BIRMINGHAM, Ala. – Nov. 2, 2021 – The Regions Foundation and Miles College on Monday announced a $250,000 grant from the Foundation to help cover student tuition needs and pay for scholarship opportunities as students pursue their degrees at Miles.
The Regions Foundation is a nonprofit initiative that is primarily funded by Regions Bank. The Foundation issues grants that prioritize more inclusive prosperity, including through education and workforce readiness.
The $250,000 grant from the Regions Foundation will not only support current students, but also students who previously attended Miles College in the fall of 2019 or prior and wish to return, but still have unpaid student balances.
“I am grateful for the continued support that the Regions Foundation has bestowed upon Miles College,” said Bobbie Knight, Miles College President. “This investment in our students will give them the opportunity to return and finish their degrees without worrying about past balances.”
Both the Regions Foundation and Regions Bank are committed to supporting Historically Black Colleges and Universities (HBCUs). The Miles grant is similar in size and scope to grants provided by the Regions Foundation to additional HBCUs this semester. Further, the Regions Foundation and Regions Bank have a clear commitment to supporting a wide range of programs and initiatives that promote greater racial equity and economic empowerment for communities of color.
“The Regions Foundation is committed to advancing education opportunities for students across our communities while removing barriers to success,” said Marta Self, executive director of the Regions Foundation. “Those barriers often include financial challenges in obtaining a degree, and our goal is to use the foundation’s resources in a way that connects more students with the opportunity to complete their education and pursue rewarding careers. For over 100 years, Miles College has prepared students to excel collegiately and professionally. This grant from the Regions Foundation will significantly impact students as they pursue and achieve successful, rewarding careers.
Miles College, founded in 1898, is a premier liberal arts institution located in metropolitan Birmingham within the corporate limits of the City of Fairfield. The noble founders of the institution saw educated leadership as the paramount need in the black community. Miles, which is fully accredited by the Commission on Colleges of the Southern Association of Colleges and Schools and accredited by Commission on Colleges for the awarding of Baccalaureate Degrees, is the only four-year institution in historic Birmingham, Alabama designated as a member of Historically Black Colleges and Universities (HBCU).
About Regions Foundation
Regions Foundation supports community investments that positively impact the communities served by Regions Bank. The Foundation engages in a grantmaking program focused on priorities including economic and community development; education and workforce readiness; and financial wellness. The Foundation is a nonprofit 501(c)(3) corporation funded primarily through contributions from Regions Bank.
About Regions Financial Corporation
Regions Financial Corporation (NYSE:RF), with $156 billion in assets, is a member of the S&P 500 Index and is one of the nation’s largest full-service providers of consumer and commercial banking, wealth management, and mortgage products and services. Regions serves customers across the South, Midwest and Texas, and through its subsidiary, Regions Bank, operates more than 1,300 banking offices and approximately 2,000 ATMs. Regions Bank is an Equal Housing Lender and Member FDIC. Additional information about Regions and its full line of products and services can be found at www.regions.com.