FanDuel Group and the Washington Football Team reported a $1 million donation to the United Negro College Fund (UNCF) on the heels of the launch of their mobile sports betting market access partnership in Virginia in January.
The Emergency Student Aid Fund of the FanDuel/Washington Football Team will assist current students studying at five Historically Black Colleges (HBCU) and Universities in Virginia. The fund will offer support grants to students requiring emergency aid in the areas of technology, lodging, food protection, tuition, and other expenses related to education.
FanDuel and Washington Football Team give this commitment as an extension of their legal sports betting relationship in the state to celebrate Black History Month and assist students at Virginia’s five HBCUs.
Access to this vital assistance
UNCF will collaborate with the institutions of the HBCU to ensure that students who show a need have access to this vital assistance. At this time, supporting HBCUs and their students stands to strengthen the power of these state institutions, enhancing their already profound economic influence on the Commonwealth.
FanDuel Group CEO, Matt King, commented: “Supporting these institutions and these hard-working students, amidst enormous challenges related to COVID, is the right thing to do.
“As we celebrate Black History Month and recognise 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.”
Most accomplished and successful individuals
Dan and Tanya Snyder, the Washington Football Team’s owners, stated: “HBCUs have produced some of the most accomplished and successful individuals across countless professions making an incredible impact on our organisation 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.”
President Jason Wright of the Washington Football Team added: “For decades, UNCF and the HBCUs they support have been driving Black socio-economic elevation in unparalleled fashion and I’m proud that our team and FanDuel are able to support them at an important moment in history.
“Dr Lomax and the Virginia HBCU presidents are the type of leaders we can all trust to achieve remarkable feats with the resources they are given.”
Largest private scholarship provider in the world
Dr. Michael Lomax, President and CEO of UNCF, the largest private scholarship provider in the world, and other educational support for African American students, added: “The United Negro College Fund is pleased to see FanDuel and the Washington Football Team support Virginia’s HBCU students throughout the state, and this investment cannot come at a more critical time as students confront harsh realities resulting from a disrupted and disjointed academic year.”
As informed by FanDuel, the fund is expected to begin helping Virginia HBCU students as soon as possible. Aid will be provided from the attending institution to students. By early March, interested students seeking emergency assistance should contact the Financial Aid Office of their schools.