FOR IMMEDIATE RELEASE/ANUNCIO DE LA PRENSA
For more information, contact:
Andy Pino, firstname.lastname@example.org
President Obama Selects Hispanic Scholarship Fund to Share in Nobel Prize Money
SAN FRANCISCO, CA – March 16, 2010 – The White House announced President Barack Obama has selected the Hispanic Scholarship Fund (HSF) as one of 10 non-profit organizations to receive a portion of the $1.4 million cash award that accompanies the Nobel Prize. Non-profit organizations in the education, veteran affairs and international development sectors were selected. For the official release from the Office of the Press Secretary, see here: http://www.whitehouse.gov/the-press-office/president-donates-nobel-prize-money-charity
"These organizations do extraordinary work in the United States and abroad helping students, veterans and countless others in need," Obama said. "I'm proud to support their work."
Details of the $125,000 awarded to HSF are yet to be finalized and will ultimately go to academically prepared, college attending Latino students with financial need.
"HSF looks forward to developing a special scholarship program which will be aligned with President Obama’s vision of a better educated, more competitive America. We are profoundly honored by this gift," states Frank Alvarez, President and CEO of the Hispanic Scholarship Fund.
The Hispanic Scholarship Fund’s (HSF) mission is to strengthen America by advancing the college education of Hispanic Americans. The organization delivers a range of programs to Hispanic families and students through community outreach and education, affordability via scholarships, college retention and career opportunities. HSF supports a successful path for Latinos to attain a college degree - creating an increasingly valuable asset for a stronger more competitive America in the 21st century. Celebrating its 35th year, the Hispanic Scholarship Fund has awarded over $300M resulting in close to 100,000 scholarships to students in need. For more information, please see: HSF.net.