PepsiCo committed $1 million to the United Negro College Fund (UNCF) at the organization's 64th Anniversary Dinner in New York last week. The money provides financial support to UNCF's 39 member institutions and scholarships to students at over 900 colleges and universities across the United States.
Indra Nooyi, CEO and chairman of PepsiCo, said, "PepsiCo is a proud supporter of UNCF and has been for sixty years. We are committed to expanding opportunities to help minority students secure higher education...That's why we're excited to present this gift of $1 million to UNCF to ensure that deserving young people continue to get a chance to go to college and earn degrees -- and have the opportunity to make their mark in the world."
Minority education continues to be a funding priority for PepsiCo's Foundation, in fact, just last year it provided grants for education programs in excess of $8 million to fund education programs that promote academic excellence for all students. Read more here.