$10M Commitment Will Enable Undocumented Immigrants with DACA Status
Opportunity to Pursue Educational Goals
ARLINGTON, Va. -- (Business Wire)
National scholarship fund TheDream.US announced
today that The
Pershing Square Foundation (PSF) has made a $10 million commitment
over three years to provide DREAMers the opportunity to pursue their
educational goals.
Founded last year by Graham Holdings Company CEO Donald E. Graham, his
wife, journalist Amanda Bennett, Democratic activist and philanthropist
Henry R. Muñoz III, and former U.S. Secretary of Commerce Carlos
Gutierrez, TheDream.US is the first multimillion-dollar National
Scholarship Fund created to help immigrant youth, with Deferred Action
for Childhood Arrivals (DACA) status, achieve their American Dream.
Scholarships from TheDream.US fund the completion of a college
education. Over the next decade, the fund is expected to provide college
scholarships enabling over 2,000 highly motivated, low-income DREAMers
to graduate with college degrees.
“Working with Latino and other immigrant groups around the country
opened my eyes to the plight of these young people,” said William A.
Ackman, founder and CEO of Pershing Square Capital Management and
co-founder of The Pershing Square Foundation. “I was fortunate to grow
up in an environment where I didn’t have to worry about whether or not
college would be possible for me. These scholarships will empower young
immigrants to pursue their own dreams and goals, and I am delighted to
partner with TheDream.US to expand the opportunity for more students.”
Scholarships provided by TheDream.US will help cover the cost of a
student’s tuition and fees. The amount of the awards will vary depending
upon the student’s demonstrated financial need and tuition costs of the
college. DREAMer Scholars must maintain a cumulative 3.0 GPA, remain
continuously enrolled and remain DACA eligible.
Don Graham, stated, “Every year I encounter DREAMers who are eager to go
to college, serve their community and our country. But unlike other
students in their high school classes, they do not have access to any of
the grants and loans that make college possible for low-income students. TheDream.US
is helping these DREAMers continue their education by offering them
scholarships to affordable colleges (typically the full cost of tuition
at our 50 partner colleges is $25,000). Pershing Square’s gift will
allow 400 more students to fulfill the dreams they share with every
other child in our country. We believe it is the right thing to do to
allow DREAMers to get a college degree – but, more important, it makes
our country stronger and our values firmer.”
About TheDream.US
TheDream.US is led by Candy Marshall, who was a director at the Bill &
Melinda Gates Foundation, where she helped build the foundation’s global
programs, and Gaby Pacheco, a DREAMer – and a DREAMer advocate– who was
part of the 2010 walk, the Trail of Dreams, from Miami to Washington DC,
an event that helped launch the DREAMer movement nationwide.
About The Pershing Square Foundation
The Pershing Square Foundation is a private family foundation, based in
New York, founded in December 2006 by Karen and Bill Ackman. The
Foundation has committed $270 million in grants and social investments
to support exceptional leaders and innovative organizations that tackle
important social issues and deliver scalable and sustainable impact.
Bill is the CEO and portfolio manager of Pershing Square Capital
Management, L.P. For more information visit: www.pershingsquarefoundation.org.
Contacts:
TheDream.US
Gaby Pacheco, 202-445-7376
Gaby.Pacheco@ghco.com
or
Pershing
Square Foundation
Jenny Tartikoff, 212-843-8496
Jtartikoff@rubenstein.com
Source: TheDream.US
© 2024 Canjex Publishing Ltd. All rights reserved.