Credit Suisse: Endowment with UNCF Funding Scholarships for Students in NC-based HBCUs

Media Contact

Monique LeNoir UNCF Communications 202.810.0231

Credit Suisse is pleased to announce an initial commitment of $1.2 million to establish the Credit Suisse Scholars Program, an ongoing endowment with UNCF to fund scholarships for students attending historically Black colleges and universities (HBCUs) based in North Carolina.

This pledge reflects Credit Suisse’s ongoing commitment to diversity, equity and inclusion. It also builds on the bank’s long-standing relationship with North Carolina and the people and families of the Raleigh community, where Credit Suisse established a presence over 15 years ago.

credit suisse logoEric Varvel, CEO of Credit Suisse Holdings USA (Inc.), said, “Part of our commitment to diversity and inclusion is to ensure we hold ourselves accountable for creating equitable access to opportunity. One way to do this is by expanding the pipeline of underrepresented talent. The scholarships we will provide for HBCU students will help them complete their degrees and better position them for competitive opportunities.”

“This is an incredibly generous gift from Credit Suisse to North Carolina residents,” said Dr. Michael L. Lomax, UNCF’s president and CEO. “We know that African American communities are disproportionately impacted by the lack of resources needed to go to college. Recognizing that need, Credit Suisse is providing a pathway for successful applicants to continue on their journey to attain a college degree.”