FanDuel Donates $1M to HBCUs in Ohio
FanDuel's Continued Support to HBCUs
In a generous act of philanthropy, FanDuel has made a significant contribution to the education sector by donating $1 million to the United Negro College Fund (UNCF). This substantial donation is earmarked for supporting students at ten Historically Black Colleges and Universities (HBCUs) located in Ohio.Third Annual Contribution to Education
This latest donation marks FanDuel's third consecutive annual contribution to the UNCF, underlining their ongoing commitment to higher education and the support of minority institutions. In previous years, FanDuel's donations have aided educational institutions in Virginia and Maryland, assisting in various student needs.Allocation of Funds
The funds from this year's donation are set to make a tangible difference in several critical areas of student life. They will be used to enhance technology resources, secure housing, ensure food security, and provide tuition assistance. By addressing these key aspects, FanDuel's contribution will not only ease financial burdens but also enhance the overall educational experience for many students.Internship Opportunities and Recruitment
Beyond financial support, FanDuel is also committed to fostering professional growth among students. The company has announced plans to recruit interns from these HBCUs, creating pathways for students to gain valuable real-world experience and potentially open doors to future career opportunities within the organization.A Milestone Celebration
The timing of this donation coincides with a milestone for FanDuel—the celebration of one year since the launch of mobile sports betting in Ohio. This gesture reinforces the company's dedication to giving back to communities where it operates and highlights its efforts to contribute positively to local educational initiatives.Beneficiary Institutions
The ten colleges selected to receive a share of the donation encompass a diverse range of institutions across Ohio, including:
- Case Western University
- Central State University
- Chamberlain University
- Franklin University
- Herzing University-Akron
- Ohio State University-Newark Campus
- Union Institute & University
- Ursuline College
- Wilberforce University
- University of Cincinnati-Blue Ash College
Each of these colleges will receive a portion of the funds, which will directly benefit their students, ensuring a more equitable distribution of resources.Leadership Reactions
Maurice E. Jenkins, Executive Vice President and Chief Financial Officer of UNCF, expressed enthusiasm for the ongoing partnership, emphasizing the immense value that internship opportunities offer to students. These internships can serve as crucial stepping stones in a student's career journey, providing practical skills and industry insights.
Echoing this sentiment, Christian Genetski, president of FanDuel, reflected on the company's first year of operations in Ohio. He conveyed pride in FanDuel's sustained partnership with UNCF and their collective effort to support hard-working students across Ohio's HBCUs.Conclusion
FanDuel's philanthropic initiative stands as an exemplary model of how corporations can play a pivotal role in uplifting educational opportunities for minority communities. By partnering with organizations like UNCF and investing in HBCUs, FanDuel is contributing to the creation of a more inclusive and supportive educational landscape. As this partnership continues to flourish, it promises to bring forth a brighter future for many students in Ohio and beyond.