ENTERGY CORPORATION TO PROVIDE $20 MILLION IN FUNDING FOR HBCUS ACROSS FOUR STATES
|
Posted By: Catalina Deossa on August 01, 2024 Entergy Corp. recently announced a substantial new investment of $20 million over the next decade to support Historically Black Colleges and Universities (HBCUs) within its four-state service area, which includes Arkansas, Louisiana, Mississippi, and Texas. This commitment is part of Entergy’s broader initiative, The Power of Prosperity, designed to assist HBCU students and their families. The $20 million will be allocated to various initiatives, including funding ten internships annually, sponsoring targeted recruitment events, and providing career readiness and skill training programs. Additionally, the investment will support twenty scholarships of $5,000 each year for the next ten years, along with competitive facility grants and endowment support for HBCUs in Entergy’s service area. The funding will enhance existing Entergy programs that aid HBCU students, such as Single Stop, which connects students with financial aid referrals, case management, and counseling to help ensure timely graduation with minimal debt. Another supported program, Stackwell Capital, offers financial literacy coaching and $100 seeded investment accounts to HBCU students. Marcus Brown, Vice President of Entergy, emphasized the company's unique responsibility as one of the few Fortune 500 companies based in New Orleans and Louisiana to make a significant impact on the community. He acknowledged Entergy’s previous $2.5 million donation to the United Negro College Fund but stressed that further action was necessary. He described the $20 million commitment as a “bold, new initiative to elevate and empower HBCU students and their families.” The announcement was made at a reception on July 26 at the Hyatt Regency, attended by community leaders, HBCU presidents, and elected officials, including Xavier University of Louisiana President J. Reynold Verret, Southern University System President Dennis Shields, U.S. Representative Troy Carter, State Representative Delisha Boyd, and New Orleans District E City Councilman Oliver Thomas. Congressman Carter commended Entergy for stepping up and recognized the crucial role HBCUs have played in many individuals’ careers and opportunities. Andrew Marsh, CEO of Entergy Corp., highlighted the importance of investing in future generations as a core component of the company’s strategy. John Hudson III, Entergy’s Senior Vice President of Regulatory and Government Affairs, announced that the first round of academic scholarships funded by this new commitment would be awarded in the fall. If you enjoyed this article, Join HBCU CONNECT today for similar content and opportunities via email! |
 |
Catalina Deossa
Archaeologist, CHRONOS SAS Florida Int`l Univ class of 2011 Member Since April 2024 |
Comments
More From This Author
Latest News
 |
Online Master's in Organizational Leadership: Education Leadership TrackLeadership for the future of education Education is changing fast and its leaders need more than good instincts. Brown's online Master of Science in Organizational Leadership now offers an Education L ...more
Reginald Claremont • 310 Views • October 8th, 2026 |
 |
Black Girl Vitamins Brings Its Homecoming of Health Tour to HBCU Campuses This FallBlack Girl Vitamins is celebrating HBCU homecoming season by bringing wellness education, self-care resources, and interactive experiences directly to students and alumni at some of the nation's most ...more
Reginald Claremont • 154 Views • October 8th, 2026 |
 |
Delaware State University Nears 7,000 Students as Fall Enrollment Outpaces Last Year's RecordDelaware State University is approaching a record 7,000 students this fall, with enrollment up nearly 40% since 2020 and the largest in-state freshman class in school history. ...more
Roger The Great • 198 Views • October 7th, 2026 |
 |
Byron Allen's Allen Media Group/HBCU GO Announces 2027 Basketball ScheduleAllen Media Group's free-streaming digital and television platform, HBCU GO – the leading media provider for the nation's 107 Historically Black Colleges and Universities (HBCUs) – will tip off its 20 ...more
Reginald Claremont • 162 Views • October 7th, 2026 |
Popular News
 |
Louisiana Upholds Life Sentence to Black Man For Stealing Hedge Trimmers in 1997While this may not be HBCU related news, as an AFrican American male, I had to share this appalling decision by the Louisiana court system to keep a man in jail with a life sentence for such a petty c ...more
Roger The Great • 405,962 Views • August 6th, 2020 |
 |
Blonde Instagram Model Goes Viral for Graduating from HBCU and Pledging Delta Sigma Theta!A blonde woman is going viral this morning, for graduating from A Historically Black College while pledging a Black sorority, Delta Sigma Theta Sorority Incorporated.
@Blonde_HBCU
The woman, an IG ...more
Roger The Great • 190,279 Views • November 30th, 2020 |
 |
Apple to Invest over $40 Million Dollars into HBCUs - Time to major in Computer Science!!!On Tuesday Johnny C. Taylor, President and CEO of the Thurgood Marshall College Fund stopped by “NewsOne Now” to make a major announcement that could literally change the lives of thousands of HBCU st ...more
Roger The Great • 131,077 Views • March 11th, 2015 |
 |
North Carolina HBCU Unity DayShaw University - Elizabeth City State University - Johnson C. Smith University - Fayetteville State University - Livingstone College - North Carolina A&T State University - North Carolina Central Uni ...more
Reginald Claremont • 118,404 Views • August 8th, 2016 |
 |
Black Billionaire Robert F. Smith to Donate $50 Million to Support STEM Students at HBCUsThe Student Freedom Initiative announced today a $50 million personal gift from Robert F. Smith, philanthropist and Founder, Chairman and CEO of Vista Equity Partners. This gift matches the initial fu ...more
Roger The Great • 86,675 Views • October 22nd, 2020 |
