Bay Foundation – Helping students go farther
On the occasion of the company’s 50th anniversary on 13 Oct. 1995, Bay Logistik GmbH + Co. KG founded the Bay Foundation to provide education assistance. It awards scholarships to students of haulage contracting and logistics, for a study programme at the Glauchau Professional Academy.
Up to three students receive scholarships each year. The Bay Logistik GmbH + Co. KG Foundation under the sponsorship of the Schaaf Family is intended to assist financially disadvantaged students.
The equity capital of the foundation was € 125,000 upon being launched; it has since been increased to € 150,000.
Thanks to kind donations, the Bay Foundation has been able to increase its foundation assets still further. The foundation assets are administered by the Landesbank Baden-Württemberg. In addition, since 1998 the Bay Foundation has awarded an annual scholarship prize for special achievement in the field of “haulage contracting and logistics.” This prize is awarded each year at the graduation ceremony of the students at the Mannheim Professional Academy.
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