"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.
Ford was design committee chairman of the company’s policy and strategy committee from 1957 until his retirement in 1989; he died at age 88 of pneumonia Sunday morning at his home. His son, William Clay Ford Jr., is executive chairman of the Dearborn-based automaker."
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