Ally Financial pledges $250,000 in scholarships to the Congressional Black College Foundation

Allied Financial on February 23, committed more than $250,000 to support legal scholarship and public policy scholarship through its partnership with the Congressional Black Caucus Foundation (CBCF).

Ally’s decision to partner with CBCF, a nonprofit organization that focuses on advancing the global black community through education, was a “no-brainer,” the director of the organization said. diversity, Reggie Willis. Auto Finance Newsnoting that Ally works with the Thurgood Marshall College fonds to offer scholarships to promote entrepreneurship in Historically Black Colleges and Universities.

“One of the things we found [through our other scholarship programs] was that we didn’t have a path in the legal field, but we know there is a need for access and a need to steer young black students into the field of law. That’s what really drew us to this program.

The CBCF program is now in its second year and this year Ally will sponsor six scholarships, including four law scholarships and two public policy scholarships. Law school scholarships total up to $20,000 per year and are renewable for up to three years, while public policy scholarships are up to $10,000 and are non-renewable.

“The scholarships take a lot of [financial] burden on our students,” said Natasha Campbell, Associate General Counsel and Principal at Ally. APN.

In addition to financial support, Ally also provides mentorship opportunities for scholars, Campbell said. The mentorship program allows Ally “to connect students with people who have a shared experience with them… giving them not only access to the opportunity, but also people who can offer their life experiences from a point of view. view that you can relate to, and that’s critically important,” she says.

Mentoring gives students a taste of the legal profession early in their school career and allows them to “choose a profession they love,” Campbell added.

The partnership between Ally and CBCF supports Ally’s long-term investment in its diversity, equity and inclusion operations, including its efforts to partner with organizations that will maintain their goals, Willis said.

The CBCF leads the application, decision and recommendation process for the program, Campbell noted. This year’s applicants have until April 30, 2022 to apply for the scholarships.

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