Press Releases

December 20, 2011

APIASF ANNOUNCES FIRST FOUR-YEAR SCHOLARSHIPS THROUGH ALLIANCE WITH FEDEX

New Scholarships Will Help to Increase Degree Attainment Among Underserved Asian American and Pacific Islander Students

Contact: Katie Tran-Lam
APIASF
202-747-7236
ktranlam@apiasf.org

Washington, D.C., December 20, 2011—The Asian & Pacific Islander American Scholarship Fund (APIASF), the nation's largest nonprofit organization devoted to providing college scholarships for Asian Americans and Pacific Islanders (AAPI), announced its first-ever four-year scholarship opportunity for students. The new scholarship opportunity was developed through APIASF's alliance with FedEx Corp. (NYSE: FDX) and will provide eight scholarships per year for the next three years. Each scholarship is worth $10,000 that will be distributed over four years.

"Education is a strategic focus for FedEx," said Rose Flenorl, Manager Social Responsibility. "This contribution is part of FedEx commitment to support organizations and initiatives that positively impact the communities we serve. We are proud to work with the Asian and Pacific Islander American Scholarship Fund to provide students with access to a college education."

According to a 2011 report produced through a partnership between APIASF and the National Commission on Asian American and Pacific Islander Research in Education (CARE), large proportions of AAPI subgroups are attending college, but not earning a degree. Among Southeast Asians, 33.7 percent of Vietnamese, 42.9 percent of Cambodians, 46.5 percent of Laotians, and 47.5 percent of Hmong adults (25 years or older) reported having attended college, but not earning a degree. Similarly, Pacific Islanders have a very high rate of attrition during college. Among Pacific Islanders, 47.0 percent of Guamanians, 50.0 percent of Native Hawai’ians, 54.0 percent of Tongans, and 58.1 percent of Samoans entered college, but left without earning a degree. The new APIASF / FedEx Scholarship directly meets this need by helping ensure that students have the financial resources to continue their education and attain a degree.

"There is a significant need within the AAPI community to ensure that our students are able to not only access higher education, but that they are able to attain a degree," said APIASF President & Executive Director Neil Horikoshi. "It is an honor for APIASF to work with FedEx, a company that understands the challenges faced by AAPI students and is committed to investing in their success."

Since 2003, APIASF has provided a critical bridge to higher education by distributing more than $50 million in scholarships to deserving AAPI students through our two scholarship programs. In addition to the APIASF scholarship program, APIASF manages the Gates Millennium Scholars/Asian Pacific Islander Americans funded by a grant from the Bill & Melinda Gates Foundation. In 2011, the APIASF scholarship program awarded more than $1.2 million in scholarships to deserving students across the country, the U.S. Territories and the Freely Associated States.

For details about APIASF's scholarship programs or to apply, visit APIASF's Web site at www.apiasf.org. Also, follow APIASF on Facebook (www.facebook.com/apiasf) and Twitter (www.twitter.com/apiasf). Applications are due on January 13, 2012.

About APIASF:
Based in Washington, D.C., the Asian & Pacific Islander American Scholarship Fund (APIASF) is the nation's largest non-profit organization devoted solely to providing college scholarships for Asian Americans and Pacific Islanders (AAPI). Since 2003, APIASF has provided a critical bridge to higher education for APIA students across the country by distributing more than $50 million in scholarships to students. APIASF manages two scholarship programs: APIASF's general scholarship and the Gates Millennium Scholars/Asian Pacific Islander Americans funded by a grant from the Bill & Melinda Gates Foundation.

About FedEx:
FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenues of $41 billion, the company offers integrated business applications through operating companies competing collectively and managed collaboratively, under the respected FedEx brand. Consistently ranked among the world's most admired and trusted employers, FedEx inspires its more than 290,000 team members to remain "absolutely, positively" focused on safety, the highest ethical and professional standards and the needs of their customers and communities. For more information, visit news.fedex.com