Anheuser-Busch Foundation Partners with UNCF to Provide Degree Completion Awards to HBCU Students
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Posted By: Kennedy Williams on May 19, 2021 As graduation caps and gowns are donned this year, some students unfortunately find their needs outstrip their abilities to walk the stage and collect their diplomas with unpaid debt preventing some from being able to finish the last mile—just before graduation. UNCF and the Anheuser-Busch Foundation are working together this year to help change that for many financially challenged college seniors across the nation. “This happens all too frequently to students—especially students of color,” said Dr. Michael L. Lomax, president and CEO, UNCF. “They work so hard to earn their degrees, only to fall short at the last minute and not be able to walk across the graduation stage. It’s not fair, and I’m very happy to see our longstanding partner, the Anheuser-Busch Foundation, is stepping up this year to make a difference.” As part of nearly 50-year partnership between UNCF and Anheuser-Busch—through both the company and its foundation—the two entities have donated more than $5 million to UNCF to help fuel its mission. This most recent donation of $200,000 supports a last-minute emergency program that provides degree completion awards of up to $2,500 each to students attending UNCF-member historically Black colleges and universities (HBCUs) who lack funds to finalize their degree completion due to outstanding academic debt. Academic debt comes from fees from tuition, room and board, tutoring, lab fees and other fees related to attending college that haven’t been covered through direct payments by the student, family contributions, loans, grants or scholarships. “At the Anheuser-Busch Foundation, we believe education is the doorway to opportunity. Through our longstanding partnership with UNCF, we are proud to support students who will help us build a world with leaders who are a true reflection of our communities,” said Julio Suárez, Anheuser-Busch Foundation. “With these grants ahead of graduation season, we can provide the final piece of support these hard-working, promising young students need to reach their dreams.” “HBCU students too often find themselves falling short, especially due to the costs related to attending college,” Lomax added. “Gifts like these can make a huge difference for an individual student’s ability to achieve and finish what they started. We thank the Anheuser-Busch Foundation for this last-minute assistance for these talented, deserving students.” If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
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Kennedy Williams
From Loganville, GA Spelman College class of 2020 Member Since July 2016 |
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