In November 2014, the Thirty Meter Telescope (TMT) launched THINK (The Hawaii Island New Knowledge) Fund to better prepare Hawaii Island students to master STEM (Science, Technology, Engineering and Math) and to become the workforce for higher paying science and technology jobs in Hawaii’s 21st century economy.
TMT’s THINK Fund initiative benefits Hawaii Island students pursuing STEM endeavors with an annual contribution of $1 million over its existing 19-year Maunakea sublease with the University of Hawaii- Hilo. Two Hawai‘i foundations were selected by TMT, Hawaii Community Foundation and Pauahi Foundation, to administer THINK Fund distribution in scholarship and grant making platforms.
The Thirty Meter Telescope initiated dialogue on the formation of THINK Fund in 2008 by asking a group of community volunteers to outline the mission, vision, purpose and implementation strategy of an education fund benefitting Hawaii Island students. The Organizing Committee that developed TMT’s THINK Fund structure was comprised of Hawaii Island residents.
The Organizing Committee determined that scholarships, grant making and the establishment of an endowment would ensure the sustainability of improving educational opportunities for Hawaii Island students in STEM disciplines. It further recognized that an emphasis be given to improving opportunities for STEM education for Native Hawaiian students, not as an exclusive preference, but focusing on addressing the needs of Hawaii’s host culture.
TMT’s annual $1 million contribution allocates $750,000 to THINK Fund at the Hawaii Community Foundation and $250,000 to THINK Fund at the Pauahi Foundation. The foundations administer their respective THINK Funds independently and have autonomy in administering grant funds, determining scholarship recipients, and the selection and governance of Advisory Committees.
To date, TMT has funded $5,130,924.85 to the THINK Fund initiative (THINK Fund at HCF $3,848,193.64 and THINK Fund at Pauahi Foundation $1,282,731.21) for Hawai‘i Island students, their families and teachers.
In total, TMT’s THINK Fund initiative and Workforce Pipeline Program have funded over $7.6 million to Hawai‘i Island students, teachers and programs since 2014.