CME Group Foundation Awards 2024 Higher Education Scholarships to Historically Underrepresented Students

Rhea-AI Summary

CME Group Foundation has awarded scholarships to 18 historically underrepresented students majoring in finance, technology, and related fields. Each recipient will receive up to $20,000, renewable for three years. Since its inception in 2019, the program has distributed over $3.5 million to nearly 100 students across 11 partner colleges and universities in the U.S.

The scholarship aims to support future leaders by providing financial assistance and career development opportunities. Recipients will have the chance to pursue college degrees debt-free, leading to careers in finance, computer science, and technology. The program also includes a Day of Recognition and Market Education, where scholarship recipients can learn about internship and career opportunities at CME Group and in the financial services industry.

• Over $3.5 million awarded through CME Group Foundation's Scholarship program to date

CHICAGO, Aug. 14, 2024 /PRNewswire/ -- CME Group Foundation today announced that 18 historically underrepresented students majoring in finance, technology and related fields have each been awarded up to $20,000, which is renewable for three years. Since its launch in 2019, this program has awarded over $3.5 million in scholarships to nearly 100 students at 11 partner colleges and universities in the U.S.

 "Through our Foundation and other initiatives, CME Group is committed to supporting future leaders in our community by providing financial assistance and career development opportunities," said Terry Duffy, CME Group Chairman and Chief Executive Officer. "Since the inception of this scholarship program in 2019, we have distributed $3.5 million to over 100 deserving students. We congratulate this year's recipients and wish them well as they go on to pursue college degrees debt-free that will lead to careers in finance, computer science and technology."

"The University of Illinois (U of I) System is proud to participate in the CME Group Foundation Scholars program and we are thrilled with the impressive enrollment of CME scholars in our universities," said Tim Killeen, University of Illinois System President. "Opportunities abound in today's dynamic, rapidly evolving workforce, and the U of I System is committed to providing a world-class education to students of all backgrounds. The CME Group Foundation Scholars program is incredibly important in raising awareness for rewarding career opportunities, as well as removing barriers for students to succeed."

This year's new recipients of the CME Group Foundation Scholarship include:

• Aaron Alexander, University of Illinois Urbana-Champaign
• Cristian Brines, University of Illinois Urbana-Champaign
• Tristan Caldwell, University of Illinois Urbana-Champaign
• Ali El-Hindi, University of Illinois Chicago
• Aylin Erda, Stevens Institute of Technology
• Olabisi Fabamigbe, University of Illinois Chicago
• Shira Halkoda, University of Illinois Urbana-Champaign
• Babak Hatemi, DePaul University
• Hema Kassahun, DePaul University
• Brenda Leyva, University of Illinois Chicago
• Alyssa Lopez, University of Illinois Urbana-Champaign
• Blythe Madera, University of Illinois Urbana-Champaign
• Luis Miranda, University of Illinois Chicago
• Lilly Rodriguez, University of Illinois Chicago
• Farheen Sayyed, Loyola University Chicago
• Enrique Santillan, University of Illinois Urbana-Champaign
• Faker Yonathan Shimels, DePaul University
• Thomas Zaborenko, DePaul University

Scholarship partner colleges and universities include:

• DePaul University
• Illinois Institute of Technology
• Loyola University Chicago
• National Louis University
• Northern Illinois University
• Southern Illinois University-Carbondale
• St. Xavier University
• Stevens Institute of Technology
• University of Illinois Chicago
• University of Illinois Urbana-Champaign
• Wilbur Wright College

On Wednesday, August 14, CME Group executives will host a Day of Recognition and Market Education for those receiving scholarships to learn more about internship and career opportunities available at CME Group and in the financial services industry.

For more information on CME Group Foundation, visit www.cmegroupfoundation.org.

About CME Group Foundation

CME Group Foundation helps today's students keep pace with dramatically evolving technology, creating a workforce for the future that is equipped with the skills to meet tomorrow's global challenges. By bringing together the brightest minds in education to prepare students for kindergarten, provide robust opportunities in computer science, and support them with college and career success, we are sparking system-wide change that benefits all students, from cradle to career, with a focus on those who are typically underrepresented in the STEM fields. They will shape the future of the world's most important industries, including our own, so we give them the tools they need to achieve their full potential.

About CME Group

As the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing. 

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec is a trademark of BrokerTec Americas LLC and EBS is a trademark of EBS Group LTD. The S&P 500 Index is a product of S&P Dow Jones Indices LLC ("S&P DJI"). "S&P®", "S&P 500®", "SPY®", "SPX®", US 500 and The 500 are trademarks of Standard & Poor's Financial Services LLC; Dow Jones®, DJIA® and Dow Jones Industrial Average are service and/or trademarks of Dow Jones Trademark Holdings LLC. These trademarks have been licensed for use by Chicago Mercantile Exchange Inc. Futures contracts based on the S&P 500 Index are not sponsored, endorsed, marketed, or promoted by S&P DJI, and S&P DJI makes no representation regarding the advisability of investing in such products. All other trademarks are the property of their respective owners.

CME-G

View original content:https://www.prnewswire.com/news-releases/cme-group-foundation-awards-2024-higher-education-scholarships-to-historically-underrepresented-students-302221617.html

SOURCE CME Group

FAQ

How much has CME Group Foundation awarded in scholarships since 2019?

CME Group Foundation has awarded over $3.5 million in scholarships since the program's launch in 2019.

How many students have received CME Group Foundation scholarships?

Nearly 100 students have received CME Group Foundation scholarships since the program's inception in 2019.

What is the value of the CME Group Foundation Scholarship for 2024?

Each recipient of the 2024 CME Group Foundation Scholarship can receive up to $20,000, renewable for three years.

How many partner colleges and universities participate in the CME Group Foundation Scholarship program?

The CME Group Foundation Scholarship program partners with 11 colleges and universities in the United States.

What fields of study are targeted by the CME Group Foundation Scholarship?

The CME Group Foundation Scholarship targets students majoring in finance, technology, and related fields.