Swagelok Foundation Scholarship

The Swagelok Foundation Scholarship at The University of Akron was established in April 2023 and will be funded with annual support from The Swagelok Foundation. Founded in 1947 by Fred A. Lennon, Swagelok Company is a major developer and provider of fluid system solutions, including products, assemblies, and services for the research, instrumentation, pharmaceutical, oil and gas, power, petrochemical, alternative fuels, and semiconductor industries. Its manufacturing, research, technical support, and distribution facilities support a global network of more than 200 authorized sales and service centers in 70 countries. Swagelok is based in Solon, Ohio.

Since 1947, Swagelok has been a values-based company committed to doing the right thing in all cases. Throughout its history, their core values have defined them, and these values are still the driving force behind every decision made and every action taken by the company. Swagelok’s core values include:

• Customer Focus: Create value for the customer to create value for Swagelok.
• Integrity: Choose to do the right thing with courage and character.
• Quality: Provide high value and high performance in their products, process, and services.
• Continuous Improvement: Systematically and consistently do things better.
• Respect for the Individual: Commit to the success of each associate through an environment where people are trusted, respected, and treated fairly.
• Innovation: Challenge conventional wisdom to create new value for the customer.

The Swagelok Foundation Scholarship will assist sophomore, junior, and senior students with financial need who are pursuing either a mechanical engineering degree with co-op or a supply chain/operations management degree at The University of Akron. Applications for the scholarship will be accepted from current students who have completed their first year in pursuit of their engineering or supply chain/operations management degree.

Recipient selection will be made by the University Scholarship Committee in the Office of Student Financial Aid. The scholarship may be used for tuition, fees, books, meal plans and/or on-campus housing. Two sophomore, two junior, and two senior recipients will be selected annually to receive $3,000 each. Funds used for expenses other than qualified educational expenses are reportable and may be taxable to the recipient.