Marriott International, the KPMG Foundation and New York Life Foundation Give Back to Students

By the DiversityInc staff

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July 29, 2008

Keywords: Marriott ; KPMG; New York Life Foundation; Alpha Kappa Alpha; Top 50; Minority Doctoral Scholarship; Alice S. Marriott; BELL; Building Leaders for Life

Marriott International will launch a $100,000 scholarship fund for diverse students with an interest in the hospitality industry. The Alice S. Marriott scholarship will be managed by the Alpha Kappa Alpha sorority and will award $25,000 to its recipients from 2008 to 2011. The scholarship program--named in honor of cofounder Alice S. Marriott, who founded the Marriott Corp. with her husband, J. Willard Marriott--mirrors the spirit of Marriott, whose passion for philanthropy is an essential part of the hotel corporation's values.

Marriott International is No. 11 on The DiversityInc Top 50 Companies for Diversity list^®.

The KPMG Foundation awarded $410,000 worth of scholarships in an effort to increase the number of Black, Latino and American Indian Ph.D. recipients and business-school professors. The awards for the 2008--2009 academic year are a part of the Minority Accounting Doctoral Scholarship program. The 41 doctoral students will receive $10,000 scholarships that are renewable for up to five years. To date, the KPMG Foundation has provided financial support for three-fourths of all accounting doctoral students from traditionally underrepresented groups in the U.S., totaling $8.6 million in scholarships.

KPMG is No. 49 on The DiversityInc Top 50 Companies for Diversity list.

New York Life Foundation is aiding in the prevention of "summer learning loss" by donating $500,000 toward the Building Leaders for Life (BELL) summer program. The program takes K--6 students from underperforming schools and makes them a part of a six-week intensive summer program to equip them with the necessary skills for the upcoming school year. BELL was founded in 1992 by Black and Latino Harvard students. It currently services 11,000 students with after-school and summer programs in the New York, Baltimore, Boston, Detroit, and Springfield, Mass., areas.