Press release
Exelon Awards $2.4 Million in Scholarships to 24 Students at Historically Black Colleges and Universities
HBCU Corporate Scholars Program, in partnership with UNCF, helps students access higher education and build a foundation for career readiness
About this update from Exelon Corporation
[{"type":"text","content":"\nHBCU Corporate Scholars Program, in partnership with UNCF, helps students access higher education and build a foundation for career readiness\n\n CHICAGO--(BUSINESS WIRE)--\nExelon Corporation (Nasdaq: EXC) and the Exelon Foundation have committed $2.4 million in scholarships to 24 college freshmen selected for the company’s HBCU Corporate Scholars Program, launched in partnership with UNCF (United Negro College Fund) to provide scholarship assistance, internship experiences and early-career readiness training to students attending historically Black colleges and universities (HBCUs).\n\nEach student will receive $25,000 of need-based aid per year for four years – a total of up to $100,000. This cohort is the first to participate in the program, which was announced in fall 2021. The program will help prepare HBCU students for rewarding careers at Exelon and in the energy industry.\n\n“Congratulations and welcome to our first 24 HBCU Corporate Scholars. Our 18,000 Exelon employees wish you success as you embark on a tremendous learning opportunity,” said Chris Crane, president and CEO of Exelon. “We continue to be grateful for our partnership with UNCF and our prestigious HBCU partners that are helping to develop motivated young people eager to lead the transformation to a clean energy future.”\n\nStudents enrolled in their first year at an HBCU and who reside in Delaware, Illinois, Maryland, New Jersey, Pennsylvania or Washington, D.C.—the home regions of Exelon’s six utilities—were eligible to apply for the program. UNCF manages the program and consistently engages student scholars to support their academic progress and personal and professional development. Among UNCF’s engagement activities is internship preparation focused on connecting students with an internship at Exelon germane to their academic interests in one or more of business administration, business management, engineering, finance, information technology and supply-chain management. All students apply for summer internships as part of the program.\n\n“This gift is an exciting new venture for Exelon, and we thank them for this new program,” said Maurice E. Jenkins, Jr., executive vice president and chief development officer, UNCF. “Exelon has been and continues to be an active supporter of our mission for many years, and we look forward to growing and continuing...