2018 ELC Undergraduate Scholarship Program
Submission Deadline04/23/2018
Description

The Executive Leadership Council

The Executive Leadership Council (ELC) is the preeminent membership organization committed to increasing the number of global black executives in C-Suites, on corporate boards and in global enterprises.

Overview

The mission of The ELC’s Scholarship Programs is to build a pipeline of black corporate talent by supporting the academic achievement and development of black undergraduate and graduate students.

The ELC offers five undergraduate scholarship programs:

  • three are designed for students pursuing degrees in business
  • one is designed for students currently enrolled in a mechanical or chemical engineering program
  • one is designed for students pursuing degrees in business, insurance and risk management, or a related field

Scholarships are awarded to students who demonstrate academic excellence, leadership and commitment to community service. Additionally, scholarship recipients receive exposure and networking opportunities with ELC members through participation in The ELC’s Honors Symposium.

Honors Symposium

The Honors Symposium introduces The ELC’s scholarship recipients to a wide range of business- related careers and industries to increase the number of future black business leaders. Our goal is to help fill the pipeline of black corporate executives from the classroom to the boardroom.

The Symposium is a four-day professional development experience comprising a series of events and meetings that connect and expose The ELC’s scholarship recipients to leading corporate executives and hiring managers from major global corporations. During this experience, the scholarship recipients participate in career development opportunities and enriching social activities.

The scholars also attend The ELC’s Annual Recognition Gala where they are recognized on stage before an audience of more than 2,000 corporate, education, civic and community leaders.

Essay Requirements

Each applicant must submit a well-written and supported essay on the scholarship's specified topic of interest (essay topic will differ for each scholarship). Essays should be 500 (minimum) to 800 (maximum) words in length.

Special Note: Praxair Engineers of Tomorrow Scholarship applicants must submit a short essay (400 words maximum) in response to each of the four prompt questions.

Nationwide's Future Leaders Scholarship applicants must submit a short essay (400 words maximum) in response to each of the four prompt questions. 

Video Requirement

Each applicant must submit a 3 - 5 minute video answering the following questions:

  1. What differentiates you from the other applicants and how have your experiences shaped you as an individual?
  2. What is your vision and strategy for becoming a future black business leader?

Scholarship Descriptions

Alvaro L. Martins Scholarship

Created in honor of The ELC’s founding member, the first president and CEO of The Council and an alumnus of Howard University, the Alvaro L. Martins scholarship is open to high achieving undergraduate black male students attending one of the nation’s top Historically Black Colleges and Universities (HBCUs). Fifteen scholarship awardees will receive a one-time scholarship in the amount of $7,000 each to assist with educational expenses for the 2018-2019 academic year.

Essay Topic: As a founding member of The ELC, Alvaro L. Martins and other black executives banded together to create a community for black business leaders. They sought to create a safe space that allowed for the sharing of best business practices and ideas while serving as a collective body to address issues plaguing the development and sustainability of the black business community and educational system. They demonstrated what can happen when purpose and passion collide. The results of their efforts are still evident today, 30 years later, through the many initiatives of The ELC.

As you prepare for the future, how has your passion and/or purpose influenced the career path you have chosen to pursue? What steps are you taking to fulfill that dream?

Ann Fudge Scholarship

Named after the first woman chair of The Council and former chairman and CEO of Young & Rubicam Brands, the Ann Fudge Scholarship is open to high achieving undergraduate black female students attending one of the nation’s top HBCUs. Fifteen scholarship awardees will receive a one-time scholarship in the amount of $7,000 each to assist with educational expenses for the 2018-2019 academic year.

Essay Topic: As an aspiring black woman business leader, it is important to understand the following statistics related to financial well-being:

  • Black women working full-time earn $0.68 for every dollar earned by white men (Source: U.S. Bureau of Labor Statistics)
  • The net worth of black households in the U.S. is less than 15% that of white households (Source: Federal Reserve Board)
  • In 2013, the average household wealth for black families in the U.S. was $85,000, and It is projected by 2043 the wealth of black households will only increase by $765 per year to $107,950 (Source: U.S. Census Bureau)

What factors and trends do you think have contributed to the earning and wealth gap for black women? As you enter the workforce over the next several years and begin to have significant earnings and income, what action(s) can you take to improve your financial knowledge and well-being both in the short and long term? What information do you think would be helpful to share with your peers to increase their financial literacy?

Award for Excellence in Business Commentary

Top undergraduate students are invited to compete in a national writing competition focused on business trends, issues and insights. Sponsored by The Coca-Cola Company, this scholarship program is open to high achieving undergraduate black students attending a four-year college or university. Fifteen scholarship awardees will receive a one-time scholarship ranging between $5,000 - $12,000 for the 1 st through 3 rd place winners, and $5,000 each for twelve additional scholars to assist with educational expenses for the 2018-2019 academic year.

Essay Topic: The ELC invests and assists in the development of the next generation of black business leaders. In an effort to bridge the gap between our corporate partners and top diverse talent, what do you believe attracts the best candidates to employers? When identifying potential employers, please describe the key business principles that are most important in your selection process. What are the factors that are critical to your decision making process?​ Examples: the organization’s reputation, development opportunities within a company, the product or service the company provides, etc.

What types of positions would you be interested in post-graduation and does the geographic location of an opportunity matter (domestic and international)?

Praxair Engineers of Tomorrow Scholarship

This scholarship was established to provide opportunities for high-performing, minority college students pursuing careers in engineering. The Praxair Engineers of Tomorrow Scholarship is open to high achieving undergraduate black students currently attending a four-year college or university and pursuing a mechanical or chemical engineering degree. Three scholarship awardees will receive a one-time, need-based scholarship in the amount of $12,000 each to assist with educational expenses for the 2018-2019 academic year.

Essay Topics:

  1. What challenges have you overcome in achieving your undergraduate education?
  2. Who or what influenced you to pursue a career in the engineering field? Whom do you consider a trailblazer in the engineering industry? Please explain.
  3. Briefly describe your short and long-term goals (academic and career goals). How do you plan to achieve them?
  4. Please describe the types of leadership roles you have experienced? How do you intend on being a leader in your community?

Nationwide’s Future Leaders Scholarship

This scholarship program, established with a donation from Nationwide, will provide scholarship awards to high achieving black students who are pursuing degrees in business, insurance and risk management, or a related field. Ten scholarship awardees will receive a one- time, need-based scholarship in the amount of $12,000 each to assist with educational expenses for the 2018 – 2019 academic year.

As one of America’s most diversified financial services companies, we’re trusted advisors to our members — offering a breadth of solutions like home and auto insurance, life insurance, retirement savings tools and more. And how do we accomplish it all? By hiring and retaining associates who are as driven and caring as you. We’re a leader in the insurance industry because we’re a company where you can do meaningful work every day and where the effort you put in is acknowledged and rewarded. Join us and be something great.

Essay Topics:

  1. What factors influence you when deciding on a profession/career after college?
  2. What does Nationwide currently offer that makes the company attractive to you as a potential employer?
  3. What suggestions can you provide to improve Nationwide’s brand, social presence, community engagement and user experience to ensure an optimal candidate experience for millennials/Generation Z?
  4. Please share your perspective on the importance of diverse collaboration and its impact on product innovation?
Rules

All applicants must meet the following requirements:

Eligibility Requirements

Applicants must meet the following criteria to be eligible for an ELC undergraduate scholarship:

  • The applicant’s classification status for Fall 2018 must be sophomore, junior or senior
  • Applicants must demonstrate high academic achievement; Applicants must have a minimum cumulative GPA of 3.5 to apply to the Nationwide’s Future Leaders Scholarship Program and a 3.0 GPA for the other four scholarship programs
  • Applicants must be a U.S. citizen at time of application
  • Applicants must be able to demonstrate financial need by submitting their current financial aid award letter; A copy of your FAFSA application must also be submitted
  • Applicants applying to the Award for Excellence in Business Commentary Scholarship Program must be pursuing a degree in business at an accredited four-year college or university
  • Applicants applying to the Nationwide’s Future Leaders Scholarship Program must be pursuing a degree in business, insurance and risk management or a related field at an accredited four-year college or university
  • Applicants applying to the Praxair Engineers of Tomorrow Scholarship Program must be pursuing a mechanical or chemical engineering degree at an accredited four-year college or university
  • Applicants applying to Ann Fudge Scholarship Program and /or Alvaro. L Martins Scholarship Program must be pursuing a degree in business and currently enrolled at an HBCU

Applicants are ineligible if they fall into any of the following categories mentioned below:

  • Applicants who have previously received an ELC undergraduate scholarship
  • Applicants who are studying abroad
  • ELC member dependents
  • Non-citizens including permanent residents are ineligible even if they anticipate naturalization by the launch of the ELC Scholarships Program
  • Applicants who intentionally or unintentionally duplicate the work of an essay that has been previously submitted for consideration

Submission Requirements

Applicants must meet the criteria described in the scholarship description and eligibility requirements

  • Applicants may apply to multiple scholarships, if eligible. However, an applicant will only be awarded one scholarship per calendar year
    • Once awarded, applicants are no longer eligible for any future ELC undergraduate scholarship award
  • Applicants must submit a well-written and supported essay on the scholarship’s specified essay topic (topics vary for each scholarship).Essays should be 500 (minimum) - 800 (maximum) words in length
  • Applicants must submit a 3 - 5 minute video answering the following questions:
    • What differentiates you from the other applicants and how have your experiences shaped you as an individual?
    • What is your vision and strategy to becoming a future black business leader?
  • Applicants must submit an unofficial academic transcript reflecting current standing with their college/university, enrollment status and field of study
  • Applicants must submit a copy of their official financial aid award letter summary for the current school year
  • Applicants must agree to the terms of the electronic affidavit
  • Applicants must submit one letter of recommendation from a professor, faculty or staff member speaking to the student’s character, academic excellence and community/campus leadership
  • Applicants must submit a professional resume that demonstrates campus and/or community involvement/leadership
  • All scholarship recipients are required to attend the all-expense paid ELC Honors Symposium experience. The Honors Symposium will be held on October 9 - October 12, 2018 in Washington, DC.

Note:

  • Praxair Engineers of Tomorrow Scholarship applicants must submit a short essay (400 words maximum) in response to each of the four question prompts.
  • Nationwide’s Future Leaders Scholarship applicants must submit a short essay (400 words maximum) in response to each of the four question prompts.

Applicants must complete and submit all application requirements by Monday, March 19, 2018 at midnight EST. 

The deadline has been extended to March 30, 2018 at midnight EST. 

Successful applications will be notified by Monday May 7, 2018.

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