FOR IMMEDIATE RELEASE
Lorenzo Lopez, Wal-Mart Stores, Inc.
Hispanic Association of Colleges and Universities and Wal-Mart partnership increases number of scholarships to be awarded to college students
San Antonio, Texas (Oct. 22, 2007)- The Hispanic Association of Colleges and Universities (HACU), the only national educational association that represents Hispanic-Serving Institutions (HSIs), today announced that Wal-Mart Stores, Inc., was increasing its support for scholarships to college students at HACU-member institutions. The announcement was made during a Partnership Luncheon at HACU's 21st Annual Conference, "Championing Hispanic Higher Education Success: A National Imperative for the 21st Century," held in Chicago.
Michael Moore, vice president of segment merchandising - business reseller, Sam's Club, presented a check for $300,000 to Antonio Flores, Ph.D., president and CEO of HACU, for the HACU-Wal-Mart Achievers Scholarship Program. The partnership represents a commitment to fund more HACU-Wal-Mart Achievers Scholarships over the next three years. "Wal-Mart's contribution to our scholarship program represents an increased commitment to support student success at HACU-member institutions," said Flores. "We are grateful for their continued commitment to the success of our students."
The HACU-Wal-Mart Achievers Scholarship Program will award $1000 scholarships annually to qualified juniors or seniors at HACU-member institutions in selected majors beginning Fall 2008. "As part of our ongoing commitment to education and the Hispanic community, we are proud to support the HACU-Wal-Mart Achievers Scholarship, which allows talented and deserving young men and women to achieve their dream of higher education in business-related fields," said Esther Silver-Parker, senior vice president of Diversity Relations, Wal-Mart Stores, Inc., "We are excited that even more students will benefit from our grant this year."
About HACU - The Hispanic Association of Colleges and Universities (HACU) was established in 1986 with a founding membership of eighteen institutions. Today, HACU represents more than 450 colleges and universities committed to Hispanic higher education success in the U.S., Puerto Rico, LatinAmerica, Spain and Portugal. Although their member institutions in the U. S. represent less than 7% of all higher education institutions nationwide, together they are home to more than two-thirds of all Hispanic college students. HACU is the only national educational association that represents Hispanic-Serving Institutions (HSIs). HACU is a non-profit organization committed to assuring higher education access and success for Hispanic students. For more information, visit www.hacu.net.
About Wal-Mart Stores, Inc. (NYSE: WMT) - Every week, millions of customers visit Wal-Mart Stores, Supercenters, Neighborhood Markets, and Sam's Club locations across America or log on to its online store at www.walmart.com. The company and its Foundation are committed to a philosophy of giving back locally. Wal-Mart (NYSE: WMT) is proud to support the causes that are important to customers and associates right in their own neighborhoods, and last year gave more than $270 million to local communities in the United States. To learn more, visit www.walmartfacts.com.