press release

Texaco Press Release - Texaco Foundation Builds on 50 Years of Support to United Negro College Fund

$400,000 Grant Will Fund Science and Math Scholarships

FOR RELEASE: TUESDAY, APRIL 20, 1999.

WHITE PLAINS, N.Y., April 20 - The Texaco Foundation today announced a $400,000 grant to be paid over four years to the United Negro College Fund (UNCF). Building on a half-century of support to the UNCF, this grant will fund scholarships for students studying in the earth sciences, computer science or information technology, fields in which minorities historically have been underrepresented.

William H. Gray, President of the UNCF, said, "Texaco became one of the first corporate supporters of the UNCF with a $1,500 contribution back in 1949. The company has demonstrated a true commitment to the ideals of this institution through 50 years of unwavering support. This long-term partnership has made a difference in the education opportunities available to many African American students."

In announcing this grant, Anne T. Dowling, President of the Texaco Foundation, said, "Increasing access to higher education has been a priority at Texaco for decades. All students should be encouraged to pursue their education goals and fully develop their potential. We are proud to support the UNCF and look forward to continuing this prosperous relationship."

Over the years, Texaco's contributions to the UNCF have totaled more than $2.3 million. In addition to support for scholarships, Texaco has provided paid internship opportunities to UNCF students.

The UNCF was incorporated on April 25, 1944 with 27 member colleges and a combined enrollment of 14,000 students. Today, it has grown to a consortium of 39 private, accredited four-year historically black colleges and universities. To date, more than 300,000 men and women have received support from the UNCF.

Updated: April 1999