Alabama Newscenter — Birmingham Promise Announces $8 Million in Corporate Gifts to Support Students

Alabama News Center | May 26, 2021 @ 2:00 pm

By Alabama NewsCenter Staff

Alabama corporations have pledged $8 million to Birmingham Promise in support of college scholarships and education services.

Birmingham Mayor Randall L. Woodfin and Birmingham Promise Inc. Executive Director Rachel Harmon announced the gifts Tuesday. They include the largest private donation to Birmingham Promise to date: a $5 million commitment from Vulcan Value Partners, a Birmingham-based investment management firm.

Additional commitments of $1 million each came from Blue Cross and Blue Shield of Alabama and Protective Life Corporation. Alabama Power has committed $1 million for the second consecutive year.

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