Hendrickson International, a Boler Company, established an endowment to underwrite the scholarship in memory of the late Edward D. Hendrickson. Hendrickson was deeply committed to the truck industry and was considered one of the foremost authorities on truck suspensions in the nation. He was active in SAE, where he chaired local, regional, and national committees and published several papers on truck suspension systems.

Applicants must have a 3.75 grade point average, rank in the 90th percentile in both math and critical reading on SAT I or composite ACT scores, and pursue an engineering degree accredited by ABET.