The Kemper Foundation Launches Next Generation Kemper Scholars Program With Multi-Year $4.5 Million Commitment

Rhea-AI Summary

The Kemper Foundation has committed $4.5 million to its Kemper Scholars Program, aiming to award 650 scholarships to diverse college students over the next five years. The initiative targets students in business-related fields and includes partnerships with 10 universities, notably 6 HBCUs and HSIs. The program will also provide over 325 internships and financial grants for professors and DE&I efforts at partner schools. Kemper emphasizes education as a philanthropic pillar to support future business leaders.

Positive

• Commitment of $4.5 million towards the Kemper Scholars Program.
• 650 scholarships awarded to diverse students over five years.
• Partnership with 10 universities, including 6 HBCUs and HSIs.
• Provision of over 325 internships to students at partner schools.

Negative

• None.

CHICAGO--(BUSINESS WIRE)-- The Kemper Foundation announced today that it has committed $4.5 million to the next generation of its Kemper Scholars Program. The program will award 650 scholarships over the next five years to high-achieving, diverse college students at 10 universities, including six Historically Black Colleges and Universities (HBCUs) and Hispanic Serving Institutions (HSIs). The program also provides financial grants to professors pursuing academic initiatives and to on-campus diversity, equity and inclusion (DE&I) programs. In addition, The Kemper Foundation will partner with Kemper Corporation to offer over 325 internships to partner schools over the next five years.

Partner schools include:

• Cal State LA — Los Angeles, California
• Clark Atlanta University — Atlanta, Georgia
• Florida International University — Miami, Florida
• Harris Stowe University — St. Louis, Missouri
• Miles College — Fairfield, Alabama
• Northwestern University – Evanston, Illinois
• The University of Chicago – Chicago, Illinois
• The University of Notre Dame – South Bend, Indiana
• The University of Texas Rio Grande Valley — McAllen, Texas
• The University of Wisconsin – Madison, Wisconsin

The need-based scholarships are awarded to students with rising junior or senior status in an academic area related to business, including financial services, actuarial science and insurance.

Partner schools will also receive financial grants supporting professors as they serve as liaisons to Kemper Scholars, pursue DE&I-related research opportunities, and other initiatives. Financial grants will also be provided to bolster partner school on-campus DE&I programs and events. In addition, Scholars are also eligible to apply for internships with Kemper Corporation, gaining exposure to corporate and business environments and crucial insurance industry experience

“Support for education is one of our primary philanthropic pillars, as we aim to provide access to education to inspire and empower people to achieve their full potential,” said Joseph P. Lacher, Jr., Kemper Corporation’s President, CEO and Chairman, and Chairman of The Kemper Foundation’s Board of Trustees. “We’re committed to building long-term relationships with leading academic institutions to offer diverse students not only financial support but a path to outstanding career opportunities as future business leaders. In addition, we hope to help elevate our partners’ on-campus DE&I efforts through our professor grants and program support.”

To learn more about The Kemper Foundation and the Kemper Scholars Program, visit The Kemper Foundation website.

About The Kemper Foundation

The Kemper Foundation, the philanthropic partner of Kemper Corporation, focuses on support for charitable causes and organizations supporting education, health, and community development. Through financial support and employee volunteerism, The Kemper Foundation aims to make a meaningful difference in the communities where we live and work.

About Kemper

The Kemper family of companies is one of the nation’s leading specialized insurers. With approximately $15 billion in assets, Kemper is improving the world of insurance by providing affordable and easy-to-use personalized solutions to individuals, families and businesses through its Auto, Personal Insurance, Life and Health brands. Kemper serves over 6.5 million policies, is represented by approximately 35,400 agents and brokers, and has approximately 10,300 associates dedicated to meeting the ever-changing needs of its customers.

Learn more about Kemper.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220223006077/en/

News Media: Barbara Ciesemier, 312.661.4521, bciesemier@kemper.com

Investors: Karen Guerra, 312.661.4930, investors@kemper.com

Source: The Kemper Foundation

FAQ

What is the amount committed by Kemper Foundation to the Scholars Program?

The Kemper Foundation has committed $4.5 million to the Scholars Program.

How many scholarships will be awarded through the Kemper Scholars Program?

The program will award 650 scholarships over the next five years.

Which types of institutions will benefit from the Kemper Scholars Program?

The program will benefit 10 universities, including 6 HBCUs and Hispanic Serving Institutions.

What types of internships will Kemper Corporation offer?

Kemper Corporation will offer over 325 internships to students at partner schools.

What is the focus of the scholarships provided by the Kemper Foundation?

The scholarships are targeted at students in business-related fields.