DALLAS May 7, 2007 Kimberly-Clark Corporation [NYSE: KMB] announced today 78 scholarship recipients of the 2007 Kimberly-Clark Foundation's Bright Futures Scholarship Program. This year, K-C provided college scholarships totaling more than $1.5 million.
Established in 1993, the Bright Futures Scholarship Program awards college scholarships to children of Kimberly-Clark employees in the United States and Canada who have distinguished themselves as academic leaders within their schools and as top all-around contributors to their community. In addition to their GPA, Bright Futures winners are selected based on criteria including:
- Demonstrated leadership in school and community activities
- Honors
- Work performance
- Additional extracurricular activities
Each grant is worth up to $20,000 ($5,000 per year for up to four years) for full-time students studying at accredited colleges and universities. Since its inception, in 1993, the Kimberly-Clark program has distributed more than $27 million in higher education scholarships to almost 1,370 students.
"The Bright Future Scholarship Program was designed to further the education of students who demonstrate the potential to become the next generation of leaders in our communities," said Thomas J. Falk, chairman and CEO of Kimberly-Clark. "Through the scholarship program, Kimberly-Clark salutes the accomplishments of these capable and caring young citizens."
In 2007, the Foundation received 313 applications and awarded 78 scholarships to students in 16 states and Canada. The average GPA for this year's scholarship class is 3.93, and recipients will attend such top colleges as Princeton University, Brown University, Northwestern University, University of Notre Dame and The Citadel.
About the Kimberly-Clark Foundation
The Kimberly-Clark Foundation, established in 1952, carries out the company's philosophy of charitable giving, which is based on its promise to be a good employer, a good neighbor, and to support causes that strengthen the world's families. For more information on K-C's charitable activities, visit:
http://www.kimberly-clark.com/aboutus/community_involvement.aspx.
About Kimberly-Clark
Kimberly-Clark and its well-known global brands are an indispensable part of life for people in more than 150 countries. Every day, 1.3 billion people--nearly a quarter of the world's population--trust K-C's brands and the solutions they provide to enhance their health, hygiene and well being. With brands such as Kleenex, Scott, Huggies, Pull-Ups, Kotex and Depend, Kimberly-Clark holds the No. 1 or No. 2 share position in more than 80 countries. To keep up with the latest K-C news and to learn more about the company's 135-year history of innovation, visit http://www.kimberly-clark.com.
