FanDuel and the Washington Football Team are giving back to HBCU students big time!
On the heels of their mobile sports betting market partnership, FanDuel Group and the Washington Football Team have announced a $1 million contribution to the United Negro College Fund (UNCF), reports PR Newswire.
The FanDuel/Washington Football Team Emergency Student Aid Fund is dedicated to supporting students who are currently enrolled in Virginia’s five Historically Black Colleges and Universities (HBCU). The fund will provide aid grants to students seeking emergency assistance for housing, food security, tuition, technology, and other education-related expenses.
As an extension of its legal sports betting partnership in the state, both FanDuel and the Washington Football Team will provide the contribution to continue celebrating Black History Month as it comes to an end.
“Supporting these institutions and these hard-working students, amidst enormous challenges related to COVID, is the right thing to do,” said Matt King, CEO of FanDuel Group in a news release. “As we celebrate Black History Month and recognize the critical role HBCUs play in developing the next generation of leaders in business, academia, and civic participation, our hope is that this investment in students keeps them on the path to realize their academic and personal goals while enrolled at these universities.”
Both companies have fostered talent strategies that include driving business growth, contributing to an inclusive workplace that provides equitable access to opportunities for all, and embracing diversity. The contribution is a part of the broader commitment that both FanDuel and the Washington Football Team share organizationally.
“HBCUs have produced some of the most accomplished and successful individuals across countless professions making an incredible impact on our organization along with numerous others in the DMV. This important investment is a way to continue to foster the talent at these great institutions and give the scholars of today a chance to achieve their goals and career aspirations,” said Dan and Tanya Snyder, Owners of the Washington Football Team in a news release.
The Emergency Student Aid Fund will begin supporting Virginia HBCU students as soon as possible and will be dispersed to students from the institution they’re attending.
