Community News
Coca-Cola Gives CSULB $500,000 for Scholarships
From Issue: Volume XX - Number 13
6/29/2012
The Coca-Cola Foundation has awarded California State University, Long Beach (CSULB) a $500,000 grant for a new Coca-Cola First Generation Scholarships program. Twenty-five students will receive the four-year scholarships beginning with cohorts in each of the next four years.
Candidates must be first generation college students with no parent or sibling ever attending college; have attained at least a 3.0 grade point average; maintain at least a 3.0 grade point average at CSULB; demonstrate financial need and be a citizen of the United States and a California resident.
“It has always been a central part of our mission to serve underrepresented and first-generation students,” said F. King Alexander, president of Cal State Long Beach. “We appreciate the Coca-Cola Foundation’s generosity and vision in providing bright, young minds with important financial assistance to help them receive the quality education they deserve. An investment in higher education is an investment in the economic growth and well-being of our state and our country.”
The first cohort of recipients will begin studies at CSULB this fall.
The Coca-Cola Foundation — the global philanthropic arm of The Coca-Cola Company — awarded $26 million in grants to 85 community organizations during the first quarter of the year. The grants support the foundation’s global priority areas, including: $9.7 million for water stewardship; $3.6 million for fitness and nutrition; $7.4 million for education (including $5 million for first generation college scholarships); and $4.9 million for community recycling and other local priorities, such as HIV/AIDS, malaria, youth development and civic initiatives. The foundation awarded more than $70 million to 263 community organizations around the world in 2011.
“We measure the success of our commitments by the impact these grants will have in people’s lives, in their neighborhoods and in their communities all over the world,” said Ingrid Saunders Jones, chairperson of The Coca-Cola Foundation. “Seeing the tangible results of partnership and innovation inspires our continued investment to help build sustainable communities around the world.”
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