Thanks to Dominion Energy’s $35 million initiative to promote higher education equity, 11 Historically Black Colleges and Universities (HBCUs) in Ohio, North Carolina, South Carolina, and Virginia will receive financial support and students will have access to more scholarships.

Dominion Energy’s new six-year program, “HBCU Promise,” will provide $25 million in funding to select institutions. An additional $10 million scholarship fund will support Black and underrepresented minority students across the company’s service territories.

Dominion Energy Chairman, President, and CEO Tom Farrell said the company has partnered with HBCUs for nearly 40 years, offering volunteer and financial support.

"We have all been witness to our country's evolving conversation on race and social justice,” said Farrell. “The country is changing, and we have been looking for ways that we can make a difference. Investing in these important institutions – which serve as a springboard for social and economic mobility for so many – is one way we can help.”

In structuring the partnerships, the company will focus on four general areas: operating needs, urgent capital needs, endowment, and scholarships. Dominion Energy plans to tailor packages for each institution.

To see which schools will benefit from the initiative and to read the original press release, click here.

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