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HSBC Establishes Endowed Scholarship for UC's Young Scholars LPP

First Scholarships to be Awarded in 2007

Written By Mary Davidson, PR Intern

Contact - cleogrande@utica.edu

Utica, NY (12/19/2006) -    HSBC in the Community (USA) Inc. has awarded a $25,000 grant to Utica College to create the HSBC Endowed Scholarship for Underrepresented Students. This scholarship will be awarded to students who have successfully completed the Young Scholars Liberty Partnerships Program (LPP) and seek a higher education at Utica College.
   The Young Scholars LPP is a collaborative project between Utica College and the Utica City School District to meet the challenge of motivating underrepresented students in grades six through 12 to stay in school, earn a New York State Regents Diploma with Advanced Designation and pursue post-secondary education. To date, 96 percent of the Young Scholars completing the program have graduated from high school; with 77 percent going on to enroll in institutions of higher education.
   HSBC established HSBC in the Community (USA) Inc., to carry out its mission with a philanthropic strategy focused primarily on two critical issues, education and the environment. Education, it feels, is the key to solving many of society's problems, and to assuring the availability of tomorrow's workers, leaders and consumers for our nation. The Foundation defines education in its broadest terms and concentrates on those less fortunate - underprivileged young people and schools in economically deprived areas.
   The first scholarships will be awarded to The HSBC Young Scholars in 2007.

About Utica College – Founded in 1946, Utica College is a comprehensive private institution that grants the Syracuse University baccalaureate degree and the Utica College master’s and doctoral degrees. The College, located in central New York, approximately 90 miles west of Albany and 50 miles east of Syracuse, currently enrolls an approximated 3,000 undergraduate and graduate students in 31 undergraduate majors, 24 minors, 13 master’s and two doctoral degree programs.

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