The Chrysler Group has expanded its support of the National Society of Hispanic MBA (NSHMBA) by pledging more than $100,000 in cash and product, the automaker announced Monday.
The announcement was made during NSHMBA's 24th annual Conference and Career Expo that was held at the Henry B. Gonzalez Convention Center in San Antonio, Texas, this past weekend.
The Chrysler Foundation, the charitable arm of Chrysler Group LLC, awarded the group a $75,000 grant to fund scholarships for Hispanic students who are pursuing a MBA or MBA-equivalent degree at accredited institutions.
The Ram Truck brand donated a certificate worth $35,000 toward the purchase of a new truck. NSHMBA is expected to raffle the certificate with the proceeds going toward the organization's general fund and mission.
"An investment in education will provide on the best returns possible for a corporation or individual," said Reid Bigland, head of U.S. sales and president and CEO of the Ram Truck Brand, in a press release. "Organizations like NSHMBA are rich sources of talented future business leaders who can help fuel Chrysler Group's continued success."
The Chrysler Foundation says it has awarded nearly $850,000 in scholarships to Hispanic students since 1986.
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