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Hampton, Va., Dec. 09, 2022 (GLOBE NEWSWIRE) -- HAMPTON, Va. (Dec. 9, 2022) – Today, Hampton University James T. George School of Business announced its continued partnership with Prudential Financial and PGIM, Prudential’s global asset management business, through renaming the school’s main lecture hall, previously known as Buckman Room 101, in honor of the late former Dean Dr. Sid Howard Credle. Hampton commemorated the dedication with a ceremony at the newly renamed Dr. Sid H. Credle Hall. These activities are part of Prudential and PGIM’s significant commitment to Historically Black Colleges and Universities (HBCUs). The partnership with Prudential, which began in 2010 with a $1 million pledge, paves the way for continued and deepened collaboration in the future.
“On behalf of the Hampton University community, I would like to thank Prudential for their unwavering support of our students,” said Darrell K. Williams, Hampton University President. “I am proud to see Hampton and Prudential continuing to collaborate and explore new, bold, comprehensive approaches to enabling our students to become the next generation of outstanding business professionals. I believe that Hampton’s commitment to preparing our nation’s future leaders combined with Prudential’s commitment to investing in our students will cultivate and mobilize the business leaders and community partners of the future.
Hampton University’s partnership with Prudential and PGIM will enhance the ability of both institutions to impact more than 500 students in the School of Business through networking and job opportunities, as well as provide access to real-world experiences, skill-building, and other educational resources. Prudential’s support will also include a guest lecture series featuring senior Prudential leadership and a customized fellowship program, consisting of a $10,000 college scholarship, a mentor from Prudential, and access to workshops and private events. In addition to having previously funded Bloomberg terminal licenses for students, PGIM’s partnership will leverage its investment management expertise to engage directly with students and professors to bolster their investments and finance coursework. It will support student programs to increase access and exposure to the investment management industry through the PGIM HBCU Strategic Initiatives program.
“Prudential Financial is a long-time supporter of HBCUs, and Hampton is one of our strongest partners,” said Shané Harris, president of The Prudential Foundation. “This announcement furthers support of education and career pathways of Black students to achieve financial prosperity and close the racial wealth gap.”
HBCUs have played a pivotal role in advancing the economic mobility of Black Americans for more than 150 years. Prudential and PGIM’s partnership with Hampton University builds the capacity of HBCUs to support not only its students but the broader community by reducing financial burdens on students and helping to remove structural barriers to Black economic empowerment. While HBCUs represent only three percent of colleges and universities in the U.S., they confer 20 percent of all bachelor’s degrees awarded to Black students. Correspondingly, 53 percent of HBCU students move into higher income brackets – while only 35 percent of peers at White institutions experience the same. HBCUs also disproportionally serve low-income students, and over 52 percent of HBCU students are first-generation college students.
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About Hampton University
Hampton University is a comprehensive institution of higher education. For more than 150 years, it has been dedicated to the promotion of learning, building of character and preparation of promising students for positions of leadership and service. It emphasizes a scientific and professional curriculum with a strong liberal arts undergirding. In carrying out its mission, the University requires that everything that it does be of the highest quality. A historically black institution, Hampton University is committed to multiculturalism. The University serves students from diverse national, cultural and economic backgrounds. Research and public service are integral parts of Hampton’s mission. In order to enhance scholarship and discovery, the faculty is engaged in writing, research, and grantsmanship. In achieving its mission, Hampton University offers exemplary programs and opportunities which enable students, faculty and staff to grow, develop and contribute to our society in a productive and useful manner. Visit www.hamptonu.edu.
About Prudential Financial
Prudential Financial, Inc. (NYSE: PRU), a global financial services leader and premier active global investment manager with more than $1.3 trillion in assets under management as of September 30, 2022, has operations in the United States, Asia, Europe, and Latin America. Prudential’s diverse and talented employees help make lives better by creating financial opportunity for more people by expanding access to investing, insurance, and retirement security. Prudential's iconic Rock symbol has stood for strength, stability, expertise, and innovation for more than a century. For more information, please visit news.prudential.com.
About PGIM
PGIM is the global asset management business of Prudential Financial, Inc. (NYSE: PRU), a leading global investment manager with more than $1.4 trillion in assets under management as of March 31, 2022. With offices in 17 countries, PGIM’s businesses offer a range of investment solutions for retail and institutional investors around the world across a broad range of asset classes, including public fixed income, private fixed income, fundamental equity, quantitative equity, real estate and alternatives. For more information about PGIM, visit pgim.com.
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Matthew White Hampton University 757-727-5253 matthew.white@hamptonu.edu