H-E-B’s chairman and CEO Charles Butt has pledged $50 million for the fund, adding to his previous major philanthropy for public education in the state.
These new scholarships will support hundreds of future teachers at ten different universities around Texas, including Rice and the University of Houston. They could receive an estimated $5 million each.
To receive the scholarships, Rice and UH students must be enrolled in their universities full time, participate in professional development programs and commit to staying in Texas to teach in high-need public schools after graduation.
The grant money will also bolster a future teachers club at Rice and will allow UH to hire more faculty members who will coach undergraduates on teaching, administrators at the universities say.