Logo courtesy of Southern Company

Southern Company Announces a $50 million Initiative for Students at Historically Black Colleges and Universities

Originally posted on Southerncompany.com

Southern Company and its subsidiaries announced a $50 million multi-year initiative to provide students attending historically black colleges and universities (HBCUs) with scholarships, internships, leadership development, and access to technology and innovation to support career readiness. This initiative will provide support for students attending select HBCUs within the Southern Company system’s service footprint in Alabama, Mississippi, Georgia, North Carolina, Tennessee and Virginia.

“This investment is a statement of our belief that America needs these HBCU graduates in order to ensure a thriving economy for generations to come,” said Thomas A. Fanning, chairman, president and CEO, Southern Company. “We invite others to partner with us to create the scholarships, internships, and opportunities to train the leaders of tomorrow.”

Southern Company acknowledges that building the talent pipeline at HBCUs cannot be done by one corporation –additional partners are needed to join in support with matching gifts.

HBCUs have a longstanding tradition of graduating compelling and impactful leaders. Founded before the Civil Rights Act of 1964, HBCUs were created, primarily, to provide African Americans with high quality education and skills development when laws prohibited them from being admitted at predominantly white colleges and universities. As a result, HBCUs have become incubators for innovative and bold leadership. The legacy of HBCUs includes pioneering leaders like Rev. Dr. Martin Luther King, Jr. (Morehouse); Alice Walker (Spelman College); George Washington Carver (Tuskegee Institute); and many others. With an influx of support, HBCUs can grow this legacy by ensuring students have the resources and support not only to graduate, but to excel.

“Southern Company’s initiative is a tribute to the legacy of HBCUs as difference-makers for the American workforce. With this investment, we aim to foster a generation of graduates ready to disrupt industries and offer solutions to address the needs of our changing world,” said Chris Womack, executive vice president and president of external affairs, Southern Company.

Southern Company’s $50 million HBCU initiative is envisioned as a leadership development platform. It seeks to provide funding for programs that address four priorities necessary for producing HBCU graduates who are ready to become innovative leaders:

  • Provide critical scholarship dollars to ensure talented students can attend and complete college;
  • Equip HBCU students with access to new technology and train them to use the technology to solve real-world problems;
  • Expose HBCU students to curricula, mentoring, and pathways to funding that increase their access to entrepreneurship; and
  • Develop a corporate pipeline for leadership and career development, beginning with internships provided by Southern Company and corporate partners, to create avenues to prosperity.

Further details on this competitive program will be announced by May 1, 2020. The first round of funding will be awarded in time for the academic year beginning in fall 2021.

Latest News

AIG Insurance Careers Month

In honor of the 5th Annual Insurance Career’s Month, AIG is proudly showcasing its dedicated employees. Throughout the month of February, several “Up Close” features have been created following the 2020 themes of philanthropy, diversity and inclusion and insurance as a purpose-driven industry. Priya Kumar from the Investments team shares her…

Accenture Technology Vision 2020: From Tech-Clash to Trust, the Focus Must Be on People

Originally posted on Accenture.com To compete and succeed in a world where digital is everywhere, companies need a new focus on balancing “value” with “values,” aligning their drive to create business value with their customers’ and employees’ values and expectations, according to Accenture Technology Vision 2020. The 20th edition of Accenture’s…

TIAA Logo

TIAA: Howard University Event Focused on Solving Financial Challenges, Building Economic Strength of African American Community

Originally published on tiaa.org. TIAA and AARP sponsored event featured industry experts, including CBS National News Correspondent, Michelle Miller. On January 31, Howard University convened an important event focused on enhancing the economic strength and financial wellness of African Americans. The event, sponsored by TIAA and AARP, brought together industry…

How Toyota Encourages the Youth of America

Originally published on pressroom.toyota.com. Shannyn Baumgartner, a credit supervisor at Toyota Financial Services (TFS), relished her time volunteering with the Boys & Girls Clubs of Metro Denver, participating in holiday dinners and collecting back-to-school donations. But when she became a judge for the Clubs’ Youth of the Year Award in 2017,…

AT&T Climate Resiliency Community Challenge

Originally posted on Att.com AT&T Supports Research at Five Universities to Assess Climate Risks and Help Boost Community Resilience  As part of our Climate Resiliency Community Challenge, five universities have been selected to conduct research that will help communities in the southeastern United States build resilience to climate change. Each academic…

Worldwide Olympic Partner Dow Announces 5M Tonnes CO2e Greenhouse Gas Emission Reductions Verified From its Carbon Programs

Originally posted on Dow.com Initiatives with the organizing committees of Sochi 2014 and Rio 2016 and the IOC enabled carbon reductions in areas such as infrastructure, reforestation, manufacturing and packaging projects Following the completion of annual third-party verification, Dow announced the reduction of 655,000 tonnes carbon dioxide equivalent (CO2e) of…

depression

How Company Leadership Can Support Diverse Employees with Depression

Depression is an invisible but common mental health problem in the U.S.  One in five Americans are affected by mental health issues, and depression tops the list as  a condition many Americans experience. It can be debilitating and could cost businesses $44 billion a year in lost productivity in the U.S., according to the National Institute of Mental Health….

Novartis — Build Trust With Society

Originally published on annualreview.novartis.com. We are making good progress on integrating ethics, access to medicine, global health and corporate responsibility into the core of our business strategy. In 2019, we pursued changes to strengthen governance; took steps to improve decision-making and reinforce our speak-up culture; further integrated access into how…