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Scholarship and mentorship program aimed at enhancing career pathways for Black students pursing legal and public policy degrees
CHARLOTTE, N.C., Nov. 17, 2022 /PRNewswire/ -- Ally Financial Inc. (NYSE: ALLY) and The Congressional Black Caucus Foundation, Inc. (CBCF) today announced the 2022 cohort of Ally Legal and Public Policy Scholars. Ally launched the scholarship and mentoring program with CBCF in 2021 to support Black students seeking careers in law and public policy. Once fully implemented, Ally's financial commitment under the program will total up to $260,000 annually.
"The rule of law and the fair administration of justice are central to our democratic republic, as is the role of lawyers and public policy makers in defending them," said Scott Stengel, General Counsel at Ally. "This program allows us to open doors and create opportunities for historically under-represented students to pursue these most noble of professions and make a difference in the communities where we live and work. Ally is proud to work closely with the CBCF in this mission and walk beside these impressive students as they advance their studies and careers."
Four Ally Legal Scholars will receive an annual $20,000 scholarship that will follow them through three years of law school. The two undergraduate Ally Public Policy Scholars will receive a one-year $10,000 scholarship. The six Ally Scholars in the 2022 cohort are:
"Increasing career pathways for diverse students, especially in fields where they are sorely underrepresented takes more than funding. It takes mentorship and long-term support to cultivate the next generation of Black leaders," said Nicole Austin-Hillery, President and CEO at CBCF. "Our relationship with Ally has enabled us to build upon educational advancement and career pipelines for students, giving them more access and offering solutions to address their needs."
In addition to their scholarship awards, the Ally Scholars will be matched with Ally legal and public policy professionals who will help guide them in their educational and professional pursuits. Mentorship groups will meet regularly based on individual student interests, needs and goals, ensuring a highly personalized approach. The mentors will provide support through formal meetings, out-of-classroom learning, and networking opportunities.
As part of the program, Ally Scholars will also have access to other young professionals and mentors within law firms, government offices, and both corporate and non-profit organizations.
"Building authentic and meaningful relationships with these students is the hallmark of our program," said Natasha I. Campbell, Sr. Director and Associate General Counsel at Ally. "We are there for them, not just financially, but in navigating through the challenges of legal and public policy environments. It's inspiring to see how passionate and focused they are, and it's a privilege to join them in their journey."
Applications for next year's Ally Financial Legal and Public Policy Scholarship will open in January 2023. More details can be found here: https://www.cbcfinc.org/programs/scholarships/
About Ally Financial
Ally Financial Inc. (NYSE: ALLY) is a digital financial services company committed to its promise to "Do It Right" for its consumer, commercial and corporate customers. Ally is composed of an industry-leading independent auto finance and insurance operation, an award-winning digital direct bank (Ally Bank, Member FDIC and Equal Housing Lender, which offers mortgage lending, point-of-sale personal lending, and a variety of deposit and other banking products), a consumer credit card business, a corporate finance business for equity sponsors and middle-market companies, and securities brokerage and investment advisory services. Our brand conviction is that we are all better off with an ally, and our focus is on helping our customers achieve their strongest financial well-being, a notion personalized to what is important to them. For more information, please visit www.ally.com and follow @allyfinancial.
For more information and disclosures about Ally,
visit https://www.ally.com/#disclosures.
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About the Congressional Black Caucus Foundation
Established in 1976, the Congressional Black Caucus Foundation, Inc. (CBCF) is a non-partisan, nonprofit, public policy, research and educational institute committed to advancing the global black community by developing leaders, informing policy, and educating the public. For more information, visit cbcfinc.org.
To receive updates on CBCF news, research, programs, and events, subscribe to receive the e-newsletter and follow @CBCFinc on Twitter and Instagram.
Contact:
Laurie Hurst
Ally Public Relations
media@ally.com
SOURCE Ally Financial

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