FedEx Establishes New Initiative to Support Local HBCUs

Rhea-AI Summary

FedEx Corp. (NYSE: FDX) has committed $5 million to four Historically Black Colleges and Universities (HBCUs) in Mississippi and Tennessee. This initiative aims to enhance education and job readiness for students at Tennessee State University, Jackson State University, Mississippi Valley State University, and LeMoyne-Owen College. A portion of the funding will assist those affected by COVID-19. This pledge reflects FedEx's ongoing efforts to promote equity and opportunity in the Black community through education and economic support.

Positive

• Commitment of $5 million to support education and job readiness for HBCU students.
• Funding allocated to assist individuals impacted by COVID-19.
• Strengthens longstanding partnerships with HBCUs to promote equity.

Negative

• None.

FedEx Corp. (NYSE: FDX) announced today a pledge to commit $5 million to four Historically Black Colleges and Universities (HBCUs) in Mississippi and Tennessee. The initiative will create valuable education and job readiness for students at Tennessee State University, Jackson State University, Mississippi Valley State University, and LeMoyne-Owen College.

The initiative is a collaborative effort among FedEx and each school designed to help prepare students for the workforce beyond formal education. A portion of the multi-year commitment will be used to offer relief support to help students, faculty and staff at each school who have suffered adverse economic impact due to COVID-19.

“With many students and families struggling right now as a result of the COVID-19 pandemic, our hope is that this timely investment will help keep more students in school and provide future access to leadership, educational and employment opportunities,” said Judy Edge, corporate vice president of Human Resources at FedEx. “This contribution further deepens our commitment to creating more equitable communities by breaking down barriers to work and making a sustainable, long-term impact on underrepresented groups.”

This new initiative builds on the longstanding relationship between these HBCUs and FedEx, which includes endowed scholarships at Jackson State University, Tennessee State University and LeMoyne-Owen College; a customized career readiness program established at Mississippi Valley State University; and leadership summits in support of the Southern Heritage Classic for students at both Tennessee State University and Jackson State University.

Today’s announcement reinforces the company’s longstanding commitment to advancing inclusion and empowering economic opportunity in the Black community. Through skills training programs, mentoring, and collaboration with leading national and local organizations, FedEx is focused on making the communities it serves more equitable, helping empower diverse voices, and providing access to leadership, educational and employment opportunities.

About FedEx Corp.
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $75 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its nearly 600,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. To learn more about how FedEx connects people and possibilities around the world, please visit about.fedex.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210210005207/en/

FAQ

What is FedEx's recent initiative involving HBCUs?

FedEx has pledged $5 million to support education and job readiness for four HBCUs in Mississippi and Tennessee.

How will the $5 million be used by FedEx for HBCUs?

The funds will enhance educational resources and provide relief for COVID-19 impacted students and staff.

Which HBCUs are receiving support from FedEx?

Tennessee State University, Jackson State University, Mississippi Valley State University, and LeMoyne-Owen College.

What is the purpose of FedEx's commitment to HBCUs?

The commitment aims to improve workforce readiness and provide equitable opportunities in education for underrepresented groups.

What are the long-term goals of FedEx's initiative for HBCUs?

The initiative seeks to create sustainable impacts on education and economic opportunities within the Black community.