An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Exelon Awards $2.4 Million in Scholarships to 24 Students at Historically Black Colleges and Universities
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Exelon Corporation (Nasdaq: EXC) and the Exelon Foundation have allocated $2.4 million in scholarships to 24 college freshmen through the HBCU Corporate Scholars Program, aimed at supporting students from historically Black colleges and universities (HBCUs). Each selected student receives $25,000 annually for four years, totaling $100,000. The initiative focuses on career readiness and offers internships tailored to students' academic interests.
Positive
Commitment of $3 million for the HBCU Corporate Scholars Program.
24 students awarded scholarships of $25,000 annually, promoting educational access.
Negative
None.
HBCU Corporate Scholars Program, in partnership with UNCF, helps students access higher education and build a foundation for career readiness
CHICAGO--(BUSINESS WIRE)--
Exelon Corporation (Nasdaq: EXC) and the Exelon Foundation have committed $2.4 million in scholarships to 24 college freshmen selected for the company’s HBCU Corporate Scholars Program, launched in partnership with UNCF (United Negro College Fund) to provide scholarship assistance, internship experiences and early-career readiness training to students attending historically Black colleges and universities (HBCUs).
Each student will receive $25,000 of need-based aid per year for four years – a total of up to $100,000. This cohort is the first to participate in the program, which was announced in fall 2021. The program will help prepare HBCU students for rewarding careers at Exelon and in the energy industry.
“Congratulations and welcome to our first 24 HBCU Corporate Scholars. Our 18,000 Exelon employees wish you success as you embark on a tremendous learning opportunity,” said Chris Crane, president and CEO of Exelon. “We continue to be grateful for our partnership with UNCF and our prestigious HBCU partners that are helping to develop motivated young people eager to lead the transformation to a clean energy future.”
Students enrolled in their first year at an HBCU and who reside in Delaware, Illinois, Maryland, New Jersey, Pennsylvania or Washington, D.C.—the home regions of Exelon’s six utilities—were eligible to apply for the program. UNCF manages the program and consistently engages student scholars to support their academic progress and personal and professional development. Among UNCF’s engagement activities is internship preparation focused on connecting students with an internship at Exelon germane to their academic interests in one or more of business administration, business management, engineering, finance, information technology and supply-chain management. All students apply for summer internships as part of the program.
“This gift is an exciting new venture for Exelon, and we thank them for this new program,” said Maurice E. Jenkins, Jr., executive vice president and chief development officer, UNCF. “Exelon has been and continues to be an active supporter of our mission for many years, and we look forward to growing and continuing our partnership.”
Students selected for the Exelon HBCU Corporate Scholars Program:
Name
Hometown
HBCU
Adetola Bamgbose
Owings Mills, Md.
Morgan State University
Hashone Carry
Sewickley, Pa.
Lincoln University
Giovanni Casson
Dover, Del.
Lincoln University
Kennedy Cole
Chicago, Ill.
Spelman College
Nolanda Graves
Washington, D.C.
University of the District of Columbia
Bernice Hightower
Newark, N.J.
Howard University
Michael Johnson
Washington, D.C.
Howard University
Diamond Knox
Chicago, Ill.
Lane College
Jaylin Lee-Sumlin
Greenbelt, Md.
Clark Atlanta University
Emmanuel Marfo
Hyattsville, Md.
North Carolina Agricultural and Technical State University
Josiah McNeal
Homewood, Ill.
Clark Atlanta University
Tolulope Oluyadi
Upper Marlboro, Md.
Howard University
Kolbe Parnell
Baltimore, Md.
Morgan State University
Anise Puckett
Lockport, Ill.
Spelman College
Jaida Robinson-Clark
Philadelphia, Pa.
Howard University
Khaiyani Rowe
Blue Bell, Pa.
Clark Atlanta University
Noelle Smith
Elkins Park, Pa.
Howard University
Ashanta Smith
Darby, Pa.
Lincoln University
Kiley Strong
Washington, D.C.
Howard University
Hnin Swe
Washington, D.C.
University of the District of Columbia
Fallon Warnick
West Chester, Pa.
North Carolina Agricultural and Technical State University
Da'Lonna Wells
Randallstown, Md.
Morgan State University
Courtland Wilson
Calumet City, Ill.
Morehouse College
Ari Yates
Baltimore, Md.
Morgan State University
Nearly 200 Exelon employees are HBCU alumni.
The HBCU Corporate Scholars Program is in total a $3 million commitment and one of several Exelon initiatives that support education and workforce development. Exelon is helping bridge the gender and racial gap in STEM careers with the annual Exelon Foundation STEM Leadership Academy, and the recently launched Green Lab Grants program, which will provide $1 million in grants of up to $50,000 each for schools and educational nonprofits to create and refresh spaces for STEM education. Together, Exelon and its utilities—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—have more than 65 unique workforce development programs designed to bring economic equity, empowerment and employment opportunity to under-resourced communities. The individual Exelon utilities with HBCUs in their service areas also provide additional support to those institutions beyond this initiative.
These commitments extend outside of Exelon’s walls through philanthropic support of similar work by other organizations in the community. In 2021 alone, Exelon, the Exelon Foundation and Exelon’s operating companies provided nonprofits with nearly $16 million in grants for education programs.
More information about Exelon’s culture of corporate citizenship is available at exeloncorp.com.
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.
About UNCF
UNCF (United Negro College Fund) is the nation’s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students’ education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically Black colleges and universities are highly effective, awarding nearly 20% of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste.”® Learn more at UNCF.org or for continuous updates and news, follow UNCF on Twitter at @UNCF.
What is the Exelon HBCU Corporate Scholars Program?
The Exelon HBCU Corporate Scholars Program is a $3 million initiative providing scholarships and internship opportunities to students at historically Black colleges and universities.
How much funding has Exelon allocated for scholarships?
Exelon has allocated $2.4 million in scholarships through the HBCU Corporate Scholars Program.
What is the total scholarship amount per student in the Exelon program?
Each student in the Exelon program will receive $25,000 per year for four years, totaling $100,000.
When was the HBCU Corporate Scholars Program announced?
The HBCU Corporate Scholars Program was announced in fall 2021.
Which regions are eligible for the Exelon scholarship program?
Eligible students reside in Delaware, Illinois, Maryland, New Jersey, Pennsylvania, and Washington, D.C.
