Image of Tenaya Middle school via Fresno Unified School District Facebook page.
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The Foundation for Fresno Unified Schools has selected PNC Bank to provide investment advisory services for the school district’s scholarship fund for high school seniors.
“We are excited to work with PNC to expand our scholarship program,” said Wendy McCulley, office of engagement and external partnerships for Fresno Unified School District. “These scholarships enable Fresno Unified graduates to help pay for their college or technical education if they lack the financial resources to do so.”
Fresno Unified is California’s third-largest school district. To date, the FUSD Foundation Scholarship Fund has awarded more than $1.5 million in grants to deserving students. The fund received a significant boost last year when philanthropist MacKenzie Scott donated $20 million to the foundation.
“As we move into this exciting new phase with our scholarship program, and all that it means for our students, we look forward to working with PNC and the expertise they will provide,” said Superintendent Bob Nelson.
PNC — based in Pittsburgh — has had a presence in Northern California for two decades. The bank opened an office of the regional president in San Francisco last year as part of a larger coast-to-coast expansion. PNC is now also the foundation’s bank.
PNC is one of the largest diversified financial services institutions in the United States.