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09/22/2021
Contact: Kawana McGough. Communication, public relations and marketing office
in conversation with Rosellyn Junius, an older animal
and majoring in veterinary sciences.
Tuskegee University has received a $ 250,000 grant from the Regions Foundation to support student scholarships. The scholarships are intended to support at least 50 students in their studies.
The Regions Foundation is a not-for-profit initiative funded primarily by Regions Bank. The foundation supports investments in education and willingness to work, economic and community development, and financial well-being. The $ 250,000 scholarship announced on Wednesday is part of a two-year pledge of $ 12 million announced in 2020 by the Regions Foundation and Regions Bank to support various organizations promoting racial justice and economic empowerment for colored communities while creating more inclusive opportunities for success.
In particular, the scholarship to Tuskegee University will support students in Tuskegee’s Low-and-Middle Income (LMI) scholarship program.
“The Regions Foundation is committed to improving educational opportunities for students in our communities while removing barriers to success,” said Marta Self, executive director of the Regions Foundation. “These barriers often include financial challenges in earning a degree, and our goal is to use the foundation’s resources to give more students the opportunity to complete their education and pursue rewarding careers. We appreciate the work of the educators, administrators, and staff at Tuskegee University and are honored to support their work to empower students through world-class education. “
In 2020, COVID-19 negatively impacted the university’s enrollment forecasts by 4%, causing enrollment to drop by nearly 270 students compared to previous years. Funding from the Regions Foundation will help Tuskegee fill the enrollment gap by offering scholarships to low- and middle-income students who are eligible for federal funding.
Davis speaks to Robert Birmingham, Executive Vice President and
Area Manager for Regions Private Wealth Management.
Eligible students can apply for funding through the Tuskegee Office of Financial Aid as part of their financial assistance application.
In addition to the Regions Foundation Scholarship, Tuskegee University has long received financial and volunteer support from Regions Bank. Last year, Regions Bank provided emergency financial aid to students affected by COVID-19. Funding from the bank gave students access to technology and equipment to transition to online study. Regions Bank also supports annual career fairs and other events on campus. In addition, bank staff taught financial education courses as part of the bank’s social priorities.
“We have a long-term relationship with Regions Bank as they have been managing the institution’s funds for many years. We are grateful for the opportunity to forge a new relationship with the Regions Foundation, which has shown a real commitment to helping the people in their community, â€said University President Dr. Charlotte P. Morris. “Over 70% of Tuskegee students receive some kind of financial support. As our students continue to strive to complete their education in these challenging times, the Regions Foundation’s investment serves to break down the barriers to success for them. “
Savannah Williams, a biology and pre-dental student from Atlanta, Georgia, received a Regions Foundation scholarship and said it will help her focus on graduation.
“Receiving this scholarship helped ease my financial stress so that I can focus more on my studies,” said Williams. She is expected to graduate in 2023.
In addition to supporting the Regions Foundation in Tuskegee, the foundation recently supported student scholarships at other HCBUs in Alabama, Florida, and Tennessee.
About Regions Foundation
The Regions Foundation supports community investments that have a positive impact on the communities served by Regions Bank. The Foundation participates in a funding program that focuses on priorities, including economic and community development; Education and willingness to work; and financial wellbeing. The foundation is a 501 (c) (3) not for profit, funded primarily through contributions from Regions Bank.
About Regions Financial Corporation
Regions Financial Corporation (NYSE: RF) is a $ 156 billion member of the S&P 500 index and one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers in the South, Midwest and Texas and operates more than 1,300 banking offices and approximately 2,000 ATMs through its subsidiary Regions Bank. Regions Bank is an Equal Housing Lender and a member of the FDIC. For more information about regions and their full range of products and services, please visit www.regions.com.
© 2021 Tuskegee University
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