Akamai Creates $50 Million Endowment for STEM Education

Akamai Creates $50 Million Endowment for STEM Education

, one of the largest cloud technology companies in the world, has announced the creation of a $50 million endowment in support of the , which works to encourage the next generation of technology innovators.

The endowment will enable the foundation to expand its support for STEM education, with a focus on K-12 mathematics, through grants to local charities and nongovernmental organizations serving underrepresented groups in the tech workforce. Since 2000, the foundation has awarded more than $5 million to local and national math education programs, including annual scholarships to the top high school students competing in the . This year's grantees include BEAM, a project of the ; the 's RSI Program; the Costa Rica Children's Museum; ; the ; the ; and the 's Mentoring Night for Women and Girls in STEM.

"The Akamai Foundation is fueled by our belief in the amazing possibilities that mathematics and other STEM-related fields can bring to our future," said Tom Leighton, CEO and co-founder of Akamai, and a director of the foundation. "I believe that Akamai can make a difference in increasing opportunities in the technology workforce by supporting compelling and thoughtful initiatives within the communities where we work and live."