Chesapeake Energy Corp. said Friday it would give up to $2.5 million to fund scholarships for minorities and “socially disadvantaged” youth.

The Oklahoma City-based natural gas drilling company is putting up $1.25 million, and will give another $1.25 million if the Dallas-Fort Worth communities match its initial donation.

Chesapeake (NYSE: CHK) has chosen The Dallas Foundation and Community Foundation of North Texas to manage the scholarship funds.

The foundations will create scholarship committees to manage the funds. The committees will be taking the first applications in January and will award the scholarships that spring. The scholarship fund per student could be as large as $80,000 over a four-year period.

Web site: www.chkenergy.com

Information from: www.bizjournals.com

This entry was posted by Taman Siswa on Sunday, June 10, 2007 at 12:44 am and is filed under Education News, Scholarship. Tags: Scholarship, Student, . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.