Shaw University Receives $50,000 Grant From Duke Energy
Grant will be used to establish the Duke Energy Foundation Scholarship
August 1, 2013 – Shaw University, the first historically black University in the South, received a $50,000 grant from Duke Energy the University announced. The funds will be used to create the Duke Energy Foundation Scholarship which will target upper-class students who are first-generation and majoring in the Science, Technology, Engineering and Mathematics (STEM)-related disciplines. Scholarships will be awarded based on need, academics, community service and exemplary leadership ability with a special focus on selecting students from Eastern North Carolina.
"We're committed to Eastern North Carolina," said Paul Newton, Duke Energy's state president – North Carolina. "Education is the greatest way to invest in the future of our communities, and Duke Energy is glad to provide these scholarship opportunities."
Financial aid support for students continues to be a top priority for the University. During the 2012-2013 academic year, more than 870 Shaw students received a scholarship from either private and/or University resources. Additionally, 35 percent of all fall 2012-2013 undergraduates and 36 percent of Shaw's entering freshman class indicated they were first- generation college students.
"We thank Duke Energy for this tremendous investment in Shaw students," said Shaw President Dr. Dorothy Cowser Yancy. "Ninety-seven percent of our students received some form of financial aid during the last academic year. These funds will enable us to continue our mission of facilitating student learning and achievement through a quality education that is both accessible and affordable."