HSBC’s partnership with SFEPD is managed by the HSBC Center for Consumer Advocacy, which was established in 2003 to direct the company’s financial education and housing programs and its community outreach initiatives.

“The Society for Financial Education and Professional Development and HSBC should be applauded for empowering young consumers with the tools they need to be fiscally fit and fiscally confident, and for ensuring that their efforts reach a diverse audience,” says Dr. John A. Wheatland, director of freshman programs at Morgan State University in Maryland. “With many Americans expressing increasing discomfort about their future credit situation, partnerships like this one between private businesses, nonprofits and universities will go far in helping young people manage their money and reach their potential.”

HSBC’s support also includes a two-year, $200,000 commitment to fund scholarships and financial education at historically Black Bennett College for Women in Greensboro, N.C.

Through the HSBC/UNCF Corporate Scholars Program, a four-year, multimillion-dollar initiative launched in 2001, HSBC offers scholarships and internship opportunities to outstanding minority students majoring in accounting, business, computer science, economics, finance,
human resources, marketing and mathematics. Through the program, administered by the United Negro College Fund, HSBC has employed 29 interns since summer 2002 and contributed more than $2 million. HSBC employees raised an additional $287,000 through a workplace giving campaign in 2004, making HSBC one of UNCF’s largest contributors.

HSBC also has granted $800,000 to the Hispanic Scholarship Fund in a multi-year commitment to fund scholarship opportunities and the organization’s newsletter.