Lackawanna College joined Cabot Oil & Gas Corporation for a Fourth Anniversary Celebration at POSH at the Scranton Club. The event honored the College’s four-year partnership with Cabot and the fulfillment of their $2.5 million endowment to Lackawanna College’s School of Petroleum & Natural Gas located in New Milford, Pa.
Senator John Blake and PA Representatives Marty Flynn, Sid Michaels Kavulich, and Johnathan Fritz attended the event. Cassandra Coleman, Director, Governor’s Northeast Regional Office, is also was in attendance.
The donation, announced April 11, 2014, marked the largest single private donation in the history of Lackawanna College and was fulfilled a year ahead of schedule.
“We are grateful to Cabot Oil & Gas for its support and commitment to our College, and the benefits specifically felt by our students. Cabot’s generous $2.5 million investment – the largest single ever received by Lackawanna College – has been a game-changer,” said Mark Volk, President of Lackawanna College. “Beyond the fiscal impact, their guidance, support, and access to industry leaders enabled us to create a world-class program that prepares our graduates using state-of-the art equipment to ensure that they are job-ready and fully qualified to meet the needs of the industry. Cabot’s foresight and support will positively affect the industry, the region, and our students for years to come.”
$1 million in funds were directed toward the College’s existing endowment to help meet the short-term and long-term needs of the school and to support student programs and scholarships. An additional $1.5 million was used for state-of-the-art equipment, training, staff and faculty development, and student interactive experiences and internships.
“Cabot is proud of its partnership with Lackawanna College School of Petroleum & Natural Gas and excited to have met our fundraising goal in four years. During this time the school transformed into a nationally recognized program but most impressive is the quality of the graduates making significant impacts across the Marcellus Shale play,” said George Stark, Director of External Affairs for Cabot.
The School of Petroleum & Natural Gas offers four associate degrees in Petroleum and Natural Gas Industrial Mechanics, Petroleum and Natural Gas Business Administration, Petroleum and Natural Gas Measurement, and Petroleum and Natural Gas Technology.
**In our photo- from left, Pa. Rep. Sid Michaels Kavulich, District Director for U.S. Rep. Tom Marino Dave Weber, Pa. Rep. Marty Flynn, Lackawanna College President Mark Volk, Cabot Oil & Gas Director of External Affairs George Stark, Pa. Sen. John Blake, and Director of the Governor's Northeast Regional Office Cassanda Coleman.
http://www.pahomepage.com/community/lackawanna-college-and-cabot-oil-gas-corporation-celebrate-fulfillment-of-25-million-endowment/1119993232
