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PepsiCo Launches $40M Community College Program For Black and Brown Students

PepsiCo and its philanthropic arm The PepsiCo Foundation recognize the challenges in America’s educational institutions and the need for systemic change as it pertains to low-income students of color. For these students who are in pursuit of higher education, PepsiCo has announced a new $40 million scholarship and professional mentoring program to support Black and Hispanic community college students. According to a press release, the new $40 million initiative will start off launching in Dallas , Westchester , Houston , and Chicago. PepsiCo’s plan is to expand the program across 16 additional U.S. cities in the fall and hopes to support roughly 4,000 students over the next five years. “Education is a great equalizer that enables economic growth, upward mobility and helps build generational wealth that lifts up communities over the long-term,” PepsiCo Chairman/ CEO Ramon Laguarta shares in a statement . “With this program, we are creating a differentiated experience for students...

Mar 30, 2021