Hess Corporation Announces $1.4 Million Grant to Jackie Robinson Foundation

Rhea-AI Summary

Hess Corporation (NYSE: HES) announced a $1.4 million grant to the Jackie Robinson Foundation, reinforcing its commitment to diversity, equity, and inclusion. This grant allocates $1 million for the upcoming Jackie Robinson Museum in New York City and $400,000 for scholarships and support services for underrepresented college students. Starting in 2022, Hess plans to offer internship opportunities to these scholars, enhancing their educational experience. CEO John Hess emphasized the company's dedication to social investment and leadership development through education.

Positive

• Commitment to diversity and inclusion through a $1.4 million grant.
• Funding of $1 million for the Jackie Robinson Museum enhances brand reputation.
• Allocation of $400,000 for scholarships promotes educational opportunities.
• Internship program for JRF Scholars supports workforce development.

Negative

• None.

Hess Corporation (NYSE: HES) today announced a $1.4 million grant to the Jackie Robinson Foundation (JRF) as part of the company’s longstanding commitment to diversity, equity and inclusion.

The grant includes $1 million to support the new Jackie Robinson Museum being built in New York City, which will serve as a venue for innovative educational programming and dialogue on critical social issues. The remaining $400,000 will provide four-year scholarships and support services as part of the JRF Scholarship Program to five underrepresented college students starting in the fall of 2021. In addition, Hess will provide internship opportunities for JRF Scholars, with a goal of five Hess JRF Scholar internships per year starting in 2022.

“Our company has a proud history of social investment programs focused on education to advance equal opportunity and economic growth throughout society,” said Chief Executive Officer John Hess. “We are delighted to support the Jackie Robinson Foundation in its celebrated work to promote the humanitarian values that defined Jackie Robinson’s life through higher education and leadership.”

“The Jackie Robinson Foundation is extremely grateful for Hess Corporation’s generous investment in our mission. This extraordinary gift allows us to provide critical support to young leaders who go on to embrace the values embedded in the life and legacy of our namesake,” said Della Britton, JRF President and CEO. “What’s more, Hess’ pledge to help bring to fruition the Jackie Robinson Museum also speaks to its commitment to promote equal opportunity and to challenge society to use history to inform a better future. We could not be more thrilled to partner with Hess Corporation.”

About Hess

Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information about Hess Corporation is available at www.hess.com.

About the Jackie Robinson Foundation

Since 1973, the Jackie Robinson Foundation (JRF) has perpetuated the memory of Jackie Robinson by providing four-year scholarships and comprehensive support to highly motivated students with financial need attending colleges and universities across the country to ensure their success and develop their leadership potential. With the opening of the Jackie Robinson Museum in 2022, the Foundation will build on the legacy of Jackie Robinson by educating and inspiring the general public around his heroic story and the ideals and values that defined his life. Learn more by visiting www.jackierobinson.org.

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FAQ

What is the purpose of Hess Corporation's $1.4 million grant?

Hess Corporation's grant supports the Jackie Robinson Foundation, funding the Jackie Robinson Museum and scholarships for underrepresented students.

How much money is allocated for the Jackie Robinson Museum?

Hess Corporation allocated $1 million for the Jackie Robinson Museum in New York City.

What will the $400,000 from Hess Corporation be used for?

The $400,000 will provide scholarships and support services for five underrepresented college students.

When will Hess Corporation start offering internships for JRF Scholars?

Hess Corporation will start offering internships for JRF Scholars in 2022.

Who benefits from Hess Corporation's funding to the Jackie Robinson Foundation?

Five underrepresented college students will benefit from scholarships and internship opportunities funded by Hess Corporation.