Executive Leadership Council to Honor 117 Black Fellows with $ 1.3 Million in Scholarships at ELC 2021 Annual Recognition Gala and 35th Anniversary
This year’s winners are mainly HBCU students, women, and students seeking business and STEM degrees.
WASHINGTON, October 14, 2021 / PRNewswire / – The Executive Board of Directors (ELC), the leading global membership organization for current and former black CEOs, senior executives and board members of Fortune 1000 and equivalent companies, leading entrepreneurs and global thought leaders, announced today hui that she will honor 117 students with $ 1.3M in scholarships during his virtual ELC 2021 Annual Recognition Gala and 35e Birthday party. The event will take place virtually on Thursday, October 14, 2021 To 7:30 p.m. EDT and will be hosted by Entertainment Tonight’s Kevin Frazier and Nischelle Turner.
The Executive Leadership Council rewards 117 black undergraduates with $ 1.3M in scholarships at the 35th anniversary gala
“ELC members are proud to honor these young academics for their commitment to the pursuit of higher education and their future careers. We know this philanthropic initiative is helping students persevere in graduation and gain experience in the workplace, ”said President and CEO of ELC Michel hyter.
The ELC scholarship program is part of the organization’s broader strategic framework, which includes an increased focus on community and greater investments in new philanthropic programmatic pillars that will ensure that young women and men have better opportunities to succeed as as business leaders.
This year, approximately 60% of 2021 scholarship recipients attend historically black colleges and universities (HBCUs), including, Howard University, Hampton University, North Carolina A&T State University, Alabama A&M University, Morehouse College, Spelman College, and Tuskegee University, and 60% identify as female. The majority of recipients also plan to pursue careers in STEM and business.
In addition to the scholarship, ELC scholars are part of a network and attend a scholarship symposium for several weeks where they participate in virtual development workshops. Fellows also benefit from internship opportunities in companies that support the ELC scholarship program.
“This scholarship is valuable to me for many reasons. It removes the barrier of financial insecurity that can threaten my ability to graduate. Professionally, I now have a network that will connect me with executives from C-Suite level. This type of mentoring and networking is invaluable to any youngster, ”said one fellow.
The scholarships are awarded through the ELC scholarship program and supported by financial commitments from the company. The 2021 corporate sponsors are Bristol Myers Squibb, Brunswick Corporation, Chevron, The Coca-Cola Foundation, ExxonMobil, Hewlett Packard Enterprise, HSBC, Johnson & Johnson, Linde, Lowe’s, Moody’s Corporation, Nationwide, Phillips66, Raytheon Technologies and USAA.
“The ELC is grateful for the commitment of our partners to the next generation of black professionals through the funding of these scholarships,” said Chairman of the Board of Directors of ELC Lloyd W. Brown, II, Managing Director and Head of the CRA Regulatory Group at Citigroup. “Our partners recognize the short and long term impact of our scholarship program. Their contributions help facilitate the ELC’s ongoing efforts to expand the pipeline of future black executive leaders. We really appreciate their support. “
ELC 35e Birthday gala
The Annual Recognition Gala is ELC’s premier fundraising event, supporting its scholarships, outreach and philanthropic initiatives and recognizing its mission, purpose and impact in action. This year’s gala celebrates business achievement and honors corporate and individual award recipients, in addition to this year’s fellows. Johnson & johnson will serve as the presenting sponsor of the 2021 Gala.
At this year’s event, Ursula burns, the first black woman CEO of a Fortune 500 company, who served at Xerox Corporation from 2007 to 2016, will pass the torch by presenting the Excellence Award 2021 at Rosalind Brewer, CEO, Walgreens Boots Alliance and Thasunda Brown Duckett, President and CEO, TIAA, who became the second and third permanent black female CEOs in Fortune 500 history earlier this year. The Excellence Award is presented to black business leaders whose professional achievements underscore personal and professional excellence.
In addition, the Executive Leadership Council will present the Game Changer Award 2021 to a surprise winner for his commitment and courage in changing the discourse on social justice issues in America. The Game Changer Award was created to recognize individuals whose achievements transcend the traditional roles of blacks, women and other minorities and who represent a dynamic new vision of how minority leaders globally can impact their communities through political, economic, educational and philanthropic empowerment. and stewardship.
Bank of America President and CEO Brian Moynihan will accept it Company Award 2021 on behalf of his organization. This award is presented to a company that has made a significant contribution to the advancement of black business leaders in areas such as pipeline development, board diversity, supplier diversity, and directed philanthropic efforts. towards the black community.
ABOUT ELC: The Executive Leadership Council opens avenues of opportunity for the development of black executives to have a positive impact on businesses and our communities. An independent 501 (c) (3) nonprofit founded in 1986, the ELC is the leading membership organization committed to increasing the number of global black executives in C-suites, boards of directors and businesses. global. Comprising more than 800 current and former Black CEOs, senior executives and directors of Fortune 1000 and Global 500 companies, and entrepreneurs at leading companies, its members strive to create an inclusive corporate leadership pipeline that empowers Black leaders global organizations to make impactful contributions to the marketplace and the global communities they serve. For more information, please visit www.elcinfo.com. Engage during the event on social media: #ELCGALA on Instagram, Facebook and Twitter.
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SOURCE The Executive Leadership Council