“We are proud to announce the launching of this scholarship program and our strategic alliance with XULA,” said David Brown, Chairman and CEO of Victory Capital. “Diverse and inclusive teams are proven to make better business decisions based on input from different perspectives. By taking action to promote equity and social mobility, we can advance students of color while building a more robust pipeline of high-quality candidates to fill future jobs in the financial industry.”

Through the newly introduced Victory Capital Scholars Program, $50,000 of direct financial support will be provided to XULA students for the 2021-2022 academic school year to pay expenses not covered by existing grants and awards. These “gap” scholarships will be awarded based on need and merit, with special consideration given to students in the Post-911 GI Bill’s Yellow Ribbon Program. Victory Capital’s Black Employee Resource and Military Employee Resource Groups will be instrumental in evaluating the applicants. Qualifying students include sophomores, juniors, and seniors with preference going to those with a declared major or minor in Business or Finance.

In addition, Victory Capital has agreed to provide $50,000 in funding to launch an Investment Club at XULA. The proceeds will be used to seed an investment portfolio managed by students, providing hands-on experiential learning opportunities.

“Xavier is grateful for the support that Victory Capital is providing for our students,” said Dr. Reynold Verret, President of Xavier University of Louisiana. “With their diverse holdings and forward-thinking business model, Xavierites interested in finance, management, and business leadership could learn a lot from their experiences. Victory Capital’s investment in the talented young women and men of our institution allows for the opportunity of our students to explore new avenues of growth and achievement.”