FOR IMMEDIATE RELEASE
HSF: Lilia Santiago, Lilias@hsf.net (415) 808-2320
Gabriel Reyes, Gabriel@reyesentertainment.com (512) 686-1488
Toyota: Kathy Mota , Kathy_Mota@toyota.com (310) 468-6919
THE HISPANIC SCHOLARSHIP FUND TO BRING JOBS AND EDUCATION OPPORTUNITES
TO SOUTHERN CALIFORNIA
With support from Toyota, HSF will move its headquarters to Los Angeles this fall
LOS ANGELES (May 14, 2012) — The Hispanic Scholarship Fund (HSF), the leading provider of college scholarships to Hispanics across the country, will move its national headquarters to Southern California this fall it was announced by HSF President and CEO Frank Alvarez.
The new HSF office will be located in Gardena, where office space was generously discounted by Toyota to help defray overhead costs. Toyota’s donation will save HSF an estimated $5 million over the ensuing ten years. HSF expects to be fully operational in their new offices by October.
“Our board considered several Hispanic cities before deciding to make this strategic move to the nation’s largest Latino market,” said Alvarez. “Los Angeles is the epicenter of all things Latino and having more immediate access to a large professional workforce, to media and corporate support will greatly benefit our mission to help at least one member of every Latino family in the U.S. to achieve a college education. We want to thank Toyota for their ongoing support of HSF and particularly for their generous donation of this office space.”
Since it was established in 1975, HSF has been based in the San Francisco Bay area and has awarded over $360 million to over 53000 Hispanic college students across the United States. Over this same time period, HSF has awarded over $57 million to 8,200 Southern California Latinos, making the region the highest recipient of HSF scholarships.
“On behalf of Toyota Motor Sales USA, Inc. (TMS), I’d like to be among the first to welcome HSF to Los Angeles,” said Anthony Salcido, Vice President, North American Financial Integration of Toyota Motor Sales, USA, Inc. “Having HSF staff located here will help support its mission to make higher education available and accessible to every Hispanic household in Los Angeles and around the country.”
Toyota will hold an open house in the fall to welcome HSF staff to their new offices. More details will be announced in a separate press release. The new HSF address will be: 1411 West 190th Street, Gardena, CA 90248.
For more information, please visit www.hsf.net.
About the Hispanic Scholarship Fund
Founded in 1975, the Hispanic Scholarship Fund believes that the country prospers when all Americans have access to the opportunities a college education can afford. As the nation’s leading Hispanic higher education fund, HSF works to address the barriers that keep many Latinos from earning a college degree. To date, HSF has awarded over $360 million in scholarships and has supported a broad range of outreach and education programs to help students and their families navigate collegiate life, from gaining admission and securing financial aid to finding employment after graduation. HSF has created Generation 1st Degree, a program that envisions a future where every Latino household will have at least one college graduate, creating an enduring impact on the college outlook of Latino families nationwide, and strengthening the American economy for generations to come. For more information about the Hispanic Scholarship Fund please visit: www.HSF.net.
Toyota (NYSE: TM) established operations in the United States in 1957 and currently operates 10 manufacturing plants in eight states. There are nearly 1,500 Toyota, Lexus and Scion dealerships in the U.S. which sold more than 1.64 million vehicles in 2011. Toyota directly employs nearly 30,000 people in the U.S. and its investment here is currently valued at more than $18 billion, including sales and manufacturing operations, research and development, financial services and design facilities. Toyota's annual purchasing of parts, materials, goods and services from U.S. suppliers totals more than $25 billion.
Toyota is deeply committed to being a great community partner and is focused on supporting programs in ways that achieve long-term sustainable results. Toyota supports numerous organizations across the country, with a particular concentration on education, the environment and safety. Since 1991, Toyota has contributed more than half a billion dollars to philanthropic programs across the U.S.
For more information on Toyota, please visit www.toyota.com/community.