The Walt Disney Company announced a $1 million commitment to the United Negro College Fund (UNCF) on Friday.
The UNCF, one of the leading minority scholarship organizations, will use the money to provide scholarships to outstanding African American students in underserved communities across the country, while expanding educational and career resources for them.
The UNCF traditionally serves low-income youth who are the first in their families to go to college, with more than 50 percent coming from families whose incomes are less than $30,000 per year.
The Walt Disney Company UNCF Corporate Scholars will be selected based on a competitive application process administered by UNCF. To be considered, applicants must be enrolled full-time at a four-year college or university, demonstrate financial need, have a minimum cumulative 2.5 GPA on a 4.0 scale, and have an interest in pursuing a career in the entertainment industry.
The application process opens March 16 and closes May 15. Preference will be given to students attending a Historically Black College or University (HBCU) to ensure 50% of each group are derived from these schools.
“UNCF works to ensure our future leaders have the opportunity to obtain the college degrees they need, and our nation needs them to have,” UNCF president and CEO Michael L. Lomax said. “The Walt Disney Company UNCF Corporate Scholars Program expands their academic training into practical experiences, to create a diverse pipeline of college educated professionals poised to assume fulfilling careers in the entertainment industry. The investment we are making in better futures for them now will pay dividends in years to come when they become our next generation of leaders.”