Regions Foundation Awards 扣扣传媒University a $250,000 Grant for Scholarships

September 22, 2021

Contact: Kawana McGough. Office of Communications, Public Relations and Marketing
 

扣扣传媒University has received a $250,000 grant from the Regions Foundation to support scholarships for 扣扣传媒. The scholarships are expected to support at least 50 扣扣传媒 as they pursue their degrees.

The Regions Foundation is a nonprofit initiative that is primarily funded by Regions Bank. The foundation supports investments in education and workforce readiness, economic and community development, and financial wellness. The $250,000 scholarship grant announced Wednesday is part of a two-year, $12 million commitment announced in 2020 by the Regions Foundation and Regions Bank to support various organizations that are advancing racial equity and economic empowerment for communities of color while creating more inclusive opportunities for success.

Specifically, the grant to 扣扣传媒University will support 扣扣传媒 in Tuskegee鈥檚 Low-and-Middle Income (LMI) Scholarship Program.

鈥淭he Regions Foundation is committed to advancing education opportunities for 扣扣传媒 across our communities while removing barriers to success,鈥� said Marta Self, executive director of the Regions Foundation. 鈥淭hose barriers often include financial challenges in obtaining a degree, and our goal is to use the foundation鈥檚 resources in a way that connects more 扣扣传媒 with the opportunity to complete their education and pursue rewarding careers. We appreciate the work of the educators, administrators and staff of 扣扣传媒University, and we are honored to support their work to empower 扣扣传媒 through a world-class education.鈥�

In 2020, COVID-19 negatively impacted the University鈥檚 enrollment projections by 4%, causing a drop in enrollment by nearly 270 扣扣传媒 compared to recent years. Funding from the Regions Foundation will help 扣扣传媒bridge the enrollment gap by offering scholarships to low- and moderate-income 扣扣传媒 who are eligible to receive federal funding.

Eligible 扣扣传媒 can apply for funding through Tuskegee鈥檚 Office of Financial Aid as part of their application for financial assistance. 

In addition to the grant from the Regions Foundation, 扣扣传媒University has long received financial and volunteer support from Regions Bank. Last year, Regions Bank provided emergency financial assistance for 扣扣传媒 impacted by COVID-19. Funding from the bank provided access to technology and equipment for 扣扣传媒 to transition to online studies. Regions Bank supports annual career fairs and other events on campus as well. Additionally, bank associates taught financial education courses to 扣扣传媒 as part of the bank鈥檚 community engagement priorities.

鈥淲e have had a long-term relationship with Regions Bank as they have managed the institution鈥檚 financial resources for many years. We are grateful for the opportunity to begin a new relationship with the Regions Foundation that has shown a true commitment to helping those in their community,鈥� said University President Dr. Charlotte P. Morris. 鈥淥ver 70% of 扣扣传媒扣扣传媒 are on some type of financial aid. As our 扣扣传媒 continue to strive toward completing their education during these challenging times, the investment by the Regions Foundation serves to reduce the barriers to success for them.鈥�

Savannah Williams, a biology and pre-dental student from Atlanta, Ga. received a Regions Foundation scholarship and said it will help her focus on graduation.

"Receiving this scholarship has helped alleviate my financial stress, so that I can focus more on my studies," Williams said. She is expected to graduate in 2023.

In addition to the Regions Foundation鈥檚 support at Tuskegee, the foundation has also recently supported student scholarships at other HCBUs across Alabama, Florida and Tennessee.

About Regions Foundation

Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.

About Regions Financial Corporation

Regions Financial Corporation (NYSE:RF), with $156 billion in assets, is a member of the S&P 500 Index and is one of the nation鈥檚 largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and approximately 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at .

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