Children of railroaders benefit from new $1.2 million scholarship fund

Rhea-AI Summary

Norfolk Southern (NYSE: NSC) has launched the Thoroughbred Scholars program, awarding scholarships of up to $10,000 over four years to 100 children of its employees. The program, aimed at promoting education, received over 500 applications. Additionally, three special scholarships of up to $40,000 will be awarded to exceptional students in specific fields. The initiative supports front-line employees and reinforces the company's commitment to education and community involvement.

Positive

• Total scholarship fund amounting to $1.2 million.
• Supports education for employees' children, fostering employee morale.
• Received over 500 scholarship applications.

Negative

• None.

Norfolk Southern launches annual program supporting college students

ATLANTA, July 28, 2022 /PRNewswire/ -- One hundred children of Norfolk Southern Corporation (NYSE: NSC) employees will receive college scholarships of up to $10,000 over four years through the company's new Thoroughbred Scholars program. In addition, three students will receive special awards of up to $40,000 over four years. First launched this summer, the Thoroughbred Scholars program received more than 500 applications.

"We created the Thoroughbred Scholars program as another way to support our colleagues and their families," said Norfolk Southern President and CEO Alan Shaw. "We are putting our values into action with a program that recognizes the importance of a strong education and skill development. We're proud of these outstanding students and look forward to the great things they will achieve in their academic pursuits."

Ninety of the 100 scholarships were designated for children of Norfolk Southern's front-line field employees – such as conductors, engineers, mechanics, and others – who keep America's economy moving every day. The recipients come from 16 states across the company's network. The Thoroughbred Scholars receive $2,500 per year, renewable up to four years, for full-time students pursuing an undergraduate degree at an accredited two or four-year institution.

The company also created three special scholarships for $10,000 each, renewable up to four years: 

• The HBCU Scholar will be awarded annually to a student attending a Historically Black College or University. The inaugural winner is Ari Sneed of Snellville, Georgia, who is majoring in computer science at Tuskegee University.
• The STEM Scholar goes to a student pursuing a degree in a nonmedical science, technology, engineering, or mathematics field. Brody Greene of Beaver, Pennsylvania, is the first recipient and plans to major in energy systems engineering at the University of Wyoming.
• The Community Scholar goes to a student who has distinguished themselves through community leadership and volunteer work. Mattie Vaughn of Gardendale, Alabama, received the award and plans to major in human development and family sciences at Auburn University.

The Thoroughbred Scholars program is independently administered by Scholarship America. The organization is the nation's largest manager of scholarship and education support programs for corporations, foundations, associations, and individuals.

Students in the inaugural class of Thoroughbred Scholars represent the following states:

Alabama: 6	North Carolina: 2
Georgia: 19	New York: 4
Illinois: 4	Ohio: 11
Indiana: 7	Pennsylvania: 18
Kentucky: 2	South Carolina: 5
Michigan: 4	Tennessee: 4
Missouri: 3	Virginia: 12
Mississippi: 1	West Virginia: 1

About Norfolk Southern

Since 1827, Norfolk Southern Corporation (NYSE: NSC) and its predecessor companies have safely moved the goods and materials that drive the U.S. economy. Today, it operates a customer-centric and operations-driven freight transportation network. Committed to furthering sustainability, Norfolk Southern helps its customers avoid 15 million tons of yearly carbon emissions by shipping via rail. Its dedicated team members deliver more than 6.7 million carloads annually, from agriculture to consumer goods, and is the largest rail shipper of auto products and metals in North America. Norfolk Southern also has the most extensive intermodal network in the eastern U.S., serving a majority of the country's population and manufacturing base, with connections to every major container port on the Atlantic coast as well as the Gulf of Mexico and Great Lakes. Learn more by visiting www.NorfolkSouthern.com.

 

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SOURCE Norfolk Southern Corporation

FAQ

What is the Thoroughbred Scholars program by Norfolk Southern?

The Thoroughbred Scholars program provides scholarships up to $10,000 over four years for children of Norfolk Southern employees, aimed at promoting education.

How many scholarships were awarded in the Thoroughbred Scholars program?

A total of 100 scholarships were awarded in the inaugural year of the Thoroughbred Scholars program.

What is the total funding amount for the Thoroughbred Scholars program?

The total funding for the Thoroughbred Scholars program is $1.2 million.

When was the Thoroughbred Scholars program launched?

The Thoroughbred Scholars program was launched in July 2022.

Who is eligible for the scholarships in the Thoroughbred Scholars program?

Children of Norfolk Southern employees, especially front-line workers, are eligible for the Thoroughbred Scholars program.