FanDuel Donates $1 Million to UNCF to Support Students from North Carolina HBCUs

Rhea-AI Summary

FanDuel, North America's premier online gaming company, has announced a fourth $1 million donation to the United Negro College Fund (UNCF) to support students at 11 historically Black colleges and universities (HBCUs) across North Carolina. The donation, made on September 29 at Bank of America Stadium in Charlotte, will provide direct support through UNCF's Emergency Student Aid program, helping students with technology, housing, food security, tuition, and other education-related expenses.

This contribution follows the launch of mobile sports betting in North Carolina and reaffirms FanDuel's commitment to making a positive impact in communities where it operates. The donation will benefit students at institutions including Barber-Scotia College, Bennett College, Elizabeth City State University, Fayetteville State University, Johnson C. Smith University, Livingstone College, North Carolina A&T State University, North Carolina Central University, St. Augustine's University, Shaw University, and Winston-Salem State University.

Positive

• FanDuel donated $1 million to support HBCU students in North Carolina
• The donation will benefit 11 historically Black colleges and universities in the state
• Funds will be distributed through UNCF's Emergency Student Aid program
• This marks FanDuel's fourth $1 million donation to UNCF

Negative

• None.

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Donation comes after this year's launch of mobile sports betting in the state and marks the fourth $1 million FanDuel donation to UNCF

NEW YORK, Oct. 1, 2024 /PRNewswire/ -- FanDuel, the premier online gaming company in North America, today announced a fourth $1 million donation supporting the UNCF (United Negro College Fund) whose mission is to build a robust and nationally recognized pipeline of under-represented students who, because of UNCF support, become highly qualified college graduates. The donation will financially support students at 11 historically Black colleges and universities (HBCUs) across North Carolina.

FanDuel is an Official Sports Betting Partner of the Carolina Panthers and made the donation to the UNCF on September 29 in the form of a check presentation at Bank of America Stadium in Charlotte, North Carolina, with UNCF and FanDuel executives taking part in the ceremony.

Through the donation, UNCF will provide direct support through its Emergency Student Aid program and help students at each of the institutions in a variety of areas, including technology, housing, food security, tuition and other education-related expenses.

"We are thrilled to extend our work with the UNCF to support the HBCU community across North Carolina," said Alison Kutler, Vice President, Responsible Gaming and Community Impact at FanDuel. "FanDuel is steadfast in its commitment to making a positive impact in the communities in which we operate our sportsbook, and we look forward to supporting hard-working students at institutions throughout the state."

"As a steadfast supporter of UNCF and HBCU students, FanDuel is setting an exemplary standard for other private entities to emulate in making investments in deserving students who need a helping hand to fulfill their goal of completing their college education. We commend FanDuel for its ongoing commitment and support as together we will continue empowering HBCUs and their students to flourish and to remain focused on their crucial mission in higher education," said Larry A. Griffith, executive vice president for programs and student services, UNCF.

The 11 institutions in North Carolina impacted by the donation include Barber-Scotia College, Bennett College, Elizabeth City State University, Fayetteville State University, Johnson C. Smith University, Livingstone College, North Carolina A&T State University, North Carolina Central University, St. Augustine's University, Shaw University and Winston-Salem State University.

About FanDuel Group
FanDuel Group is the premier mobile gaming company in the United States. FanDuel Group consists of a portfolio of leading brands across mobile wagering including, America's #1 Sportsbook FanDuel Sportsbook, its leading iGaming platform FanDuel Casino, the industry's unquestioned leader in horse racing and advance-deposit wagering, FanDuel Racing and its daily fantasy sports product. In addition, FanDuel Group operates FanDuel TV, its broadly distributed linear cable television network and FanDuel TV+, its leading direct-to-consumer OTT platform. FanDuel Group has a presence across all 50 states with approximately 17 million customers and 25 retail locations. The company is based in New York with offices in Los Angeles, Atlanta and Jersey City, as well as in Canada, Scotland, Ireland, Portugal, Romania and Australia. FanDuel Group is a subsidiary of Flutter Entertainment plc, the world's largest sports betting and gaming operator with a portfolio of globally recognized brands and traded on the New York Stock Exchange (NYSE: FLUT).

About UNCF
UNCF (United Negro College Fund) is the nation's largest and most effective minority education organization. During its 80-year existence, UNCF has raised more than $6 billion and helped more than 500,000 students not just attend college, but thrive, graduate and become leaders. To serve youth, the community and the nation, UNCF supports students' education and development through scholarships and other programs, supports and strengthens its 37 member colleges and universities, and advocates for the importance of minority education and college readiness. While totaling only 3% of all colleges and universities, UNCF institutions and other historically Black colleges and universities are highly effective, awarding 15% of bachelor's degrees, 5% of master's degrees, 10% of doctoral degrees and 19% of all STEM degrees earned by Black students in higher education. UNCF administers more than 400 programs, including scholarship, internship and fellowship, mentoring, summer enrichment, and curriculum and faculty development programs. Today, UNCF supports more than 50,000 students at over 1,100 colleges and universities across the country. Its logo features the UNCF torch of leadership in education and its widely recognized trademark, ‟A mind is a terrible thing to waste."^® Learn more at UNCF.org or for continuous updates and news, follow UNCF on Twitter at @UNCF.

Media Contacts:
FanDuel Group / press@fanduel.com

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SOURCE FanDuel Group

FAQ

How much did FanDuel donate to UNCF for North Carolina HBCUs?

FanDuel donated $1 million to UNCF to support students at 11 historically Black colleges and universities (HBCUs) across North Carolina.

When did FanDuel make the donation to UNCF for North Carolina HBCUs?

FanDuel made the donation to UNCF on September 29, 2024, at Bank of America Stadium in Charlotte, North Carolina.

Which North Carolina HBCUs will benefit from FanDuel's donation?

The donation will benefit 11 institutions including Barber-Scotia College, Bennett College, Elizabeth City State University, Fayetteville State University, Johnson C. Smith University, Livingstone College, North Carolina A&T State University, North Carolina Central University, St. Augustine's University, Shaw University, and Winston-Salem State University.

How will FanDuel's donation to UNCF be used to support HBCU students in North Carolina?

The donation will provide direct support through UNCF's Emergency Student Aid program, helping students with technology, housing, food security, tuition, and other education-related expenses.