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Business Roundtable Partners with Thurgood Marshall College Fund to Invest in HBCU Students, Develop Diverse Talent Pipeline

Business Roundtable Partners with Thurgood Marshall College Fund to Invest in HBCU Students, Develop Diverse Talent Pipeline
Posted By: Kennedy Williams on July 01, 2021

Business Roundtable and the Thurgood Marshall College Fund (TMCF) recently announced a partnership to invest in students attending Historically Black Colleges and Universities (HBCUs) and develop a pipeline of diverse talent for America’s largest companies. Through the partnership, Business Roundtable companies will provide scholarships, internships, and professional development opportunities to HBCU students and open pathways to employment and advancement.

“Business Roundtable companies know that their success depends on investing in diverse workforces and on increasing diversity in corporate leadership. We are honored to partner with the Thurgood Marshall College Fund, which has a strong record of supporting and developing future leaders,” said Business Roundtable President & CEO Joshua Bolten.

“This partnership is an example of America’s largest employers moving the needle in the national dialogue on diversity, equity, and inclusion,” said Thurgood Marshall College Fund President & CEO Dr. Harry L. Williams. “Now is the time to turn position statements into policies and action for change. We are proud to partner with Business Roundtable to support the next generation of leaders from HBCUs, institutions that play a critical role in ensuring young people of color are not left behind.”

The initiative announced today includes several Roundtable member companies with existing TMCF partnerships as well as companies developing new partnerships.



To date, more than 50 Business Roundtable companies have partnered with TMCF, and some of the commitments they have made include:

*Providing financial contributions to support scholarships for students to attend HBCUs;

*Participating in professional development programs that equip students with the critical soft skills required for career success and help bridge the gap between post-secondary academic training and permanent job placement opportunities in corporate America; and

*Creating diverse talent pipelines through immersive experiences and internship opportunities, which help open doors to full-time employment.

Business Roundtable member companies with existing TMCF partnerships include: Amazon, American Express, American Tower, Apple, Bank of America, The Boeing Company, Boston Consulting Group, C.H. Robinson, Caterpillar, The Coca-Cola Company, Corning, CVS Health, Deere & Company, Eli Lilly and Company, FedEx Corporation, Ford, Goldman Sachs & Co., JPMorgan Chase & Co., KPMG International, Lowe’s Companies Inc., McDonald’s, Medtronic, Microsoft, Nasdaq, NextEra Energy, PepsiCo, Pfizer Inc., Stanley Black & Decker, UPS, Vanguard, Verizon Communications, Walmart and Wells Fargo & Company. Companies developing new partnerships with TMCF include: Alphabet, Anthem, Baxter International, Chevron, Chipotle, Eastman, Gap, Hanesbrands Inc., Hearst, KeyCorp, Kohler, McCormick & Company, Raytheon Technologies Corporation, S&P Global, Steelcase Inc., Synchrony, Truist Financial Corporation, Verisk and Visa. The Roundtable anticipates additional companies will launch partnerships with TMCF in the weeks and months ahead.

Last October, Business Roundtable CEOs announced corporate initiatives and public policy recommendations to advance racial equity and justice and address the racial wealth gap.

In addition to partnering with TMCF, many Business Roundtable member companies also work directly with and provide support to HBCUs and other minority-serving institutions in the communities where they are headquartered or operate.

For more information, visit www.businessroundtable.org/tmcfpartners.

SOURCE: TMCF
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