In SummaryThe scholarships are funded by the Ralph Lauren Corporate Foundation as it aligns with the company’s commitment to equity in the fashion industry.
The Ralph Lauren Corporate Foundation announced a $2 million commitment to scholarships for Black, African and African American students, according to UNCF. It includes students who attend Spelman College, Morehouse College and 10 more historically Black colleges and universities through UNCF.
These scholarships are funded by the Ralph Lauren Corporate Foundation as it aligns with the company’s commitments to combat systemic racism and racial injustice by generating more pathways for equity within the fashion industry, starting with education, according to UNCF.
“Students represent the best of the human spirit – passion, curiosity and boundless dreams,” Ralph Lauren, executive chairman and chief creative officer of Ralph Lauren Corporation, said in a statement. “When all students have an equal chance to succeed, their dreams become realities and inspire us all.”
Ralph Lauren Corporate Foundation scholarship grants will be beneficial to students who are eligible at 10 HBCUs over a five-year period. In working with UNCF, these institutions will be picked using criteria such as funding needs, enrollment rates and whether they have disciplines to enable careers in the retail industry, according to UNCF.
“We are delighted that the Ralph Lauren Corporate Foundation is expanding its partnership with UNCF and increasing its investment this year to provide more scholarships for African American students,” said Dr. Michael L. Lomax, president and CEO of UNCF, on the Ralph Lauren Corporate website. “African American communities remain disproportionately impacted by the lack of resources needed to go to and through college. Recognizing that need, the Ralph Lauren Corporate Foundation is fueling our ability to move the needle further for deserving, talented students who want to earn degrees, but just lack the resources to do so.”