Exelon Partners With UNCF to Give $3 Million in Scholarships for Students to Attend Historically Black Colleges and Universities

HBCU Corporate Scholars Program will allow 24 students in Exelon service areas to attend historically Black colleges and universities

CHICAGO--(BUSINESS WIRE)--Exelon has partnered with UNCF (United Negro College Fund) to launch the Exelon HBCU Corporate Scholars Program, which will provide African American students with four years of scholarship assistance, opportunities for summer internships and early career readiness support to help prepare them for rewarding careers at Exelon and within the energy industry. The scholarships, valued at nearly $3 million, will provide 24 students with $100,000 each – or $25,000 per year for four years — and will be administered by UNCF. Students who reside in Delaware, Illinois, Maryland, New Jersey, Pennsylvania and Washington, D.C., are eligible to apply for the Exelon HBCU Corporate Scholars Program.

“It is imperative that we engage, educate and inspire the next generation of leaders and equip them with the tools and resources they need to prepare for their professional careers,” said Chris Crane, Exelon president and CEO. “At Exelon, we know that a diverse, equitable and inclusive culture leads to greater innovation and better outcomes for our customers and communities. It is our hope that these HBCU Scholars benefit from the academic, professional and financial support and ultimately come to work for Exelon after they graduate.”

The new partnership complements Exelon’s ongoing support for schools and educational institutions within its local markets, including the following HBCUs:

• BGE - Morgan State, Coppin State and Bowie State
• Constellation – Texas Southern University, Prairie View A&M University, Huston-Tillotson University
• Delmarva Power - Delaware State and University of Maryland Eastern Shore
• PECO - Cheyney and Lincoln Universities
• Pepco -- Howard University and University of the District of Columbia

Though there are no HBCUs in Illinois, partnerships exist with Chicago State University, City Colleges of Chicago, DePaul University, Illinois Tech and University of Illinois at Chicago.

Eligible students can click here to apply for the Exelon HBCU Corporate Scholar Program.

For more information about Exelon’s commitment to the communities it serves and educating tomorrow’s workforce, click here.

About Exelon
Exelon Corporation (Nasdaq: EXC) is a Fortune 100 energy company with the largest number of electricity and natural gas customers in the U.S. Exelon does business in 48 states, the District of Columbia and Canada and had 2020 revenue of $33 billion. Exelon serves approximately 10 million customers in Delaware, the District of Columbia, Illinois, Maryland, New Jersey and Pennsylvania through its Atlantic City Electric, BGE, ComEd, Delmarva Power, PECO, and Pepco subsidiaries. Exelon is one of the largest competitive U.S. power generators, with more than 31,000 megawatts of nuclear, gas, wind, solar and hydroelectric generating capacity comprising one of the nation’s cleanest and lowest-cost power generation fleets. The company’s Constellation business unit provides energy products and services to approximately 2 million residential, public sector and business customers, including three fourths of the Fortune 100. Follow Exelon on Twitter @Exelon.

About UNCF
UNCF (United Negro College Fund) is the nation’s largest and most effective minority education organization. To serve youth, the community and the nation, UNCF supports students’ education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. UNCF institutions and other historically Black colleges and universities are highly effective, awarding nearly 20% of African American baccalaureate degrees. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 60,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste.” ^® Learn more at UNCF.org for continuous updates and news, follow UNCF on Twitter at @UNCF.