UBS Americas has announced the launch of UBS NextGen Leaders, a five-year, $10 million initiative aimed at improving college success among underresourced populations.
To be launched initially in three markets — New York, New Jersey, and Connecticut — the initiative, in conjunction with My Brother's Keeper, a White House-led effort to provide "ladders of opportunity" to young men of color, aims to equip students with the skills, knowledge, and experience needed to succeed in college and compete in the global marketplace. Sponsors for Educational Opportunity's SEO Scholars program, which is designed to help low-income public high school students get into and through college, will serve as lead partner for the initiative, which also will provide participants with exposure to global perspectives through summer experiences, international trips, and mentoring by UBS employees.
"I know firsthand the power of education and how a college degree can change your trajectory in life," said UBS Americas CEO Bob McCann. "It is the single most important step in the economic ladder. Yet, across our communities, young people — particularly men of color — are being denied this opportunity. We have the power to change that by providing this important population of future talent with the tools, resources and support they need to graduate college and achieve economic independence."