MGM Resorts Focuses on the Future with Reinstated Scholarship Program for Children of Employees
January 31, 2019
MGM Resorts International has re-established its MGM Resorts Scholarship Program for Children of Employees with an initial gift of $1 million.
Offering scholarships up to $2,500 to selected children of MGM Resorts’ full-time domestic employees (excluding executives) through a highly competitive application process, this philanthropic program is intended to help high school graduates increase their access to post-secondary opportunities, including universities, community colleges and recognized certification programs.
Although the scholarships will be funded by MGM Resorts, the program will be entirely managed and administered by The Public Education Foundation (PEF), a Las Vegas-based nonprofit.
Applications are being accepted now through April, with the first scholarship to be awarded in May. Applicants will be selected based on criteria including primary financial need and high school academic performance, according to MGM officials.
“Our MGM Resorts Scholarship Program for Children of Employees represents another expression of our commitment to the success of our employees and their families,” said Jim Murren, company chairman and CEO. “When we assist the college education or vocational training of our employees’ children, as provided by this program, we invest in the development of the workforces of our communities, their stability and growth.”
MGM Resorts’ support of education, job readiness and workforce development in the communities in which they operate is a hallmark of the company’s corporate social responsibility philosophy, he added.
According to MGM Resorts officials, whether the applicants’ education path leads to a four- or two-year degree program, or a vocational program certification meeting PEF standards, this scholarship will be available to selected applicants for a maximum of four years, as long as they remain enrolled and in good academic standing.
While simply applying to this program will not guarantee funding for eligible children of MGM employees, all applicants will be able to obtain information about other scholarship opportunities through PEF, which oversees hundreds of scholarship funds and will serve as a resource for these students.
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Partner Voices
MGM Resorts is committed to fostering an inclusive and diverse culture, not just among employees and guests but also within its supply chain. The company prioritizes procuring goods and services from businesses owned by minorities, women, veterans, people with disabilities, LGBTQ individuals and those facing economic disadvantages. This commitment is integral to MGM Resorts' global procurement strategy.
Through its voluntary supplier diversity program, MGM Resorts actively identifies and connects certified diverse-owned suppliers to opportunities within its supply chain. The company is on track to spend at least 15% of its biddable procurement with diverse-owned businesses by 2025, demonstrating that supplier diversity is not only a social responsibility but also a strategic business imperative.
Supplier diversity isn’t just the right thing to do – it’s good for business. A diverse supply chain allows access to a broader range of perspectives and experience, helping to drive innovation, entrepreneurship and resilience, while strengthening communities. At MGM Resorts, engaging diverse suppliers ensures best-in-class experiences for guests and clients. Supplier diversity ensures a more resilient supply chain while supporting economic development in the communities in which it operates.
The impact of MGM Resorts' supplier diversity initiatives is significant. In 2023, these efforts supported over 3,500 jobs across more than 30 states, contributed over $214 million in income for diverse-owned businesses and generated more than $62 million in tax revenue. The story extends beyond the numbers – it reflects the tangible benefits brought to small and diverse-owned businesses, fostering economic empowerment in their communities.
MGM Resorts also supports the development and business skills of diverse-owned businesses through investment, mentorship and education. Through the MGM Resorts Supplier Diversity Mentorship Program, the company identifies, mentors and develops diverse-owned businesses to fill its future pipeline, while providing businesses with tools and resources to empower and uplift. Since 2017, the program has successfully graduated 105 diverse-owned businesses and is on track to achieve its goal of 150 graduates by 2025.
MGM Resorts’ commitment to supplier diversity not only enhances its business operations but also plays a crucial role in uplifting communities and fostering economic development. This approach reinforces the idea that diversity is a powerful driver of innovation and resilience, benefiting both the company and the wider community.
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