In 2010, Lowe's Charitable and Educational Foundation awarded 190 scholarships totaling $600,000 through Lowe's scholarship program. Scholarships are awarded based on academic achievement, leadership and community involvement. A $2,500 Lowe's Scholarship was given to 140 high school seniors with plans to attend accredited two- or four-year colleges or universities in the United States. Fifty students were awarded a $5,000 Carl Buchan Scholarship. The Buchan Scholarship is open to full-time and part-time Lowe's employees, their spouses or domestic partners, and their dependents. Lowe's scholarship program has awarded more than $2.4 million in scholarships since 2007, benefitting nearly 1,200 students.
The Lowe's Senior CLASS Award honors the most outstanding senior student-athlete in nine NCAA Division I sports. An acronym for Celebrating Loyalty and Achievement for Staying in School™, the Lowe's Senior CLASS Award focuses on the total student-athlete and encourages students to use their platform in athletics to make a positive impact as leaders in their communities. The award identifies personal qualities that define a complete student-athlete, including excellence in the classroom, outstanding character and community service, in addition to competition on the field.
For the second consecutive year, Lowe's Charitable and Educational Foundation provided financial assistance to help college seniors continue their pursuit of a college degree. Lowe's Foundation contributed $500,000 to the United Negro College Fund (UNCF) to benefit the Campaign for Essential Student Aid. Since its founding in 1944, UNCF has helped 350,000 students earn degrees from its 39-member colleges and universities. The grant from Lowe's Charitable and Educational Foundation will help students at all 39 UNCF-member institutions.
Lowe's Charitable and Educational Foundation also increased its financial assistance to the Hispanic Scholarship Fund, providing a $250,000 grant to help seniors who are on track to graduate but unable to pay the total cost of tuition. Founded in 1975, the Hispanic Scholarship Fund supports a broad range of outreach and education programs to help Latino students and their families navigate collegiate life. The grant from Lowe's Foundation assisted 100 students at 47 colleges in California, Colorado, Connecticut, Iowa, Illinois, Indiana, Massachusetts, Nevada, New York and Texas.
Lowe's launched a national partnership with Teach For America in 2010 to expand educational opportunities as many low-income school districts face economic challenges. Lowe's Charitable and Educational Foundation contributed a $500,000 grant to further Teach For America's work to recruit, train and support top college graduates who commit to teach for two years in underserved public schools. The funding supported the placement of 100 teachers in school districts serving low-income students in Charlotte and eastern North Carolina, Chicago, Denver, Los Angeles, San Francisco and New Orleans. More than 8,200 Teach For America corps members are teaching in 39 regions across the country.
During the 2010–2011 academic year, we expanded our national partnership with SIFE (Students in Free Enterprise). Lowe's Foundation awarded a $230,000 grant to SIFE to support regional competitions in Charlotte and Minneapolis, and community improvement projects executed by SIFE chapters across the country. Founded in 1975, SIFE brings together a diverse network of university students, academic professionals and industry leaders around the shared mission of creating a better, more sustainable world through the positive power of business. SIFE has active programs on more than 1,500 college and university campuses in nearly 40 countries.