Allen University receives $900,000 investment from BlueCross BlueShield of South Carolina

BCBS-SC gift

(Columbia, S.C.) – Allen University has been awarded a $900,000 investment from BlueCross BlueShield of South Carolina (BCBS-SC). The funding commitment is intended to help with immediate financial needs to ensure sustainability and assist in getting as many students as possible to begin and continue their education at Allen University.

According to David Pankau, president and CEO of BlueCross BlueShield of South Carolina, the devastation wreaked by the coronavirus on individuals, families, businesses, and communities has been amplified among South Carolina’s vulnerable and minority populations.

Seventy percent of the students attending Allen are the first in their families to attend college.  Over 90% of the University’s students are Pell Grant recipients with family

incomes of less than $30,000 annually.

“This is a great reflection of what being a good corporate citizen is all about,” Allen University President, Dr. Ernest McNealey said speaking highly of the organization. “This investment will help us support students as they continue their education and ultimately expand the State’s and Nation’s economy and democracy.”

Allen University’s $900,000 allotment will be allocated to hardship grants for students, tuition-based scholarships for students, additional support for the recently upgraded technology infrastructure, and additional pandemic related operational costs.

“This is not the first act of generosity by BCBS-SC” explained Dub Taylor, vice-president for institutional advancement. “In early fall of 2019, the company agreed to serve as a named sponsor of the “Annual Richard Allen A Mind is Gala,” which ultimately supports student scholarships.  We look forward to a continuing relationship with Blue Cross,” Taylor said.

For more information about Allen University visit: www.allenuniversity.edu

For more information about BlueCross BlueShield SC visit: www.southcarolinablues.com

For more information, contact Anika Cobb, director of marketing and communications at (803) 376-5717 or acobb@alleuniversity.edu.

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Allen University is a Christian liberal arts institution located in the capital city of Columbia, South Carolina. Allen provides an environment of academic excellence to heighten students’ chances of succeeding in a culturally diverse and economically global world. Allen maintains accreditation with the Southern Association of Colleges and Schools Commission on Colleges to award baccalaureate and master’s degrees. The university also holds membership with the United Negro College Fund.