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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

CHICAGO — Exelon 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). 

Each 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.

“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.”

Students 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.

“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 our partnership.” 

Students selected for the Exelon HBCU Corporate Scholars Program:

Name
Hometown
HBCU
Adetola Bamgbose
Owings Mills, Md.
Morgan State University
Hashone Carry
Sewickley, Pa.
Lincoln University
Giovanni Casson
Dover, Del.
Lincoln University
Kennedy Cole
Chicago, Ill.
Spelman College
Nolanda Graves
Washington, D.C.
University of the District of Columbia
Bernice Hightower
Newark, N.J.
Howard University
Michael Johnson
Washington, D.C.
Howard University
Diamond Knox
Chicago, Ill.
Lane College
Jaylin Lee-Sumlin
Greenbelt, Md.
Clark Atlanta University
Emmanuel Marfo
Hyattsville, Md.
North Carolina Agricultural and Technical State University
Josiah McNeal
Homewood, Ill.
Clark Atlanta University
Tolulope Oluyadi
Upper Marlboro, Md.
Howard University
Kolbe Parnell
Baltimore, Md.
Morgan State University
Anise Puckett
Lockport, Ill.
Spelman College
Jaida Robinson-Clark
Philadelphia, Pa.
Howard University
Khaiyani Rowe
Blue Bell, Pa.
Clark Atlanta University
Noelle Smith
Elkins Park, Pa.
Howard University
Ashanta Smith 
Darby, Pa.
Lincoln University
Kiley Strong
Washington, D.C.
Howard University
Hnin Swe
Washington, D.C.
University of the District of Columbia
Fallon Warnick
West Chester, Pa.
North Carolina Agricultural and Technical State University
Da'Lonna Wells
Randallstown, Md.
Morgan State University
Courtland Wilson
Calumet City, Ill.
Morehouse College
Ari Yates 
Baltimore, Md.
Morgan State University

Nearly 200 Exelon employees are HBCU alumni. 

The HBCU Corporate Scholars Program is in total a $3 million commitment and one of several Exelon initiatives that support education and workforce development. Exelon is helping bridge the gender and racial gap in STEM careers with the annual Exelon Foundation STEM Leadership Academy, and the recently launched Green Lab Grants program, which will provide $1 million in grants of up to $50,000 each for schools and educational nonprofits to create and refresh spaces for STEM education. Together, Exelon and its utilities—Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO and Pepco—have more than 65 unique workforce development programs designed to bring economic equity, empowerment and employment opportunity to under-resourced communities. The individual Exelon utilities with HBCUs in their service areas also provide additional support to those institutions beyond this initiative.

These commitments extend outside of Exelon’s walls through philanthropic support of similar work by other organizations in the community. In 2021 alone, Exelon, the Exelon Foundation and Exelon’s operating companies provided nonprofits with nearly $16 million in grants for education programs.

More information about Exelon’s culture of corporate citizenship is available at exeloncorp.com





 

 

 

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