The Naughton Foundation gets €20m from Glen Electric

The Naughton Foundation, which makes donations to education in engineering, science and technology has received €20.4m from one of the firms in Martin Naughton’s Glen Dimplex group.

One of the primary aims of the foundation is to fund a scholarship programme for Leaving Certificate students seeking to study engineering, mathematics, science and technology at college.

The scholarship programme which was set up in 2008, initially only applied to students in counties Louth, Meath and Monaghan, but its coverage has been widened. Last year, the foundation awarded 35 scholarships of €5,000 each.