2011-04-04
DETROIT – The first five recipients of the Buick Achievers Scholarship Program were named today. These college-bound students from around the country will each receive a scholarship of up to $25,000 that is renewable for up to four years.
The $4.5 million-a-year scholarship program, which Buick and the General Motors Foundation announced in February, will recognize and reward 1,100 students from across the United States who excel both in the classroom and in the community. The program is funded by the GM Foundation.
“Through the Buick Achievers Scholarship program we are reinvesting in America,” said John T. Montford, chairman, GM Foundation. “The availability of Buick Achievers Scholarship funds is expected to make a significant difference in these students’ lives. The high-dollar value and renewability of the awards will provide recipients with a tremendous benefit throughout their college careers and help ensure that they reach their potential.”
According to The College Board®, the average annual tuition increase in 2010-2011 was 7.9 percent at public universities and 4.5 percent at private colleges. These figures are substantially higher than both the general inflation rate and personal income growth.
“This scholarship program aligns with Buick’s efforts to inspire, celebrate, and enable human achievement,” said Tony DiSalle, U.S. vice president, Buick Marketing.
The first five recipients of the 2011 Buick Achievers Scholarship Program include:
In addition to providing 100 students with up to $25,000 per year, Buick Achievers will provide 1,000 students with $2,000 scholarships renewable for up to four years. Eligible fields of study include science, technology, engineering, mathematics, design, marketing and business administration. All told, the foundation’s annual funding could reach $18 million annually after four years.
The Buick Achievers Scholarship Program is the latest example of GM Foundation education initiatives to invest in the youth of America. The GM Foundation has provided more than $26 million in education-related initiatives since 2005.
Eligibility for the 2011-12 Buick Achievers Scholarship requires applicants to be high school seniors or high school graduates entering college for the first time in the fall of 2011; planning to enroll in full-time undergraduate study at an accredited four-year college or university for the entire 2011-12 academic year; and demonstrating an interest in the automotive industry. Applicants must be U.S. citizens and have permanent residence in the United States. Applications are closed for the 2011-12 academic year. For more information about the program, visit www.buickachievers.com.
About the GM Foundation
Since its inception in 1976, the GM Foundation has donated hundreds of millions of dollars to deserving American charities, educational organizations and to disaster relief efforts worldwide. The GM Foundation focuses on supporting Education, Health and Human Services, Environment and Energy and Community Development initiatives, mainly in the communities where GM operates. Funding of the GM Foundation comes solely from GM. The last contribution to the GM Foundation was made in 2001. For more information, visit www.gm.com/corporate/responsibility/community.
About Buick
Buick is a modern luxury brand offering vehicles with sculpted designs, luxurious interiors with thoughtful personal technologies, along with responsive-yet-efficient performance. Buick is attracting new customers with its portfolio of award-winning models, including the Enclave crossover, LaCrosse sedan, Regal sport sedan and highly anticipated all-new 2012 Buick Verano compact luxury sedan. Buick is the fastest growing major brand in the U.S. and remains a best-selling brand in China, with continuing record growth. Learn more about Buick cars and crossovers at www.buick.com, on Twitter @buick or at www.facebook.com/buick.
Buick announces the first five recipients of the Buick Achievers Scholarship Program who will receive a scholarship of up to $25,000 for their college educations Monday, April 4, 2011. The $4.5 million-a-year scholarship program, which Buick and the General Motors Foundation announced in February, will recognize and reward 1,100 students from across the United States who excel both in the classroom and in the community. The program is funded by the GM Foundation. The recipients stand with NBA Hall of Famer Clyde Drexler at the NCAA Final Four Tournament Sunday, April 3, 2011 in Houston, Texas. The recipients are (l to r) Daniel Graupensperger of Auburn, California; Won Ryan Lee of Nontvale, New Jersey; Clyde Drexler, Jennifer Gammond of Aventura, Florida; Donovan Colquitt of Southfield, Michigan and Stavros Stratis of Metairie, Louisiana. (Photo by Eddy Matchette for Buick)