Wachovia gives $250,000 gift to SC State

Friday, March 16, 2007

Wachovia SC President Kendall Alley presents $250K to SC State officialsORANGEBURG – The Wachovia Corporation, through its Wachovia Foundation, has contributed $250,000 to SC State University to establish a scholarship program. The gift is the single largest corporate gift presented to the university.

“Providing access to higher education to all members of our community is one of the ways we can improve an individual’s economic future and reduce poverty in our communities,” said Kendall Alley, Wachovia’s South Carolina president. “Wachovia is proud to establish a scholarship program with SC State University to ensure students who need higher education the most, but can least afford it receive financial help.”

Alley presented the check to SC State during one of its annual Founder’s Weekend activities.

“This contribution on this special day is symbolic of the partnerships that we wish to foster and cultivate, and the excitement that we wish for everyone to have for SC State and our ‘new state of mind’,” said SC State President Andrew Hugine Jr.

Wachovia previously made a $100,000 contribution to SC State.

The Wachovia Foundation is a private foundation that is funded annually by Wachovia Corporation. The Foundation provides grants to eligible 501(c)(3) tax-exempt organizations in two primary and two secondary focus areas. Primary focus areas include education and community development. Secondary focus areas include health and human services and arts and culture. The Foundation’s mission is to build strong and vibrant communities, improve the quality of life, and make a positive difference where we work and live.