Nick and Kari Olds, both graduates of Montana Technological University, have made headlines with their generous donation of $1 million to the Montana Tech Foundation. This substantial contribution is poised to make a significant impact on the university and its students, particularly in the areas of scholarship support and facility modernization.
Of the total donation, $600,000 is earmarked for the Olds Family Endowed Scholarship, which was established in 2019. This scholarship is designed to assist students who graduate from Montana high schools and demonstrate financial need, reflecting the Olds’ commitment to providing opportunities for future generations. Nick and Kari Olds expressed their pride in being Montana Tech graduates and their desire to give back to the university and community that shaped their careers.
Chancellor Johnny MacLean praised the Olds for their unwavering support, stating, “Nick and Kari are such incredible supporters of Montana Tech.” Their philanthropic efforts are not just financial; they represent a powerful homecoming for the couple, as noted by Luke Meyer, who remarked, “Nick and Kari’s generosity is more than a gift—it’s a powerful homecoming.” This sentiment underscores the deep connection that alumni often feel towards their institutions.
In addition to the scholarship fund, the donation allocates $280,000 to the HPER Modernization Project, aimed at enhancing the facilities for Oredigger Athletics. This investment in infrastructure is crucial for fostering a supportive environment for student-athletes and promoting a culture of excellence in sports at Montana Tech.
Nick Olds graduated in 1992 and Kari Olds in 1994, and their journey together began with their marriage in 1993. Their enduring relationship with Montana Tech is a testament to the university’s emphasis on hands-on learning and a rigorous curriculum, which they credit for their successful careers.
As the university prepares to implement these changes, the community is abuzz with anticipation. The Olds’ donation not only provides immediate financial support but also sets a precedent for future alumni giving, encouraging others to invest in the educational landscape of Montana.
Looking ahead, observers expect that this donation will inspire further philanthropic efforts from other alumni, potentially leading to a more robust support system for students and programs at Montana Tech. The ripple effects of such generosity can be profound, shaping the educational experiences of countless students in the years to come.
