Budweiser said it will partner with the United Negro College Fund to award the scholarships annually for the next five years.
The scholarships will go to students pursuing degrees in science, math, and engineering.
Budweiser says this is a way for the company to accelerate inclusion “by way of education.”
“Anheuser-Busch has a strong foundation when it comes to addressing issues of racial inequality by promoting fundamental civil rights, education opportunities, and economic empowerment within the Black community,” said Monica Rustgi, Vice President, Marketing for Budweiser. “We’re proud of a 40+ year partnership with the UNCF in support of Black Americans, and we want to do even more to advance economic empowerment in the future.”
The company will award 25 scholarships annually, valued at $4,000 each. Additionally, five intern scholars who receive a paid internship in the Anheuser-Busch Brewing/Supply function will receive a $6,000 scholarship toward the final year of earning their degree.