Tuesday, January 6, 2009

FedEx Invests $352,500 in Hispanic Scholarship Fund Scholarships and Outreach Programs

/PRNewswire/ -- The Hispanic Scholarship Fund (HSF), the nation's leading Latino scholarship organization supporting Hispanic higher education, will receive $352,500 over the next three years from FedEx Corp. (NYSE:FDX) . This funding from FedEx will provide scholarships for deserving students and support for four community education programs in local markets.

FedEx recently completed a previous three-year, $332,500 commitment that provided 15 four-year scholarships to deserving students. This renewal will fund five, four-year scholarships for each of the 2009, 2010 and 2011 academic years. This funding will impact HSF's ability to continue the current level of support to Latino students and help HSF work toward its mission of doubling the rate of Hispanics earning college degrees, to 18 percent.

"FedEx believes that educating and inspiring leaders is vital to our future," said Juan N. Cento, president, FedEx Express Latin America and Caribbean Division (LAC), and the Corporation's highest-ranking Hispanic executive. "Education has always been key to unlocking potential in people, and that is why we are committed to providing minority students with the scholarship funds they need to obtain a higher education."

Funding from FedEx Corp. will also provide support for four HSF Town Hall Meetings across the U.S. -- in San Francisco, Dallas, Miami and Indianapolis -- in 2008-2009. These bilingual, multi-media sessions cover the essentials of college preparation and financial aid for students and their families.

"We are delighted that FedEx has invested in the youth who will become tomorrow's leaders in their communities and in corporations across America," said Frank D. Alvarez, HSF President & CEO. "We very much value our relationship with FedEx Corp., and this additional investment further enables HSF to support the growing number of Hispanic students seeking access to higher education."

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