FLINT, Mich., Aug. 23, 2017 /PRNewswire/ -- Tom Gores and
Consumers Energy President and CEO Patti Poppe announced today a $2
million commitment to help fund the creation of a Flint Promise scholarship program. The new privately funded scholarship
has a goal to launch for the 2018-2019 school year.
The funding commitment comprises a $1 million personal pledge from Mr. Gores, who is Chairman
and CEO of investment firm Platinum Equity and owner of the Detroit Pistons, and a $1 million grant
from the Consumers Energy Foundation.
The personal commitment from Mr. Gores marks the latest initiative under his FlintNOW campaign, a $10
million pledge to support a broad range of programs focused on relief and revitalization in his hometown of Flint.
"I am grateful to the Consumers Energy Foundation for joining us in this effort to provide every kid in Flint with the promise of a chance to go to college," said Mr. Gores. "I grew up in Flint, went to school here and appreciate the power of education to transform people's lives and revitalize
a community. Every student who works hard deserves a chance to earn a college degree. We want to give those kids and their
families a reason to dream and provide them the resources to make those dreams come true."
Consumers Energy CEO Patti Poppe said the Foundation's support for the Flint Promise is a
reflection of Consumer Energy's commitment to the communities where it does business.
"Our investment in Flint and the education of our future workforce aligns perfectly with our
commitment to the people of Michigan," said Mrs. Poppe. "Flint has started a remarkable comeback from recent challenges, and we see our contribution as a down
payment on a bright future for a community that we are proud to serve."
Community Foundation of Greater Flint President and CEO Isaiah Oliver said the Flint Promise is
a locally driven initiative designed to offer Flint students more
opportunities for post-secondary education.
"We've been seeking input from a diverse group of local stakeholders to help design a program that
will meet the needs of Flint students," said Oliver. "Mr. Gores and his team were an early
catalyst in that effort. Combined with support from Consumers Energy, the Flint Promise is a generous commitment
to young people in our community."
The Flint Promise will be a collaborative community-based effort led by a coalition of local Flint and Genesee County educators and philanthropic organizations. The
Community Foundation of Greater Flint is helping spearhead the initiative with input from a
stakeholder group that includes: Crim Fitness Foundation, Flint Community Schools, Flint &
Genesee Chamber of Commerce, FlintNOW Foundation, Genesee Intermediate School District, Hagerman
Foundation, Kettering University, Mott Community College, United Way of Genesee County and University of Michigan – Flint.
Mr. Oliver said the group has been working on plans for the Flint Promise for more than a year with a goal of making funds
available to High School students in the graduating class of 2018. Many features of the scholarship are still yet to be
determined, including specifically which High Schools' graduates will be eligible, what post-secondary institutions will
initially participate, what support services will be included and many other elements. Those details are expected to be
determined and announced in the weeks ahead.
"We still have a lot of work to do, but this commitment from the Gores family and the Consumers Energy Foundation ensures that
Flint students will have an opportunity many didn't think possible," said Mr. Oliver. "It's an
investment in Flint's future and a vote of confidence in our children. It will also make our
community even more attractive for additional investment."
Mr. Gores' interest in a Promise scholarship program dates back to 2015 when he partnered with Magic Johnson on a $1 million campaign for the Lansing Promise. Mr. Gores said at the time he would like to see a similar program
created in Flint and later made creating the Flint Promise a top priority of his FlintNOW
campaign. Today's announcement brings that goal an important step closer to reality.
"I believe in Flint and I encourage people to follow the lead of Consumers Energy and the
countless others that have donated their time and money to ensuring a brighter future for kids in this community," Mr. Gores
said.
In the last five years, Consumers Energy, Consumers Energy employees and retirees and the Consumers Energy Foundation have
contributed more than $840,000 to Genesee County nonprofit
organizations. The grant is the largest in the foundation's history.
"Flint is one of our hometowns and the residents are Consumers Energy's employees, family
members, friends and neighbors. We have proudly served this community for 130 years and we continue with our promise to our
community and the young people here," Mrs. Poppe said.
The Consumers Energy Foundation provides grants and mobilizes volunteers to strengthen local education, social services, the
environment and community, economic and cultural development.
Consumers Energy, Michigan's largest utility, is the principal subsidiary of CMS Energy
(NYSE: CMS), providing natural gas and electricity to 6.7 million of the state's 10 million residents in all 68 Lower Peninsula
counties.
The FlintNOW Foundation (www.FlintNOW.org) was created
by Tom Gores to provide private sector support for immediate relief efforts during the water
crisis in Flint, Michigan, and for long-term programs focused on economic development, nutrition
and health care for residents of the city. FlintNOW partnerships include a $25 million economic
development program launched with Huntington Bank, a healthy foods initiative created with the National Basketball Players
Association, and numerous campaigns that have provided millions of dollars in support to local Flint charitable organizations.
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SOURCE Consumers Energy