The Baker Hughes Foundation (NASDAQ:BKR) announced Monday two grants in support of Historically Black Colleges and Universities (HBCUs) for the 2024-25 academic year: a $200,000 grant to Texas Southern University (TSU) and a $200,000 grant to Prairie View A&M University (PVAMU). The donations are part of the Foundation's long-running mission to promote education and opportunity in the communities where Baker Hughes employees live and work. The grants will help provide financial support for a wide variety of STEM programs, student development, professional certifications and career readiness.
Since 2021, the Baker Hughes Foundation has contributed over $1 million to various HBCUs due to their historic ties to Baker Hughes and its employees, and the universities' strong academic programs in science, technology, engineering, business and legal fields.
"We are proud to continue to support the HBCUs providing future generations with the keys to success will help drive innovation and build a diverse workforce for the future," said Deanna Jones, Baker Hughes' executive vice president of People, Communications and Transformation and president of the Baker Hughes Foundation. "Together, we will be able to take energy forward."
The grant to TSU will support various curriculum development, leadership training, and career service initiatives for students enrolled in the Jesse H. Jones School of Business and the College of Sciences, Engineering and Technology.
BKR shares added seven cents to $35.01.
