Penn National Gaming has initiated a diversity scholarship scheme for the children of its employees, with scholarships ranging from $2,500 to $10,000 per year.
PNG is working with The Public Education Foundation to administer the initiative and has contributed $1 million a year to its funding as part of the roll-out.
Penn Diversity Committee
Jay Snowden, President and CEO of Penn National explained: “Last year, amidst one of the most challenging times in our nation’s history and as the world grappled with an outpouring of racial and social anguish, we formed a new Penn Diversity Committee to help put our company’s longstanding support of diversity and inclusion into action.
“The Diversity Committee, which reports directly to me, is comprised of a broad range of team members, including those from underrepresented communities from around the country and at varying levels in our organisation.
“It will ensure our company has mechanisms in place to listen to team members about important ongoing social justice issues, and to help implement new initiatives such as this Diversity Scholarship Program.
“Other examples include specific actions to increase our recruitment and support at Historically Black Colleges and Universities and universities with diverse populations, as well as increasing our support to organisations in our communities that promote equality, justice and diversity.”
Dependent children of any staff members with a minimum of one year of tenure at the organisation who are director-level or below are entitled to apply.
PEF will conduct a competitive application process, with scholarship awards determined by the Scholarship Selection Committee, which it states is made up of people who are fully independent of Penn National.
Financial need is given 50 percent of the weight in selecting awardees, with academic and extracurricular accomplishments accounting for the rest of the requirements. Scholarship submissions will be approved until April 24, 2021, with awards due the next month.
Judi Steele, founder and CEO of The Public Education Foundation said: “In this time of economic uncertainty, more families are struggling with the costs of students attending college.
“We appreciate that Penn National Gaming has stepped up to invest in post-secondary education so that more students in need can realise their dreams.”