Funding has hindered many HBCUs from expansion and maximizing student support. However, as more HBCUs receive record donations from people like MacKenzie Scott, they are gaining more funding than perhaps ever before! Grambling State University is one of those HBCUs, which just received a quarter-million-dollar donation for a new endowment that will benefit at least 10 students per year! Read below for the full story from Grambling State below to find out more details!
Grambling State University has received $250,000 from Diageo North America to create a permanent endowment fund and provide financial aid grants to talented students across different disciplines and majors. This is part of a broader innovative program that Diageo North America announced to support 25 Historically Black Colleges and Universities (HBCUs), focused on building opportunities to develop future leaders and help shape a more equitable society. The initiative is expected to benefit thousands of students over the years across the country.
The Diageo Endowed Scholarship Fund will be used to provide scholarships to at least 10 students each year. Qualified applicants must be of African heritage; enrolled in an academic program at Grambling State University; currently pursuing a degree in any major (preference will be given to Engineering, Chemistry, Marketing, and Communications majors); maintain a 2.75 grade point average and meet the University’s general scholarship requirements (e.g. academic standard, code of conduct).
“We appreciate the support of Diageo and are so proud of Perry Jones and the role he has taken in advocating for his alma mater and other HBCUs,” said Grambling State University President Rick Gallot. “This generous gift will help Grambling State continue to produce graduates that are valued for their leadership and innovation.”
With a goal of helping to change the complexion of the industry, Diageo North America has also committed to taking a step to build a pipeline of talented leaders through an internship platform over the coming years and Grambling State University will be part of it. The company will provide opportunities for HBCU students to gain valuable work experience at a fast pace that could help them with their future career aspirations or jump-start their career in the consumer goods industry.
“We are proud to partner with these esteemed institutions and to do our part to help shape a more equitable society by providing opportunities for future leaders,” said Debra Crew, President, Diageo North America. “This initiative further deepens Diageo’s commitment to making a long term and sustainable impact on underrepresented communities.”
“As an HBCU grad, I’m proud of the partnership Diageo is announcing today. This is an incredible step in furthering Diageo’s commitment to diversity and inclusion to colleges and universities that have a legacy of producing some of our most recognized minority leaders,” said Perry Jones, President, Diageo North America Supply and Grambling State University Alum. “I look forward to the development of new young leaders as a result of this investment in our HBCUs.”
This initiative was created by working closely with Diageo North America’s African Heritage Business Resource Group (A.H.E.A.D.) to focus on the priorities and actions, along with the right partnerships, to make the most meaningful impact in the Black community.
To learn more about Diageo’s work to support the communities where it operates, including company values, visit www.diageo.com.
