Dolese celebrates 10-year anniversary of $210M gift announcement to higher education, engineering programs
Monday, July 24, 2023
Media Contact: Jennifer Kinnard | OSU Foundation | 405-385-5185 | email@example.com
On July 21, three universities gathered at Dolese Bros. Co. headquarters in Oklahoma City to celebrate a decade of advancing engineering education together.
When Dolese — Oklahoma’s largest supplier of ready-mix concrete, crushed stone, gravel and sand — was looking to give back to the communities it served, it focused on higher education.
Carrying out the philanthropic vision of Roger Dolese, the private company decided to donate all of its non-voting stock to the university foundations at Kansas State University, Oklahoma State University and the University of Oklahoma. Given it was profitable, Dolese would then buy back stock each year.
The gift was rolled out privately in 2010 before being publicly announced in 2013. The three portions of stock were originally valued at roughly $70 million each and were made with one goal in mind — to increase the amount of engineering graduates at these institutions.
Since then, the three universities have done their part to make that ambition a reality.
“Our mission to improve communities has its roots in the legacy of Roger Dolese,” said Mark Helm, president and CEO of Dolese Bros Co. “Through this gift, we’ve not only been able to create a bright future for numerous engineering students, but also ensure our company remains true to our community and gives back to each Dolese employee for their service to the company.”
At Kansas State University, the Dolese gift has enhanced student recruitment and retention efforts in many ways for the Carl R. Ice College of Engineering. The 2022 incoming class was 15% larger than the previous two years, thanks in part to the increase in scholarships awarded. Outreach efforts through on- and off-campus activities have helped grow and diversify the student body.
K-State’s College of Engineering has increased the annual number of graduates by more than 100 since receiving the Dolese gift, and the freshman-to-sophomore retention rate has increased by 12.8% since 2012. This growth is due in part to programs such as Scholars Assisting Scholars tutoring, Women in Engineering mentoring and first-year instruction programs, all supported with Dolese funds.
"The Dolese funds have allowed our Carl R. Ice College of Engineering to continue to focus on what matters most to us: our students," K-State President Richard Linton said. "Through increased recruiting opportunities and expanded support programs sustained by these funds, our engineering program is prepared to offer students the high-caliber experience worthy of today’s and tomorrow's innovators.
At Oklahoma State University, every dollar of Dolese funds has directly benefited students, including the $1.3 million of stock that was bought back by the company in 2022. Scholarship support made possible by the Dolese gift has been a driving force behind helping more people attend OSU and ultimately walk across the graduation stage.
Since 2012, the number of undergraduate engineering degrees awarded each year has more than doubled. During that time, degree production for mechanical and aerospace engineering has increased 151%, a figure exponentially higher than the university average of 28.6%.
Industrial engineering as well as electrical and computer engineering have also seen huge boosts in degree production with 207% and 84% increases, respectively.
The Dolese gift has made an impact at OSU in many other ways as well, including funding discussion and tutoring sessions, College of Engineering, Architecture and Technology preparatory programs, K-12 summer camps and student work at the Bert Cooper Structures and Materials Lab, which fittingly focuses on concrete research.
“Our engineering programs have grown at a remarkable rate over the past decade,” OSU President Kayse Shrum said. “These peaks would not have been achievable without Dolese’s aid, which has funded so many scholarships and other life-changing programs for our students."
At the University of Oklahoma, Dolese’s support of the Gallogly College of Engineering helps faculty and staff better support and better prepare our students for their futures as engineers.
Dolese’s support helps fund a number of student-focused initiatives, helping to nearly double the number of OU engineering graduates. The majority of Dolese’s support directly impacts students with financial need via student scholarships, teaching assistant stipends, and undergraduate research fellowships. Support for programs such as Engineering Pathways, Summer Bridge, and Outreach and Recruiting, and support for experiential learning facilities, such as the Rawl Engineering Practice Facility and the iHUB, help ensure OU engineering will continue to graduate well-prepared engineers.
“Dolese’s partnership has been absolutely critical in our work to expand the pipeline of talented, career-ready engineers who leave our campuses and grow Oklahoma’s workforce,” OU President Joseph Harroz Jr. said. “Dolese’s generosity empowers students to learn without financial stresses, fuels remarkable research, and opens doors of curiosity and inquiry for students of all lived experiences.”
All three universities expect their engineering programs to continue to grow. With the gift agreement expected to last in perpetuity, the Dolese effect will continue to impact lives for years to come.
About Dolese Bros Co.
Dolese Bros. Co., a longstanding construction materials business, supplies quality foundational building products used to construct and grow communities. Founded in 1902, the company’s commitment to customer service and product quality has helped it grow from its humble beginnings to today’s operation of more than 60 facilities with over 1,000 employees throughout Oklahoma and Fort Worth, Texas. Dolese delivers on a mission to improve communities through its products, actions and support. For more information, visit dolese.com.
About Kansas State University
As the nation’s first operational land-grant institution, Kansas State University has served the people of Kansas, the nation and the world since its founding in 1863 — and it continues to set the standard as a next-generation land-grant university. K-State offers an exceptional student experience across three physical campuses and online offerings, meeting students where they are and preparing them to achieve their personal and professional goals. The university is committed to its mission of teaching, research and service through industry-connected programs, impactful research-driven solutions, and a sharp focus on community engagement and economic prosperity. For more information, visit k-state.edu.
About Oklahoma State University
Oklahoma State University is a modern land-grant university that prepares students for success. OSU has more than 34,000 students across its five-campus system and more than 24,000 on its combined Stillwater and Tulsa campuses, with students from all 50 states and around 100 nations. Established in 1890, OSU has graduated more than 275,000 students to serve the state of Oklahoma, the nation and the world. For more information, visit okstate.edu.
About the University of Oklahoma
Founded in 1890, the University of Oklahoma is a public research university located in Norman, Oklahoma. OU serves the educational, cultural, economic and health care needs of the state, region and nation. For more information, visit ou.edu.