Carmelo Anthony, Chris Paul and Dwyane Wade Launch $10,000 Social Change Fund United Scholarship on Bold.org

In honor of Mental Health Awareness Month, NBA stars create scholarship on Bold.org for Black students

May 17, 2021

SAN FRANCISCO (MAY 17, 2021) – Bold.org, the scholarship platform committed to fighting student debt through philanthropy, continues its Year of Giving Campaign with a new $10,000 scholarship. For May, Bold.org partners with the Social Change Fund United, founded by NBA stars Carmelo Anthony, Chris Paul, and Dwyane Wade. The $10,000 Social Change Fund United Scholarship will be awarded to two Black students who are currently studying or plan to study mental health care or a related field. Each student will be awarded $5,000.

Social Change Fund United was created in 2020 by philanthropists, entrepreneurs, and NBA superstars Carmelo Anthony, Chris Paul, and Dwyane Wade to support critical issues impacting the Black community. Through its partnerships and investments, the organization advocates for indigenous people and communities of color through the lens of policy solutions, community representation, and narrative change. The $10,000 Social Change Fund United Scholarship continues its efforts by supporting Black students pursuing a career in mental health.

Today, only one in three Black Americans receive the mental health care that they need, despite a large number of Black Americans reporting persistent symptoms of emotional distress. As a result, Black professionals in mental healthcare are highly underrepresented. Per the American Psychology Association, 86% of therapists in the U.S. workforce were white, 5% Asian, 5% Hispanic and only 4% were Black. The Social Change Fund United Scholarship is yet another step toward healing generational trauma and overcoming barriers that prevent the Black community from receiving mental health care and pursuing an education.

NBA Star, Chris Paul, says: “On behalf of my brothers, Dwyane and Carmelo, we are excited to partner with bold.org to offer two scholarships for Black students aspiring to be mental health professionals in honor of Mental Health Awareness Month. We need more professionals in this space that look like us in order to continue to break the stigmas around mental health in the Black community. Through the work the Social Change Fund United does, we are committed to contributing to changing the narrative.”

Bold.org CEO and Founder, Dror Liebenthal, says: "In recognition of Mental Health Awareness Month, Bold.org is so proud to partner with Social Change Fund United to support Black students who will grow into future mental health professionals. We’re honored to work with Carmelo, Chris, and Dwyane to advocate for the importance of mental health care in Black communities.”

The Year of Giving Campaign kicked off in January 2021, an initiative to create $10,000 scholarships each month alongside impact-focused public figures and brands. Previous campaign partners include EDM producer and DJ 3LAU, NFL Wide Receiver JuJu Smith-Schuster, NASCAR driver Bubba Wallace, Grammy-winning band Imagine Dragons, and professional MMA fighter Cat Zingano. At the end of the year, the campaign will launch Bold.org’s largest scholarship yet for $100,000. To join Bold.org in fighting America’s student debt crisis, donors can create their own custom scholarship by creating a profile at www.bold.org.


SCHOLARSHIP INFORMATION
Social Change Fund United Scholarship

PRESS CONTACT
Amanda Howard
PR@bold.org

ABOUT BOLD.ORG
Bold.org is an organization committed to eliminating student debt and democratizing philanthropy. Founded in November 2019, Bold.org bravely embarks on a journey to relieve the country's soaring $1.8 trillion student debt crisis. Bold.org provides a platform for any person or company to create personalized scholarships, fellowships or grants. Financially backed by Mechanism Ventures, Bold.org pioneers a new industry by creating an innovative and philanthropic solution to combat the student debt crisis, which has tremendously impacted 44 million Americans to date.

ABOUT THE SOCIAL CHANGE FUND UNITED
The Social Change Fund United, founded by Carmelo Anthony, Chris Paul, and Dwyane Wade, was established to invest in and support organizations focused on empowering communities of color and advocating for the human rights of all Black lives through the lens of policy solutions, community representation and narrative change. Since launch, the Social Change Fund United has supported critical and timely issues impacting the Black community including ending police brutality and championing criminal justice reform, economic equity, and voting and civic engagement. All donations are tax-deductible through the Social Change Fund United’s 501(c)(3) fiscal sponsor, the Entertainment Industry Foundation (EIF). EIF is a Charity Navigator Four-Star Charity that meets all 20 Better Business Bureau charity standards and carries the GuideStar Platinum Seal of Transparency.