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Lou Oberndorf, co-founder and longtime executive of METI, one of the region's most successful medical technology firms, has made a big entry into philanthropy in retirement.
Oberndorf, who still lives in Sarasota, where METI is based, recently joined the board of the Phi Theta Kappa Foundation. The foundation supports the Phi Theta Kappa Honor Society. In joining the board late last month, Oberndorf announced that through the Oberndorf Lifeline to Completion Scholarship he and his wife will match donations one-to-one up to $125,000. Oberndorf also says he and his wife will provide 10 scholarships of $2,500 each in 2013.
The scholarship was designed specifically for students who face unanticipated and severe financial barriers to college completion, according to a Phi Theta Kappa release. The society says unexpected life challenges, such as downsizing or a sudden illness, can pinch community college students, and leave them with no choice but to drop out of school.
“The United States, as well as other nations, must get behind efforts to produce more college graduates and persons holding college credentials,” Oberndorf says in the release. “Higher education and business leaders must work together to revise this downward trend. My wife and I believe in the work of Phi Theta Kappa, which validates student success and does so much to encourage college completion.”
Oberndorf co-founded METI, Medical Education Technologies Inc., in 1996. Over the next decade, the firm grew into one of the leading human patient simulator firms in the country. Montreal-based CAE Inc. bought METI last year.
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