American Express Pledges $2 Million to the United Negro College Fund to Help Advance Opportunities for Students in Underrepresented Communities
October 25 2022 - 9:00AM
Business Wire
“Building Better Futures” program to support HBCU students
through grant funding as they transition to careers and bolster
UNCF’s K-12 Initiative to help students prepare for college
American Express (NYSE: AXP) American Express today announced a
$2 million pledge from the American Express Foundation to UNCF
(United Negro College Fund) to help advance opportunities for
students in underrepresented communities. Over the next three
years, UNCF will use the funding to award 300 “Building Better
Futures” grants of $5,000 each to students in their senior year at
historically Black colleges and universities (HBCUs). These grants
will support students as they look to transition into the next
phase of their careers after graduation.
“As a graduate of Dillard University, an HBCU in New Orleans, I
know the impact this donation will have in creating a better future
for students, families and communities,” said Glenda McNeal,
President, Enterprise Strategic Partnerships, American Express.
“Our program with UNCF provides grant recipients the flexibility to
use the funds in ways that will be truly helpful to them after they
graduate – whether it’s helping with the costs of job relocation, a
down-payment on a car or more financial stability when moving onto
the next exciting chapter in their lives.”
“We’re excited to team up with American Express as we take this
journey together to ensure more underserved students, both those
attending HBCUs already and K-12 students, are prepared to navigate
high school and college leading to early career success,” said
Sekou Biddle, Vice President, Advocacy and Student Professional
Development Programs, UNCF. “This important initiative is
consistent with UNCF’s longstanding tradition of working with
corporate partners to support HBCUs and K-12 programs as they
prepare students for opportunities in the 21st century
workplace.”
Funding from the American Express Foundation will also support
UNCF’s existing K-12 Initiative program, which promotes college
readiness by educating and empowering parents, community leaders
and students across the nation.
Additionally, American Express is providing current HBCU
students and recent alums access to apply for job and internship
opportunities at the company. American Express and UNCF have also
come together to host webinars, recruiting events and a digital
marketing campaign to help inform HBCU students and alumni about
internship and full-time job openings at American Express.
Internships and full-time roles that HBCU students are eligible to
apply for range from finance, product development, technology and
more.
These efforts are part of the many ways American Express is
delivering on its priorities to promote diversity, equity, and
inclusion, as well as build financial confidence in the communities
it serves.
Applications for the first 100 grants will open October 25, 2022
and remain open through January 18, 2023. To learn more or apply
visit here.
ABOUT AMERICAN EXPRESS
American Express is a globally integrated payments company,
providing customers with access to products, insights and
experiences that enrich lives and build business success. The
American Express Foundation oversees community giving for the
organization across three areas: Backing Equal Futures, Backing
Small and Backing Low-Carbon Communities. Learn more at
americanexpress.com and connect with us on
facebook.com/americanexpress, instagram.com/americanexpress,
linkedin.com/company/american-express, twitter.com/americanexpress,
and youtube.com/americanexpress.
Key links to products, services and corporate responsibility
information: personal cards, business cards, travel services, gift
cards, prepaid cards, merchant services, Accertify, Kabbage, Resy,
corporate card, business travel, diversity and inclusion, corporate
responsibility and Environmental, Social, and Governance
reports.
About UNCF
UNCF (United Negro College Fund) is the nation’s largest and
most effective minority education organization. To serve youth, the
community and the nation, UNCF supports students’ education and
development through scholarships and other programs, supports and
strengthens its 37 member colleges and universities, and advocates
for the importance of minority education and college readiness.
While totaling only 3% of all colleges and universities, UNCF
institutions and other historically Black colleges and universities
are highly effective, awarding 15% of bachelor’s degrees, 5% of
master’s degrees, 10% of doctoral degrees and 19% of all STEM
degrees earned by Black students in higher education. UNCF
administers more than 400 programs, including scholarship,
internship and fellowship, mentoring, summer enrichment, and
curriculum and faculty development programs. Today, UNCF supports
more than 60,000 students at over 1,100 colleges and universities
across the country. Its logo features the UNCF torch of leadership
in education and its widely recognized trademark, ‟A mind is a
terrible thing to waste.”® Learn more at UNCF.org or for continuous
updates and news, follow UNCF on Twitter at @UNCF.
Location: U.S.
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version on businesswire.com: https://www.businesswire.com/news/home/20221025005329/en/
AMERICAN EXPRESS Jacob Wilson Jacob.B.Wilson@AEXP.com
UNCF Monique Lenoir Monique.Lenoir@UNCF.org
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