come.\u0022\u003C\/p\u003E\n\u003Cp\u003EStewart has a long history of philanthropy at Georgia Tech. He established\u003Cbr \/\u003E\n        the H. Milton Stewart Endowment Fund for ISyE Programs in 1995 and the\u003Cbr \/\u003E\n        H. Milton and Carolyn J. Stewart School Chair in ISyE in 1999. He has\u003Cbr \/\u003E\n        supported scholarships for women students coming to Georgia Tech from\u003Cbr \/\u003E\n        Habersham High School.\u003C\/p\u003E\n\u003Cp\u003EStewart is retired chairman and CEO of Standard Group Inc., a company\u003Cbr \/\u003E\n        he established in 1987 with his sister, Kay Swanson, in Cornelia, Georgia.\u003Cbr \/\u003E\n        Holdings of the Standard Group at that time included Standard Telephone,\u003Cbr \/\u003E\n        which Stewart\u0027s father, H. M. Stewart Sr., purchased in 1939. Arkansas-based\u003Cbr \/\u003E\n        Alltel purchased Standard Telephone in 1998.\u003C\/p\u003E\n\u003Cp\u003E In\u003Cbr \/\u003E\n        addition to receiving his bachelor\u0027s degree in Industrial Engineering\u003Cbr \/\u003E\n        from Georgia Tech in 1961, Stewart later went on to receive his MBA from\u003Cbr \/\u003E\n        Emory University.\u0026nbsp; Stewart is a trustee emeritus of the Georgia\u003Cbr \/\u003E\n        Tech Foundation, emeritus member and former chairman of the ISyE Advisory\u003Cbr \/\u003E\n        Board, former member of the College of Engineering Advisory Board, and\u003Cbr \/\u003E\n        a former president, trustee, and Executive Committee member of the Georgia\u003Cbr \/\u003E\n        Tech Alumni Association.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EFor more information:\u003C\/strong\u003E\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nMegan McRainey\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nInstitute Communications and Public Affairs\u003Cbr \/\u003E\n\u003Cbr \/\u003E\nGeorgia Tech\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n404-894-6016\u003Cbr \/\u003E\n\u003Cbr \/\u003E\n\u003Ca href=\u0022mailto:megan.mcrainey@icpa.gatech.edu\u0022\u003Emegan.mcrainey@icpa.gatech.edu\u003C\/a\u003E\n\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":"","field_summary_sentence":"","uid":"27279","created_gmt":"2006-03-03 01:00:00","changed_gmt":"2016-10-08 03:07:08","author":"Barbara Christopher","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2006-03-03T00:00:00-05:00","iso_date":"2006-03-03T00:00:00-05:00","tz":"America\/New_York"},"extras":[],"groups":[{"id":"1242","name":"School of Industrial and Systems Engineering (ISYE)"}],"categories":[{"id":"145","name":"Engineering"},{"id":"135","name":"Research"}],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cstrong\u003EBarbara Christopher\u003C\/strong\u003E\u003Cbr \/\u003EIndustrial and Systems Engineering\u003Cbr \/\u003E\u003Ca href=\u0022http:\/\/www.gatech.edu\/contact\/index.html?id=bt3\u0022\u003EContact Barbara Christopher\u003C\/a\u003E\u003Cbr \/\u003E\u003Cstrong\u003E404.385.3102\u003C\/strong\u003E","format":"limited_html"}],"email":["bchristopher@isye.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}