Kroger (NYSE: KR) , an American grocery retailer, announced two big initiatives through its Racial Equity Fund, summing up USD1.1 Million in philanthropic investments. The Changemaker grant as well as the Next Generation scholarship mirrors the progress of Krogers Framework for Action: Diversity, Equity & Inclusion plan. The strategy is a commitment to build more equitable and inclusive communities.
“The Racial Equity Fund Changemaker grant supports Kroger’s commitment to invest not only in new and innovative strategies to build and sustain Black wealth but also strengthen long-standing partnerships with local institutions to advance health and social equity,” said Keith Dailey, president of The Kroger Co. Foundation and group VP of corporate affairs for Kroger. “Kroger is proud to support the work these organizations are doing to uplift and inspire true change throughout Ohio.”
Furthermore, the Next Generation Scholarship program is also a beneficiary of the Foundations DEI commitment. The investment, totaling USD500,000, is set to boost access to higher education for seniors of Booker T. Washington High School that want to attend LeMoyner-Owen College next fall. The college is a member of the network of Historically Black Colleges and Universities (HBCU’s).
“Kroger’s Framework for Action features actionable goals we want to implement to achieve success in our workplace and the communities we serve,” reported Teresa Dickerson, corporate affairs leader for the Kroger Delta division. “Through the Next Generation scholarship program, we’re thrilled to uplift and invest in local students and support LeMoyne-Owen College – the only HBCU in Memphis – and the Women’s Foundation for a Greater Memphis.”
Applications for the Next Generation scholarship program will be available this spring through the Women’s Foundation for a Greater Memphis website.
The post Kroger Discloses $1.1 Million Investments to Propel Racial Equity first appeared on Financial Buzz .
For further details see:
Kroger Discloses $1.1 Million Investments to Propel Racial Equity