Las Vegas Sands Continues Underwriting for National Hispanic Institute's Las Vegas Program in a New Three-Year Engagement
Rhea-AI Summary
Las Vegas Sands (NYSE: LVS) has announced a new three-year commitment of nearly $350,000 to support the National Hispanic Institute's (NHI) leadership development program in Las Vegas for academic years 2024-2025 through 2026-2027. This funding extends the previous three-year grant that helped establish NHI's presence in Las Vegas.
The program has successfully enabled 97 Las Vegas high school students to complete leadership development programs from 2022 to 2024, with over 25 students returning as volunteers. The new funding will cover student tuition stipends, travel expenses, recognition ceremonies, a student civic project, and support for a local administrator. The program includes three progressive stages: the Great Debate for sophomores, the Lorenzo de Zavala Youth Legislative Session for juniors, and the Collegiate World Series for seniors.
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On the day this news was published, LVS declined 0.89%, reflecting a mild negative market reaction.
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The company will provide nearly
The new Sands Cares funding builds on the previous three-year grant, which provided the seed investment for NHI to establish a presence in
Students begin their journey in NHI's leadership development program as rising sophomores focusing on communication skills as tools for self-advancement and community change through participation in the organization's Great Debate. As rising juniors, students learn about governance, organizational development and policy design through participation in the Lorenzo de Zavala Youth Legislative Session. Finally, rising seniors participate in the Collegiate World Series, which has a dual focus on preparing students for both college admissions and community leadership.
"Sands has made it possible for us to immerse high-achieving
Funding for the 2024-2025 academic year will underwrite stipends for student tuition, travel expenses to competitions, recognition ceremonies, a student civic project, an organizational fundraiser, and a local administrator to manage the program, coordinate with the local volunteer alliance and conduct community outreach. With the Sands Cares support, NHI also plans to hold a one-day leadership program for eighth grade students interested in becoming future candidates for NHI's high school programs and publish a
"We have seen the tremendous impact NHI's curriculum makes on students, and it strongly aligns with our commitment to building a highly capable and diverse workforce of the future," Ron Reese, senior vice president of global communications and corporate affairs, who spearheads corporate responsibility initiatives, said. "Students leave NHI's programs with increased confidence, new skillsets and a vision for their futures that supersedes their previous belief systems. It is a remarkable experience, and we encourage local students to take the journey."
NHI is accepting applications for ninth- and tenth-grade students to enroll in its next program cycle until Feb. 28. Eligible ninth-grade students must have an 85/100 or 3.0/4.0 grade point average, and tenth-grade students must have an 88/100 or 3.2/4.0 GPA. Students from all backgrounds may apply. Students and school officials may contact Regina Legarreta at regina_legarreta@nhimail.com or apply at www.nationalhispanicinstitute.org.
To learn more about the Sands Cares community engagement program and Sands' priority on workforce development, read the company's latest ESG report: https://www.sands.com/content/uploads/2024/06/LVS-ESG-Report-2023.pdf
About National Hispanic Institute
The National Hispanic Institute was established in 1979 for the purpose of expanding the leadership base of the emerging Latino community through well-designed leadership programs aimed at high-potential, college-bound high school students. Today, the organization consists of various community-based partnerships that include schools, colleges, alumni volunteers, local sponsors and alliance groups that support NHI community and national training initiatives for youth. To learn more, please visit www.nationalhispanicinstitute.org.
About Sands (NYSE: LVS)
Sands is the leading global developer and operator of integrated resorts. The company's iconic properties drive valuable leisure and business tourism and deliver significant economic benefits, sustained job creation, financial opportunities for local businesses and community investment to help make its host regions ideal places to live, work and visit.
Sands' portfolio of properties includes Marina Bay Sands® in
Dedicated to being a leader in corporate responsibility, Sands is anchored by the core tenets of serving people, communities and the planet. The company's ESG leadership has led to inclusion on the Dow Jones Sustainability Indices for World and
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SOURCE Las Vegas Sands Corp.
