U. S. Steel Foundation Awards College Scholarships to Employees’ Children

Rhea-AI Summary

United States Steel (NYSE: X) announced the awarding of 20 college scholarships to children of its employees, funded by the U. S. Steel Foundation. Each scholarship is worth $10,000, disbursed as $2,500 per year over four years. Since 1995, the program has awarded over $4.4 million to more than 525 students. This year also introduced the Maverick Award and Trailblazer Award, honoring two U. S. Steel retirees, which provide additional one-time $5,000 scholarships. Scholarship recipients are selected based on academic achievements, leadership, and community involvement. This initiative underscores U. S. Steel’s commitment to supporting its workforce and fostering future leaders.

Positive

• Awarding of 20 new scholarships worth $10,000 each to employees' children demonstrates strong employee support.
• Introduction of two additional awards, the Maverick and Trailblazer Awards, offering $5,000 scholarships each.
• Over $4.4 million awarded since 1995, showing a long-term commitment to education support.
• Recipients selected based on academic achievements, leadership, and community involvement, which reflects positively on the company’s value system.

Negative

• No direct mention of financial ROI for the company, making it difficult to measure the immediate business impact.
• Total new scholarship disbursement of $200,000 represents an additional expense that may affect short-term financial metrics.

PITTSBURGH--(BUSINESS WIRE)-- United States Steel Corporation (NYSE: X) announced it has awarded 20 college scholarships to students across the country. All the recipients are children of U. S. Steel employees. The scholarships are funded by the United States Steel Foundation.

“Our exceptional people have been and always will be the heart of U. S. Steel. By investing in our U. S. Steel families and the education of their children, we are not only honoring the hard work and dedication of our workforce but also fostering the next great generation of innovators and leaders,” said Tara Carraro, U. S. Steel Senior Vice President and Chief Communications Officer. “These students have not only excelled academically but have demonstrated exceptional leadership skills and a commitment to their communities – values we hold dear at U. S. Steel.”

Since 1995, the U. S. Steel Scholarship program has awarded more than $4.4 million to more than 525 children of both represented and non-represented employees across the company to support their higher education goals. Scholarship recipients are selected based on academic achievements, leadership and participation in school and community activities. This is one of the many ways in which we demonstrate our deep appreciation for our workforce.

This year, the U. S. Steel Scholarship program awarded 20, $10,000 awards ($2,500 per year renewable for up to four years) to current high school seniors. All winners will be enrolled full-time in an accredited two- or four-year college or university or vocational-technical school in the United States for the 2024-2025 academic year.

Two scholarships - the Maverick Award and Trailblazer Award - were established in 2023 in honor of two U. S. Steel retirees. The recipients receive a one-time $5,000 scholarship in addition to the U. S. Steel Scholarship for a total of $7,500. The Maverick Award is given in honor of Barry Melnkovic, retired Senior Vice President and Chief Human Resources Officer, to a student dedicated to advancing diversity, equity, and inclusion either in study or extracurricular activities. The Trailblazer Award is given in honor of Christie Breves, retired Executive Vice President of Business Transformation, to a student pursuing a career in business or finance and who advocates for women.

Student recipients are as follows (grouped by U. S. Steel facility location):

Big River Steel

• Sereniti Davis graduated from Gosnell High School and plans to enroll at Spelman College.
• Pacey Medley graduated from Delta C-7 High School and plans to enroll at Missouri State University: West Plains.
• Kevin Morris, Jr. graduated from Rivercrest High School and plans to enroll at University of Arkansas Community College Rich Mountain.

Fairfield Tubular Operations

• Michaela Stokes graduated from Mortimer Jordan High School and plans to enroll at the University of Alabama. Michaela is the recipient of the Maverick Award.
• Jamison Veasey graduated from Jefferson County International Baccalaureate High School and plans to enroll at the Mississippi State University. Jamison is the recipient of the Trailblazer Award.

Gary Works

• Mackenzie Eberle graduated from Hobart High School and plans to enroll at Indiana University-Purdue University Indianapolis.
• John Koeppen graduated from Wheeler High School and plans to enroll at Indiana University Northwest.
• Jerzy Mayer graduated from Crown Point High School and plans to enroll at Lewis University.
• Evan Meyer graduated from Victory Christian Academy and plans to enroll at Cornerstone University.
• Claudia Stage graduated from Valparaiso High School and plans to enroll at Purdue University.
• Alivia Torres graduated from River Forest High School and plans to enroll at Purdue University.

Granite City Works

• Charles Fears graduated from Marquette Catholic High School and plans to enroll at Missouri State University.

Great Lakes Works

• Madison DuVall graduated from Monroe County Middle College and plans to enroll at University of Michigan.

Headquarters

• Shane Root graduated from Avonworth High School and plans to enroll at Coastal Carolina University.

Minnesota Ore Operations

• Desiree Diiorio graduated from Hibbing High School and plans to enroll at Minnesota North College, Hibbing.
• Luke Hecimovich graduated from Rock Ridge High School and plans to enroll at College of Saint Benedict and Saint John's University.
• Kathleen Nelson graduated from Mountain Iron-Buhl High School and plans to enroll at Lake Superior College.

Mon Valley Works

• Jayden Groh graduated from Connellsville Area High School and plans to enroll at Florida Institute of Technology.
• Riley Jones graduated from Charleroi Area High School and plans to enroll at Chatham University.
• Brian Senkowicz graduated from Pittsburgh Science and Technology Academy and plans to enroll at University of Arizona.

The U. S. Steel Scholarship program is administered by Scholarship America, a non-profit scholarship management organization. This year’s recipients represent U. S. Steel locations in Alabama, Arkansas, Illinois, Indiana, Michigan, Minnesota, and Pennsylvania.

About U. S. Steel

Founded in 1901, United States Steel Corporation is a leading steel producer. With an unwavering focus on safety, the Company’s customer-centric Best for All^® strategy is advancing a more secure, sustainable future for U. S. Steel and its stakeholders. With a renewed emphasis on innovation, U. S. Steel serves the automotive, construction, appliance, energy, containers, and packaging industries with high value-added steel products such as U. S. Steel’s proprietary XG3™ advanced high-strength steel. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons. U. S. Steel is headquartered in Pittsburgh, Pennsylvania, with world-class operations across the United States and in Central Europe. For more information, please visit www.ussteel.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240605169249/en/

U. S. Steel Media Relations

T - (412) 433-1300

E - media@uss.com

Source: United States Steel Corporation

FAQ

What is the value of the U. S. Steel scholarships awarded in 2023?

Each scholarship is worth $10,000, disbursed as $2,500 per year over four years.

Who funds the U. S. Steel scholarships?

The scholarships are funded by the United States Steel Foundation.

How many scholarships has U. S. Steel awarded since 1995?

Since 1995, U. S. Steel has awarded over $4.4 million in scholarships to more than 525 students.

What are the Maverick and Trailblazer Awards?

The Maverick and Trailblazer Awards are additional $5,000 scholarships given in honor of two U. S. Steel retirees.

How are the U. S. Steel scholarship recipients selected?

Recipients are selected based on academic achievements, leadership, and participation in school and community activities.

Which states are represented by this year’s U. S. Steel scholarship recipients?

This year’s recipients represent U. S. Steel locations in Alabama, Arkansas, Illinois, Indiana, Michigan, Minnesota, and Pennsylvania.

What is the total new scholarship disbursement announced by U. S. Steel?

The total new scholarship disbursement is $200,000 for the 20 scholarships awarded.