Exelon and Exelon Foundation Surprise Nine Female STEM Students With Full-Ride College Scholarships

Rhea-AI Summary

Exelon Foundation has awarded scholarships worth $1 million to nine graduates of the Exelon STEM Leadership Academy, covering all college-related expenses for the recipients. This initiative aims to support young women from diverse backgrounds in pursuing STEM education, with the goal of fostering a future workforce for Exelon. The scholarships are part of a broader commitment to community support and workforce development, benefiting participants across Chicago, Philadelphia, and Baltimore/Washington.

Positive

• Total scholarship amount of approximately $1 million demonstrates Exelon's commitment to education and workforce development.
• The initiative supports nine young women, enhancing diversity and inclusion in STEM fields.
• Successful alumni engagement shown by 2021 scholarship recipients actively participating in awarding new scholarships.

Negative

• None.

About $1 million in funds will support secondary education of young women who attended the Exelon Foundation STEM Leadership Academies in Chicago, Philadelphia and Baltimore/Washington

CHICAGO--(BUSINESS WIRE)-- Nine young women --- graduates of the Exelon STEM Leadership Academy -- received the good news that the Exelon Foundation will be paying for their college education. Last year’s scholarship recipients surprised the new winners, letting them know that the Foundation will pay all costs associated with college, including tuition, room and board and all other expenses that aren’t covered by other confirmed scholarships, federal and state grants, and work-study programs. The total value of the nine scholarships is approximately $1 million.

The Exelon STEM Leadership Academy is a free, week-long experience for current 10^th and 11^th grade girls from diverse and low-income communities held each summer in the Philadelphia, Washington, D.C./Baltimore and Chicago metro regions. More than 650 girls have participated over the last four years.

The STEM Leadership Academy Scholarship provides recipients with a clear pathway from participation in the Academy to college and then entry into the energy workforce, ideally as an Exelon employee. Launched in 2021, the scholarship is available to STEM Leadership Academy alumnae who are graduating from high school or who have already begun their post-secondary education at a two- or four-year educational institution.

“We want to ensure these outstanding young women the opportunity and financial flexibility to study at the college of their choice,” said Paula Conrad, vice president of Corporate Relations for Exelon. “It’s not just a scholarship, but, hopefully, a path to future leadership at Exelon.”

During the call to surprise this year’s scholarship winners, 2021 scholarship recipient Nesochim Iheanyiigwe said, “You’re joining a family of people who are going to support you, who are going to help you be successful and are just really going to have your back. So, know that you are going to be supported in every way and I’m excited to see you all become amazing young women.”

The STEM Leadership Academy Scholarship recipients of 2022 are:

STEM Academy Baltimore and DC

• Allegre Oledibe, Springdale, Md. (General Engineering, Virginia Tech)
• Micaela Venyo, Belcamp, Md. (Mechanical Engineering, Virginia Tech)
• Tahreem Rana, Baltimore, Md. (Computer Science, University Maryland Baltimore County)

STEM Academy Chicago

• Nicole Constante, Chicago, Ill. (Engineering Management, University of Illinois Chicago)
• XiuYi Tan, Chicago, Ill. (Computer Science, University of Illinois at Urbana-Champaign)
• Aditi Bhatt, Chicago, Ill. (Computer Engineering, University of Illinois at Urbana-Champaign)

STEM Academy Philadelphia

• Aliyana Banner, Yardley, Pa. (Mechanical Engineering, Drexel University)
• Maitri Patel, Philadelphia, Pa. (Industrial and Operations Engineering, University of Michigan Ann Arbor)
• Emily Curran, Jamison, Pa. (Computer Engineering, Villanova University)

More information about Exelon’s commitment to the communities it serves can be found here.

About Exelon

Exelon (Nasdaq: EXC) is a Fortune 200 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities — Atlantic City Electric (ACE), Baltimore Gas and Electric (BGE), Commonwealth Edison (ComEd), Delmarva Power & Light (DPL), PECO Energy Company (PECO), and Potomac Electric Power Company (Pepco). More than 18,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable and efficient energy delivery, workforce development, equity, economic development and volunteerism. Follow Exelon on Twitter @Exelon.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220525005900/en/

Liz Keating

Corporate Communications

Elizabeth.Keating@Exeloncorp.com

Exelon Media Hotline 312-394-7417

Source: Exelon

FAQ

What is the Exelon Foundation scholarship amount awarded to STEM Leadership Academy graduates?

The Exelon Foundation awarded approximately $1 million in scholarships to nine graduates.

Who are the recipients of the Exelon STEM Leadership Academy scholarships for 2022?

The 2022 recipients include Allegre Oledibe, Micaela Venyo, Tahreem Rana, Nicole Constante, XiuYi Tan, Aditi Bhatt, Aliyana Banner, Maitri Patel, and Emily Curran.

How does the Exelon STEM Leadership Academy support young women?

The Academy provides scholarships and a clear pathway from participation to college and entry into the energy workforce.

What areas does the Exelon STEM Leadership Academy serve?

The Academy serves participants from Chicago, Philadelphia, and Baltimore/Washington.

What is the objective of the Exelon Foundation's scholarship program?

The objective is to ensure financial flexibility for young women to study at the college of their choice and foster future leadership at Exelon.