McDonald's Launches $500,000 HBCU Student Scholarship Fund

(July 16, 2020) — McDonald’s USA has announced the launch of its $500,000 Black & Positively Golden® Scholarship Fund to help students attending Historically Black Colleges and Universities (HBCUs) continue their education this fall, despite impacts of COVID-19. Facilitated by the Thurgood Marshall College Fund (TMCF), scholarships will be distributed for the 2020-2021 academic year. The announcement came in conjunction with the launch of the 2020 ESSENCE Festival of Culture: Unstoppable Virtual Experience, in which McDonald’s officially kicks off its partnership with the ESSENCE Girls United HBCU initiative.

According to TMCF, supporting HBCUs is increasingly paramount. These institutions face challenges of supporting a large percentage of low-income students (up to 90% at some schools), while managing unexpected costs related to shifting to an online education infrastructure.

“This year, donations to HBCUs are even more critical, as students continue dealing with the impacts of COVID-19 and, now, civil unrest and demands for Black equality,” said Harry L. Williams, Thurgood Marshall College Fund President & CEO. “Black students, with allies from across the globe, are calling for companies to do more than issue statements and run ads. That’s why TMCF is excited to further our commitment with McDonald’s to help keep more Black students in college.”

Commemorating a 20-year partnership with the ESSENCE Festival of Culture: Unstoppable Virtual Experience, McDonald’s is also embarking on a collaboration with the ESSENCE Girls United HBCU initiative, powered by Black & Positively Golden. The multi-week program kicks off this fall with inspiring virtual events for student entrepreneurs. Through this program, McDonald’s will also award seed capital and exclusive mentoring opportunities to select participants.

These initiatives are natural extensions of the company’s longstanding commitment to advancing education, as previously demonstrated through its partnership with TMCF and its Archways to Opportunity program, which has increased education access to over 55,000 and awarded more than $100M in tuition assistance for restaurant employees. The company recently donated $250,000 to Reach Higher’s Emergency Grants Relief Fund that will assist first-generation, low-income students and students of color who are on the path to obtaining a degree. Additional education programs include the HACER® National Scholarship for Hispanic students and the McDonald’s/APIA Scholarship program for Asian/Pacific Islander students. Since 2008, the HACER National Scholarship has awarded nearly $5M in financial assistance to 75 students across the country. In its inaugural year, the McDonald’s/APIA Scholarship will award a total of $500,000 to 55 students.

On a mission to supporting communities nationwide, McDonald’s strives to be a catalyst of change by funding scholarships, leadership training and dream building. “I often tell my employees that McDonald’s is more than burgers and fries,” said Fisher, who began working as a crew member in her parents’ McDonald’s restaurants prior to becoming a franchisee. “I’m proud to be part of a global brand that is stepping up to help America’s Black future leaders continue their education during such a challenging time.”

HBCU students can apply for a Black & Positively Golden scholarship now through August 3, by clicking here. For more information on McDonald’s Black & Positively Golden movement, follow @wearegolden on Instagram.