The philanthropic arm of Ford Motor Co. will award $1 million in automotive design scholarships over the next 20 years in honor of William Clay Ford Sr., the former company vice chairman and last surviving grandson of founder Henry Ford who died Sunday.
The Ford Motor Co. Fund will award five automotive design students $10,000 per year each under the William Clay Ford Automotive Design Scholarship that commemorates the late Ford’s design legacy, the fund announced today.
Source
Crain's Detroit Business