Borders Group, Inc. Announces Scholarship Winners.Business Editors, Education & Publishing Writers ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--Aug. 30, 2002 Borders Group, Inc. (NYSE NYSE See: New York Stock Exchange :BGP (Border Gateway Protocol) The routing protocol that is used to span autonomous systems on the Internet. It is a robust, sophisticated and scalable protocol that was developed by the Internet Engineering Task Force (IETF). ) today announced 16 recipients of the first annual Borders Group Foundation Scholarship. The Foundation, a not-for-profit organization funded by the company and its employees to provide financial aid to fellow employees in times of need, awarded scholarships to each student in the amount of $1,000. The money will help cover the costs of the students' continued education and will apply to the 2002-2003 academic year. Recipients were selected based upon prior academic success, leadership capabilities, participation in school and community activities, work experience, a statement of career aspirations and unusual personal or family circumstances. "Presenting scholarships to the 16 outstanding recipients is a real pleasure," said Christina Warren, administrator of the Borders Group Foundation. "Borders Group attracts employees who are highly creative and intelligent; we look forward to watching these exceptional students thrive as they pursue their educational goals." All regular full-time or part-time Borders Group U.S. employees who have been employed by the company for at least two consecutive years; acquired at least 15 hours of undergraduate or vocational credits; maintained a GPA GPA abbr. grade point average Noun 1. GPA - a measure of a student's academic achievement at a college or university; calculated by dividing the total number of grade points received by the total number attempted of 3.0 (on a 4.0 scale) or higher; and are currently enrolled in an undergraduate or graduate course of study at an accredited accredited recognition by an appropriate authority that the performance of a particular institution has satisfied a prestated set of criteria. accredited herds cattle herds which have achieved a low level of reactors to, e.g. school were eligible. The Borders Group Foundation is a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. that was established in 1996 to assist employees and their families in times of need: relief from natural disasters, loss due to fire, a family medical emergency, etc. The company is the largest single donor to the Foundation, matching 50 cents on the dollar for every employee contribution; 100% of all donations go directly to assisting Borders employees. The Foundation's scholarship program is administered by Scholarship Management Services, a division of Citizen's Scholarship Foundation of America (CSFA CSFA Citizens' Scholarship Foundation of America CSFA Center for the Study of the First Americans (College Station, TX) CSFA California School Finance Authority CSFA California State Floral Association ). CSFA is a national non-profit educational support and student aid service organization that seeks to expand education opportunities and encourage educational achievement. Borders Group, Inc., (NYSE:BGP) is a leading global retailer of books, music, video and other information and entertainment items with stores in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom, Australia, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. , Singapore, and the commonwealth of Puerto Rico. A FORTUNE 500 company headquartered in Ann Arbor, Mich., Borders Group employs 32,000 worldwide and operates over 375 Borders domestic superstores, 23 international Borders stores, 36 Books etc. locations and approximately 810 Waldenbooks stores. Teamed with Amazon.com, the company also offers online shopping through Borders.com (www.borders.com). More detailed information for journalists is available at www.bgimediacenter.com. Financial data is hosted on www.bordersgroupinc.com and information on Borders stores is available through www.bordersstores.com. NOTE TO EDITOR: A list of the 16 Borders Group Foundation scholarship winners is available upon request. |
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