Texas Instruments Inc. (NASDAQ:TXN) has announced that its philanthropic arm is committing a sum of $5.4 million in 2016 toward the improvement of education from kindergarten to 12th grade science, technology, engineering and math (STEM).
The Texas Instruments Foundation will be distributing the grants under its Power of STEM Education program to educators and nonprofit partners located in targeted communities throughout the U.S. where the company has a major manufacturing or design presence. The foundation gives special emphasis to those programs that are targeted toward female and minority students for careers in engineering.
Beneficiaries
Here are the details of the beneficiaries:
Southern Methodist University: The foundation granted a total sum of $1.7 million to this University for providing training to up to 216 middle school science teachers in Dallas Independent School District (ISD). This four-year program will commence during the summer of 2017.
Teach for America: A sum of $1.3 million has been allotted for the Teach for America cause. Under this program, 60 science and math teachers will be supported in Dallas ISD and Uplift Education schools.
National Math and Science Initiative: An amount of $1.1 million has been allotted to this cause, which aims at training teachers for Advanced Placement courses and providing assistance to students through study sessions and monetary rewards.
Apart from these, many other institutes who have an emphasis toward STEM will benefit as well.
At present, Texas Instruments has a Zacks Rank #2 (Buy).
Some better-ranked stocks in the broader technology space are LinkedIn Corporation (NYSE:LNKD) , Facebook, Inc. (NASDAQ:FB) and Adobe Systems Incorporated (NASDAQ:ADBE) , each sporting a Zacks Rank #1 (Strong Buy).
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TEXAS INSTRS (TXN): Free Stock Analysis Report
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