Los Angeles, CA (March 20, 2019) - The Hispanic Scholarship Fund (HSF), the nation’s largest nonprofit organization supporting Hispanic American higher education, announced today that Koch Industries and the Charles Koch Foundation are donating $1 million to help fund HSF Entrepreneurship Summit in 2019 and 2020. Koch Industries and the Charles Koch Foundation are each providing $250,000 per year.

The annual HSF Entrepreneurship Summit introduces HSF Scholars to the value and importance of developing an entrepreneurial mindset. HSF invites a select group of exceptional Scholars who have demonstrated academic excellence and leadership during their college careers to a four-day, experiential learning conference where they are empowered with knowledge experiences that enable them to be entrepreneurial in any setting or career they pursue.

“The HSF Entrepreneurship Summit is an essential programmatic component of the work we do with our Scholars, and we are excited to be able to bring it to life in partnership with Koch Industries and the Charles Koch Foundation,” said Fidel A. Vargas, President & CEO, Hispanic Scholarship Fund. “By introducing Scholars to the importance of developing an entrepreneurial mindset, we intend to instill a set of key principles that will inspire them to pursue and accomplish their grandest goals; to achieve personal and professional success; to gain financial freedom; and to give back and do good.”

“We believe that everyone can become a lifelong learner and succeed,” said Brennan Brown, director of education partnerships for the Charles Koch Foundation. “By supporting the Hispanic Scholarship Fund and these exceptional, entrepreneurial-minded students, we hope each discovers their own aptitudes and creatively applies what they’ve learned to help others reach their full potential, developing a sense of fulfillment along the way.”

About the Hispanic Scholarship Fund

Founded in 1975, the Hispanic Scholarship Fund (HSF) empowers Latino students and their parents with knowledge and resources needed to successfully complete a higher education, and provides scholarships and support services to as many exceptional Hispanic American students as possible. HSF also strives to make college education a top priority for every Latino family across the nation, mobilizing our community to proactively advance that goal—each individual, over a lifetime, in every way possible. Its support services are designed to give HSF Scholars the tools they need to do well in their course work, graduate, enter and excel in a profession, help lead our nation going forward, and mentor the generations to come. As the nation’s largest nonprofit organization supporting Hispanic American higher education, HSF has awarded over $588 million in scholarships, to date. For more information about the Hispanic Scholarship Fund, please visit HSF.net.

About Koch Industries

Based in Wichita, Kansas, Koch Industries, Inc. is one of the largest private companies in America, with estimated annual revenues as high as $110 billion, according to Forbes. It owns a diverse group of companies involved in refining, chemicals, and biofuels; forest and consumer products; fertilizers; polymers and fibers; process and pollution control systems; electronics, software and data analytics; minerals; glass; automotive components; ranching; commodity trading; and investments. Since 2003, Koch companies have invested nearly $105 billion in growth and improvements. With a presence in 60 countries, Koch companies employ nearly 130,000 people worldwide, with about 67,000 of those in the United States. From January 2009 to present, Koch companies have earned more than 1,300 awards for safety, environmental excellence, community stewardship, innovation, and customer service. For more news and stories, visit www.KOCHind.com.

About the Charles Koch Foundation

For more than five decades, Charles Koch’s philanthropy has inspired bold new ideas to help people improve their lives. Inspired by a recognition that free people are capable of extraordinary things, the Charles Koch Foundation supports research, educational programs, and dialogue to advance a society of equal rights and an understanding of how people can best live together in peace and prosperity and challenge convention. The Charles Koch Foundation provides grants to support a wide range of inquiry including criminal justice and policing reform, free expression and open inquiry, foreign policy, economic opportunity, and innovation. To learn more visit charleskochfoundation.org.