Tag: PR Newswire

–  2026 Kia Sportage Hybrid has a starting MSRP of $30,290¹
–  Standard and X-Line models blend comfort and functionality
–  Styling enhancements further elevate the Sportage Hybrid’s distinctly modern and sleek design
–  Robust suite of advanced driver assistance systems (ADAS)² include available Highway Drive Assist 2 with Lane Change Assist technology³

IRVINE, Calif., July 30, 2025 /PRNewswire/ — Today, Kia America announced pricing on the 2026 Sportage Hybrid. This year’s Sportage HEV features exterior design enhancements accompanied by upgraded interior technology, providing users with greater functionality across the board.

The 2026 Sportage HEV provides an updated appearance with modernized front and rear bumper designs, a unique front grill design and eye-catching black trim. Aside from its attractive outer appearance, the Sportage HEV continues to blend dynamism and strength.

A Cabin Aimed at Connectivity, Comfort and Convenience

Accompanying the confident and rugged exterior, the cutting-edge interior boasts an available 12.3-in Digital TFT Cluster + 12.3-in. ccNC Navigation, an available head-up display (HUD)⁴ and multiple standard USB accessibility points. Sleek accent trim with reduced smudging, ambient lighting design and available SynTex seating creates a premium space with enhanced technology and state-of-the-art comfort.

Available interior technology includes:

• Connected Car Navigation Cockpit (ccNC): Standard 12.3-in. ccNC Lite + OTA w/ wireless Apple CarPlay⁵ and Android Auto⁶
• Digital Key 2.0⁷: Allows for keyless entry and lets you share your keys virtually with family & friends through the Kia Access app
• Head-up Display⁴: 10-in. display projects ADAS, vehicle information, and turn-by-turn directions for navigation

Advanced Driver Assistance Systems²

The 2026 Sportage HEV provides advanced technology to help keep drivers alert when operating the vehicle:

• Forward Collision Avoidance Assist: Auto Emergency Braking with Pedestrian, Cyclist, and Car Detection uses sensors and camera to scan the road ahead for potential hazards and is designed to automatically apply brakes when a potential collision is detected.
• Standard Front & Rear Parking Distance Warning: Parking feature that is designed to detect obstacles and pedestrians in front and rear.
• Hands-On Detection: Using capacitive touch sensor that detects the driver’s hands on the steering wheel, it issues a warning if it’s not detecting the driver’s hands touching the steering wheel.

Additionally, available driver assistance technology can be included in the 2026 Sportage HEV.

• Forward Collision Avoidance Assist 2: Auto Emergency Braking w/ Pedestrian, Cyclist, and Car Detection uses sensors, camera, and navigation data. Assists w/ braking with oncoming vehicles at intersections and can assist w/ evasive steering when a potential collision is detected.
• Side Parking Distance Warning: Parking feature that is designed to detect obstacles on both sides.
• Highway Driving Assist 2⁸: Maintains a predetermined speed and distance from the vehicle detected ahead using sensors, camera and navigation data, assists w/ steering wheel control when changing lanes.

Hybrid Powertrain

The 2026 Sportage HEV powertrain is defined by:

• 1.6-liter turbo gasoline direct injection (GDI) and 47.7kW motor (revised system)
• 6-speed automatic transmission
• Standard FWD and AWD⁹ in available trims (S, EX, X-Line, X-Line Prestige)
• 232 horsepower est. (+5 HP over previous model year)
• 2000 lb. towing capacity¹⁰

Kia America – about us

Headquartered in Irvine, California, Kia America continues to top automotive quality surveys. Kia is recognized as one of the TIME World’s Most Sustainable Companies of 2024. Kia serves as the “Official Automotive Partner” of the NBA and WNBA and offers a range of gasoline, hybrid, plug-in hybrid, and electric vehicles sold through a network of nearly 800 dealers in the U.S., including several cars and SUVs proudly assembled in America*. 

For media information, including photography, visit www.kiamedia.com. To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert

* Select trims of the 2025 all-electric EV6 and EV9 all-electric three-row SUV, Sportage (excludes HEV and PHEV models), Sorento (excludes HEV and PHEV models), and Telluride are assembled in the United States from U.S. and globally sourced parts.

¹ MSRP excludes destination and handling, taxes, title, license fees, options and retailer charges.  Actual prices set by retailer and may vary.
² Advanced driver assistance systems are not substitutes for safe driving and may not detect all objects around the vehicle. Always drive safely and use caution.
³ Highway Driving Assist 2 is not a substitute for safe driving, may not detect all objects around the vehicle, and only functions on certain federal highways.  Always drive safely and use caution.
⁴ Failure to pay attention to travel conditions and vehicle operation could result in loss of vehicle control. Always drive safely and use caution.
⁵ Apple® and Apple CarPlay® are trademarks of Apple, Inc., registered in the U.S. and other countries. Apple CarPlay® runs on your smartphone cellular data service. Normal data rates may apply.
⁶ Vehicle user interface is a product of Google and its terms and privacy statements apply. Requires the Android Auto app on Google Play store and an Android compatible.
⁷ Kia Digital Key 2 Touch requires an eligible Kia Connect subscription and a compatible smart device with an active data plan. Normal cellular service rates may apply when using a smart device.
⁸ Distracted driving can result in the loss of vehicle control. When operating a vehicle, never use a vehicle system that takes your focus away from safe vehicle operation.
⁹ No system, no matter how advanced, can compensate for all driver error and/or driving conditions. Always drive safely.
¹⁰ Towing required additional equipment. See Owner’s Manual for towing capacity, additional instruction and warning. Always use caution while towing.

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SOURCE Kia America

DENVER, July 30, 2025 /PRNewswire/ — Antero Midstream Corporation (NYSE: AM) (“Antero Midstream” or the “Company”) today announced its second quarter 2025 financial and operating results. The relevant unaudited condensed consolidated financial statements are included in Antero Midstream’s Quarterly Report on Form 10-Q for the three months ended June 30, 2025.

Second Quarter 2025 Highlights:

• Low pressure gathering and processing volumes increased by 6% compared to the prior year quarter
• Net Income was $125 million, or $0.26 per diluted share, a 44% per share increase compared to the prior year quarter
• Adjusted Net Income was $138 million, or $0.29 per diluted share, a 26% per share increase compared to the prior year quarter (non-GAAP measure)
• Adjusted EBITDA was $284 million, an 11% increase compared to the prior year quarter (non-GAAP measure)
• Capital expenditures were $45 million, a 13% decrease compared to the prior year quarter
• Free Cash Flow after dividends was $82 million, an 89% increase compared to the prior year quarter (non-GAAP measure)
• Leverage was 2.8x as of June 30, 2025 (non-GAAP measure)

2025 Guidance Updates:

• Increasing net income, Adjusted Net Income and Adjusted EBITDA guidance by $10 million (non-GAAP measure)
• Decreasing interest expense, current income tax expense, and capital expenditures each by $5 million
• Increasing Free Cash Flow before and after dividends by $25 million (non-GAAP measure)

Paul Rady, Chairman and CEO said, “During the quarter Antero Midstream gathered 3.5 Bcf/d of production, which was a 6% increase year-over-year and a new company record. This growth coincides with the significant demand growth seen along the U.S. Gulf Coast LNG facilities over the last year. Looking ahead, we continue to see significant demand growth from Gulf Coast LNG facilities as well as natural gas fired power demand from data center growth in Appalachia. As the critical first link to delivering gas to LNG and power demand, Antero Midstream is well positioned for future growth opportunities.”

Brendan Krueger, CFO of Antero Midstream, said “The record gathering and processing volumes in the second quarter led to an 11% year-over-year increase in EBITDA, while capital expenditures declined by 13%. This capital efficiency drove an 89% increase in Free Cash Flow compared to the second quarter of 2024.”

Mr. Krueger continued, “Antero Midstream’s consistent Free Cash Flow generation has enabled the Company to reduce debt by approximately $170 million over the past year, including nearly $100 million year-to-date. This debt reduction, combined with double-digit year-over-year EBITDA growth resulted in leverage declining to 2.8x as of June 30, 2025. In addition to the debt reduction, Antero Midstream has purchased approximately $83 million of shares year-to-date through July 30, 2025.” 

For a discussion of the non-GAAP financial measures, including Adjusted EBITDA, Adjusted Net Income, Free Cash Flow before and after dividends and Leverage please see “Non-GAAP Financial Measures and Definitions.”

Share Repurchase Program

During the second quarter of 2025, Antero Midstream repurchased 1.0 million shares for $17 million. Antero Midstream had approximately $426 million of remaining capacity under its $500 million authorized share repurchase program as of June 30, 2025. During the quarter, Antero Midstream also purchased $9 million of shares related to satisfying tax withholding obligations incurred upon the vesting of equity awards. Year-to-date through June 30, 2025, total shares purchased under the share repurchase program and for tax withholding obligations have totaled 4.4 million shares at a weighted average price of $16.62 per share. In addition, July month-to-date the Company has repurchased 0.6 million shares for $11 million.

2025 Guidance Update

Antero Midstream is increasing its Net Income, Adjusted Net Income, and Adjusted EBITDA guidance. The company is decreasing its interest expense, capital expenditures, and current income tax guidance. These changes result in a $25 million increase in Free Cash Flow before and after dividends. 

The following is a summary of Antero Midstream’s updated 2025 guidance ($ in millions, except per share amounts):

2024 ESG Report

Antero Midstream published its 2024 ESG Report. This year’s report highlights the Company’s emissions reduction progress, increased water recycling rate, and continued commitment to safety across our operations. The report can be found at www.anteromidstream.com/esg.

Second Quarter 2025 Financial Results

Low pressure gathering volumes for the second quarter of 2025 averaged 3,460 MMcf/d, a 6% increase compared to the prior year quarter. Compression volumes for the second quarter of 2025 averaged 3,447 MMcf/d, a 6% increase compared to the second quarter of 2024. High pressure gathering volumes averaged 3,221 MMcf/d, an 8% increase compared to the prior year quarter. Fresh water delivery volumes averaged 98 MBbl/d during the quarter, a 21% increase compared to the second quarter of 2024. 

Gross processing volumes from the processing and fractionation joint venture (the “Joint Venture”) averaged 1,687 MMcf/d for the second quarter of 2025, a 6% increase compared to the prior year quarter. Joint Venture processing capacity was over 100% utilized during the quarter based on nameplate processing capacity of 1.6 Bcf/d. Gross Joint Venture fractionation volumes averaged 40 MBbl/d, in line with the prior year quarter. Joint Venture fractionation capacity was 100% utilized during the quarter based on nameplate fractionation capacity of 40 MBbl/d.

For the three months ended June 30, 2025, revenues were $305 million, comprised of $239 million from the Gathering and Processing segment and $66 million from the Water Handling segment, net of $18 million of amortization of customer relationships. Water Handling revenues include $35 million from wastewater handling and high rate water transfer services.

Direct operating expenses for the Gathering and Processing and Water Handling segments were $26 million and $37 million, respectively, for a total of $63 million. Water Handling operating expenses include $32 million from wastewater handling and high rate water transfer services. General and administrative expenses excluding equity-based compensation were $11 million during the second quarter of 2025. Total operating expenses during the second quarter of 2025 included $11 million of equity-based compensation expense and $33 million of depreciation expense.

Net Income was $125 million, or $0.26 per diluted share, a 44% per share increase compared to the prior year quarter. Net Income adjusted for amortization of customer relationships, loss on early extinguishment of debt, and loss on asset sale, net of tax effects of reconciling items, or Adjusted Net Income, was $138 million. Adjusted Net Income was $0.29 per diluted share, a 26% per share increase compared to the prior year quarter.

The following table reconciles Net Income to Adjusted Net Income (in thousands):

Adjusted EBITDA was $284 million, an 11% increase compared to the prior year quarter. Interest expense was $48 million, an 8% decrease compared to the prior year quarter, driven primarily by lower outstanding average total debt. Capital expenditures were $45 million, a 13% decrease compared to the second quarter of 2024. Current income tax expense was $2 million. Looking forward, the Company expects a reversal of substantially all of the cash paid for income taxes during the first half of the year. Free Cash Flow before dividends was $190 million, a 25% increase compared to the prior year quarter. Free Cash Flow after dividends was $82 million, an 89% increase compared to the prior year quarter.

The following table reconciles Net Income to Adjusted EBITDA and Free Cash Flow before and after dividends (in thousands):

The following table reconciles net cash provided by operating activities to Free Cash Flow before and after dividends (in thousands):

Second Quarter 2025 Operating Update

During the second quarter of 2025, Antero Midstream connected 18 wells to its gathering system and serviced 11 wells with its fresh water delivery system.  

Capital Investments

Capital expenditures were $45 million during the second quarter of 2025. The Company invested $22 million in gathering and compression, $20 million in water infrastructure and $3 million in the Stonewall Joint Venture. 

Conference Call

A conference call is scheduled on Thursday, July 31, 2025 at 10:00 am MT to discuss the financial and operational results. A brief Q&A session for security analysts will immediately follow the discussion of the results. To participate in the call, dial in at 877-407-9126 (U.S.), or 201-493-6751 (International) and reference “Antero Midstream.” A telephone replay of the call will be available until Thursday, August 7, 2025 at 10:00 am MT at 877-660-6853 (U.S.) or 201-612-7415 (International) using the conference ID: 13750399. To access the live webcast and view the related earnings conference call presentation, visit Antero Midstream’s website at www.anteromidstream.com. The webcast will be archived for replay until Thursday, August 7, 2025 at 10:00 am MT.

Presentation

An updated presentation will be posted to the Company’s website before the conference call. The presentation can be found at www.anteromidstream.com on the homepage. Information on the Company’s website does not constitute a portion of, and is not incorporated by reference into this press release.

Non-GAAP Financial Measures and Definitions

Antero Midstream uses certain non-GAAP financial measures. Antero Midstream defines Adjusted Net Income as Net Income adjusted for certain items. Antero Midstream uses Adjusted Net Income to assess the operating performance of its assets. Antero Midstream defines Adjusted EBITDA as Net Income adjusted for certain items.

Antero Midstream uses Adjusted EBITDA to assess:

• the financial performance of Antero Midstream’s assets, without regard to financing methods, capital structure or historical cost basis;
• its operating performance and return on capital as compared to other publicly traded companies in the midstream energy sector, without regard to financing or capital structure; and
• the viability of acquisitions and other capital expenditure projects.

Antero Midstream defines Free Cash Flow before dividends as Adjusted EBITDA less net interest expense, accrual-based capital expenditures, and current income tax expense. Capital expenditures include additions to gathering systems and facilities, additions to water handling systems, and investments in unconsolidated affiliates. Capital expenditures exclude acquisitions. Free Cash Flow after dividends is defined as Free Cash Flow before dividends less accrual-based dividends declared for the quarter. Antero Midstream uses Free Cash Flow before and after dividends as a performance metric to compare the cash generating performance of Antero Midstream from period to period.

Adjusted EBITDA, Adjusted Net Income, and Free Cash Flow before and after dividends are non-GAAP financial measures. The GAAP measure most directly comparable to these measures is Net Income. Such non-GAAP financial measures should not be considered as alternatives to the GAAP measures of Net Income and cash flows provided by (used in) operating activities. The presentations of such measures are not made in accordance with GAAP and have important limitations as analytical tools because they include some, but not all, items that affect Net Income and cash flows provided by operating activities. You should not consider any or all such measures in isolation or as a substitute for analyses of results as reported under GAAP. Antero Midstream’s definitions of such measures may not be comparable to similarly titled measures of other companies.

The following table reconciles cash paid for capital expenditures and accrued capital expenditures during the period (in thousands):

Antero Midstream defines Net Debt as consolidated total debt, excluding unamortized debt premiums and debt issuance costs, less cash and cash equivalents. Antero Midstream views Net Debt as an important indicator in evaluating Antero Midstream’s financial leverage. Antero Midstream defines Leverage as Net Debt divided by Adjusted EBITDA for the last twelve months. The GAAP measure most directly comparable to Net Debt is total debt, excluding unamortized debt premiums and debt issuance costs.

The following table reconciles consolidated total debt to Net Debt as used in this release (in thousands):

The following table reconciles Net Income to Adjusted EBITDA for the last twelve months ended June 30, 2025 (in thousands):

Antero Midstream has not included a reconciliation of Adjusted Net Income, Adjusted EBITDA and Free Cash Flow before and after dividends to the nearest GAAP financial measures for 2025 because it cannot do so without unreasonable effort and any attempt to do so would be inherently imprecise. Antero Midstream is able to forecast the following reconciling items between such measures and Net Income (in millions):

Antero Midstream Corporation is a Delaware corporation that owns, operates and develops midstream gathering, compression, processing and fractionation assets located in the Appalachian Basin, as well as integrated water assets that primarily service Antero Resources Corporation’s (NYSE: AR) (“Antero Resources”) properties.

This release includes “forward-looking statements.” Words such as “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” or “continue,” and similar expressions are used to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Such forward-looking statements are subject to a number of risks and uncertainties, many of which are not under Antero Midstream’s control. All statements, except for statements of historical fact, made in this release regarding activities, events or developments Antero Midstream expects, believes or anticipates will or may occur in the future, such as statements regarding our strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management, Antero Resources’ expected production and development plan, natural gas, NGLs and oil prices, Antero Midstream’s ability to realize the anticipated benefits of its investments in unconsolidated affiliates, Antero Midstream’s ability to execute its share repurchase and dividend program, Antero Midstream’s ability to execute its business strategy, impacts of geopolitical events, including the conflicts in Ukraine and in the Middle East, and world health events, information regarding long-term financial and operating outlooks for Antero Midstream and Antero Resources, information regarding Antero Resources’ expected future growth and its ability to meet its drilling and development plan and the participation level of Antero Resources’ drilling partner, the impact on demand for Antero Midstream’s services as a result of incremental production by Antero Resources, the impact of recently enacted legislation, and expectations regarding the amount and timing of litigation awards are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on management’s current beliefs, based on currently available information, as to the outcome and timing of future events. All forward-looking statements speak only as of the date of this release. Although Antero Midstream believes that the plans, intentions and expectations reflected in or suggested by the forward-looking statements are reasonable, there is no assurance that these plans, intentions or expectations will be achieved. Therefore, actual outcomes and results could materially differ from what is expressed, implied or forecast in such statements. Except as required by law, Antero Midstream expressly disclaims any obligation to and does not intend to publicly update or revise any forward-looking statements.

Antero Midstream cautions you that these forward-looking statements are subject to all of the risks and uncertainties incidental to our business, most of which are difficult to predict and many of which are beyond Antero Midstream’s control. These risks include, but are not limited to, commodity price volatility, inflation, supply chain or other disruptions, environmental risks, Antero Resources’ drilling and completion and other operating risks, regulatory changes or changes in law, the uncertainty inherent in projecting Antero Resources’ future rates of production, cash flows and access to capital, the timing of development expenditures, impacts of world health events, cybersecurity risks, the state of markets for, and availability of, verified quality carbon offsets and the other risks described under the heading “Risk Factors” in Antero Midstream’s Annual Report on Form 10-K for the year ended December 31, 2024.

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SOURCE Antero Midstream Corporation

• Hyundai E&C has successfully completed 22 nuclear projects to date with four additional ongoing projects
• Partnership to expedite timelines given Hyundai E&C’s experience and proven track record
• Signals Fermi America’s ability to deliver on audacious private grid plan

AMARILLO, Texas, July 30, 2025 /PRNewswire/ — Fermi America, in partnership with the Texas Tech University System, took a significant step today announcing it has entered into a memorandum of understanding (MOU) with South Korea’s Hyundai Engineering & Construction to plan and develop the nuclear component of what is designed to be the world’s largest, first-of-its kind private grid to power next-generation AI.

Hyundai E&C boasts an impressive track record, having built 18 reactors in Korea as well as four reactors at the Barakah Nuclear Power Plant in the United Arab Emirates. Two more reactors are currently under construction in Korea and two additional reactors are in the engineering phase in Bulgaria. The Barakah project stands as one of the most successful and timely international nuclear programs in recent history, delivering all four units safely, within budget, and ahead of global expectations.

The two companies signed the MOU in Seoul, South Korea, setting forth the material terms under which the parties will jointly design and execute the delivery of safe, clean new nuclear power within the world’s largest private grid project offering combined-cycle natural gas, grid power, solar power, and battery energy storage including data center infrastructure to deliver up to 11 GW of power.

This MOU provides for the joint planning of a nuclear-based hybrid energy project, development of a detailed business package by project stage, feasibility studies, basic design (FEED) and EPC projects.

“We couldn’t be more pleased to partner with the team at Hyundai E&C to power the future of AI,” stated Fermi America co-founder Toby Neugebauer. “America doesn’t have time to practice – we need to work with proven partners like Hyundai, who have a successful track record of planning and building safe, clean, new nuclear energy. Welcome to Texas!”

“We have been impressed by the executive team Fermi America has assembled, bringing together seasoned leaders in their respective fields,” said Hyundai E&C CEO Hanwoo Lee. “We are especially pleased to see familiar faces in nuclear leadership from one of the most successful recent new build projects, and we look forward to working together to bring this ambitious vision to life.”

On June 17th, Fermi America submitted its Combined Operating License Application (COLA) to build AP1000 nuclear units in the U.S. The application was accepted for review in record time. With Hyundai E&C on board, Fermi America plans to begin construction on the nuclear power complex next year and aims to have the first reactor operational by 2032.

For media inquiries, please contact:
Lexi Swearingen
Media@FermiAmerica.com

About Fermi America ™

Fermi America ™ is pioneering the development of next-generation electric grids that deliver highly redundant power at gigawatt scale, required to create next-generation artificial intelligence. Co-founded by former U.S. Energy Secretary Rick Perry, Fermi combines cutting-edge technology with a deep bench of proven world-class multi-disciplinary leaders to create the world’s largest, next-gen private grid. The behind-the-meter campus is expected to integrate the largest nuclear power complex in America, the nation’s biggest combined-cycle natural gas project, utility grid power, solar power, and battery energy storage, to deliver hyperscaler artificial intelligence.

About Hyundai Engineering & Construction

Hyundai E&C, founded in 1947, is one of Korea’s leading construction companies, with a strong track record in delivering major infrastructure and nuclear power projects worldwide. With experience constructing 26 nuclear power units globally, Hyundai E&C has established itself as a trusted and proven player in the global nuclear industry. The company is actively enhancing its capabilities in next-generation nuclear technologies and is expanding its portfolio to include Small Modular Reactors (SMRs). In addition, Hyundai E&C is broadening its expertise across renewable energy, hydrogen infrastructure, and low-carbon construction, positioning itself as a reliable Energy Transition Leader committed to building a more sustainable and resilient energy future.

About the Texas Tech University System

Established in 1996, the Texas Tech University System is one of the top public university systems in the nation, consisting of five universities – Texas Tech University, Texas Tech University Health Sciences Center, Angelo State University, Texas Tech University Health Sciences Center El Paso and Midwestern State University.

Headquartered in Lubbock, Texas, the TTU System is a more than $3 billion enterprise focused on advancing higher education, health care, research and outreach with approximately 21,000 employees and 64,000 students, more than 400,000 alums, a statewide economic impact of $19.2 billion and an endowment valued at $3 billion. In its short history, the TTU System has grown tremendously and is nationally acclaimed, operating at 20 academic locations in 16 cities (15 in Texas, 1 international).

In addition, the TTU System is one of only nine in the nation to offer programs for undergraduate, medical, law, nursing, pharmacy, dental and veterinary education, among other academic areas.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our strategy, future operations, financial position, prospects, plans and objectives of management. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “will be,” “will likely result,” “should,” “expects,” “plans,” “anticipates,” “could,” “would,” “foresees,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential,” “outlook,” or “continue” or the negative of these words or other similar terms or expressions. These forward-looking statements are not guarantees of future performance, but are based on management’s current expectations, assumptions, and beliefs concerning future developments and their potential effect on us, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. Our expectations expressed or implied in these forward-looking statements may not turn out to be correct. Our results could be materially different from our expectations because of various risks. The MOU referenced in this release is non-binding, and the parties intend to enter into a definitive agreement in the coming weeks.

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SOURCE Fermi America

The US Department of Energy (DOE) issued a new climate science report while the US EPA plans to rescind the “CO2 endangerment” finding which is a key pillar in climate dogma and the push for decarbonization through EVs and renewables, says Friends of Science Society.  At the same time, the UN issued a report on “supercharging” the new era of renewables and electrification.

CALGARY, AB, July 30, 2025 /PRNewswire/ — As the COP30 Climate Conference in Belem, Brazil approaches in November, the United States continues to dismantle climate dogma by this week issuing a new climate report that challenges the ‘consensus’ and taking steps to rescind the “CO2 endangerment” finding, a key pillar of Net Zero policies, says Friends of Science Society.  In a new video, Friends of Science Society advocates for a “Race FROM Net Zero.”

The US will garner a competitive edge in world trade and manufacturing by rescinding the EPA finding, which reportedly was “used to justify over $1 trillion in regulations,” says Friends of Science.  According to the announcement today by Lee Zedlin, EPA Administrator, the US auto industry will shake off 16 years of uncertainty and will save more than $54 billion per year in hidden taxes. Consumers will be able to choose a gas-fuelled or EV – unlike Canadian consumers who face a target of 100% zero-emission vehicles by 2035.

This year is the 10th anniversary of the 2015 Paris Agreement, to which most countries of the world are signatory. They agreed to reduce greenhouse gas emissions in order to keep global average temperatures well below 2 degrees Celsius above pre-industrial temperatures and pursue efforts to limit the increase to 1.5 degrees Celsius.  Subsequently, the Race to Net Zero became popularized at COP 26. Further analysis has shown that Net Zero is not possible, as discussed by Prof. Michael J. Kelly.

Far from being a year of celebration, Friends of Science Society says climate advocates were shocked at the Trump administration’s immediate withdrawal of the US from the Paris Agreement and his Declaration of an Energy Emergency.

Two recent reports, one from the US DOE on climate science and another from the UN on “Supercharging clean energy to repair humankind’s relationship with climate,” couldn’t be more different in their climate and energy world views, says Friends of Science Society.

The US DOE report featured a handful of scientists, some of whom Friends of Science Society has hosted over the years as guest speakers for their annual events.  Past speakers include John Christy, Roy Spencer and Ross McKitrick.

Two other scientists, who authored the new US report, are Judith Curry and Steve Koonin. They have recently authored new books on climate science and policy. 

US Energy Secretary Chris Wright opens the US Climate Science report, noting that “What I’ve found is that media coverage often distorts the science. Many people walk away with a view of climate change that is exaggerated or incomplete. To provide clarity and balance, I asked a diverse team of independent experts to critically review the current state of climate science, with a focus on how it relates to the United States.”

By contrast, the UN report titled “Seizing the moment of opportunity; Supercharging the new energy era of renewables, efficiency and electrification” is filled with hyperbole and faulty logic, says Friends of Science Society.  For instance, the UN report pushes for tripling renewables while phasing out fossil fuels.  As Vaclav Smil pointed out in IEEE Spectrum, “To get wind power, you need oil.”

The UN report improbably advises artificial intelligence (AI) data centre companies that they must employ 100% renewables.  Wind and solar are expensive and unreliable, completely unsuited for the high energy demand of AI says Friends of Science Society.

The challenges of AI for a Net Zero focussed country are brought home in, “Big Tech’s Climate Performance and Policy Implications for the UK.”  The UK has the highest electricity prices in the world, largely due to the massive addition of renewables.  According to the report, the UK also lacks capacity to hook up consumers.  By contrast, Secretary Chris Wright is proactively establishing AI sites on federal land with appropriate infrastructure development, determined to provide “secure, reliable baseload power,” says Friends of Science Society.

 About

Friends of Science Society is an independent group of earth, atmospheric and solar scientists, engineers, and citizens that is celebrating its 23rd year of offering climate science insights. After a thorough review of a broad spectrum of literature on climate change, Friends of Science Society has concluded that the sun is the main driver of climate change, not carbon dioxide (CO2).

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SOURCE Friends of Science Society

New Americas leadership team appointed to drive strategic expansion and deepen impact across the United States, Canada, and Colombia

LOS ANGELES, July 30, 2025 /PRNewswire/ — Arup, a global leader in engineering, consulting, and design for the built environment, today announced the appointment of Scott Russell as Managing Director of the firm’s Americas region. “As Managing Director, my focus is winning and delivering the kind of work that solves our clients’ hardest problems and embodies our values and purpose,” said Scott Russell. “I look forward to partnering with our teams across the Americas to ensure we’re delivering meaningful, future-focused solutions for our clients and communities.”

Russell’s appointment is part of a broader evolution in the region’s leadership team. Joining him are Melissa Burton as Americas Total Design Leader and Jenny Buckley as Americas Business and Markets Leader, among others. These new appointments and roles reflect the firm’s commitment to technical excellence and innovation through Total Design, Arup’s integrated approach to solving complex challenges and creating lasting impact.

Melissa Burton, Americas Total Design Leader, said:
“Total Design encourages us to consider the challenges our clients are facing from multiple perspectives and enables us to integrate those perspectives to develop effective, practical, and affordable solutions. Our greatest strength lies in the breadth of talent across Arup, and I’m committed to deepening our technical expertise so we can continue to lead with creativity and purpose.”

Jenny Buckley, Americas Business and Markets Leader, said:
“My focus is ensuring Arup remains a differentiated, trusted partner in a rapidly evolving marketplace. By leveraging our multidisciplinary strengths, we can deliver bold, forward-thinking solutions that meet the diverse needs of our clients and set new standards across the industry.”

The new leaders will drive Arup’s continued impact across the Americas, shaping key infrastructure and services for cities across the region. With a focus on growth and innovation, the firm is expanding its presence across key sectors, including energy, water, transportation, healthcare, science, industry, technology, commercial real estate, arts, culture, entertainment, sports, leisure, and public works.

Additional members of the new Americas leadership team include:

• Nigel Nicholls, Americas Performance and Operations Leader
• Sarah Rosen, Americas People and Culture Leader
• Carolyn Poirier, Americas Chief Financial Officer
• Gillian Blake, Americas Transport Market Portfolio Leader (including Rail, Roads and streets, Aviation, and Maritime)
• Omid Nakhaei, Americas Property, Science and Industry and Manufacturing Market Portfolio Leader (including also Data centers, Healthcare, Arts and Culture, Sport, and Education)
• Brian Raine, Americas Energy, Water, and Resources Market Portfolio Leader
• Gregory Giammalvo, Americas East Leader (overseeing offices in New York, New Jersey, Boston, Washington DC, and Chicago)
• Alex Lofting, Americas West Leader (overseeing offices in Los Angeles, San Francisco, Oakland, and Seattle)
• Sean Meadows, Canada Leader (overseeing offices in Toronto, Montréal, Ottawa, and Calgary)
• Federico Torres Jimenez, Americas South Leader (overseeing offices in Houston, Dallas, and Bogotá)

For more information on the leaders, please visit www.arup.com/news/arup-announces-new-leaders-as-the-firm-kicks-off-plans-to-accelerate-growth-across-the-americas/.

About Arup
Arup is a global built environment consultancy providing advisory and technical expertise across more than 150 disciplines. With over 18,000 members – from engineers to planners – we create safe, resilient and regenerative spaces where people can thrive. We bring Total Design, a creative and collaborative approach that is helping us shape a better world, to our work. https://www.arup.com/

CONTACT: Jackie Wei Green, Jackie.Wei-Green@arup.com

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SOURCE Arup

New and Limited-Edition Treats and Toys to Honor Furry Friends

SAN FRANCISCO, July 30, 2025 /PRNewswire/ — Shelter dogs are getting their moment to shine this August, with the help of See’s Candies. For the third year running, the company is celebrating DOGust, the universal birthday for shelter dogs observed on August 1, with a heartwarming charitable collaboration. This year, See’s is teaming up with the 15/10 Foundation to launch a month-long campaign that will raise awareness to find forever homes for shelter dogs while directly funding medical care for pups who might otherwise be overlooked due to their health conditions.

“Our mission is: ‘We bring Joy.’ Dogs bring joy, and adopting dogs gives joy, so partnering to support adopting dogs was an obvious choice,” said Pat Egan, President and CEO of See’s. “I’ve always been passionate about rescue dogs, so I know firsthand that these amazing animals just need someone to give them a chance.”

See’s was spurred to participate in DOGust in 2022 and have had great feedback and engagement from both customers and employees.

“We are proud to support the 15/10 Foundation and give those with medical needs the same shot at happiness that rescue dogs bring every day. There’s nothing better than seeing a pet who was overlooked find the loving home they’ve been waiting for.” Egan also volunteers when he can at his local shelter, the Peninsula Humane Society and See’s has supported animal rescue programs with volunteer time and contributions for several years.

Adding even more bark to the bite, See’s is introducing NEW DOGust packaging with a festive, pup-themed design available in shops for one-pound boxes and online with one-pound Assorted Chocolates or Nuts & Chews. The purchase of See’s one-pound boxes with this special design also contributes to See’s donation to 15/10 Foundation, plus customers can include an additional donation in shops if desired.

This year’s donation will directly sponsor shelter dogs through the 15/10 Foundation, covering their complete medical and behavioral care, and helping them find permanent homes. Fans can follow the transformation stories of Jennie, Beau, Kam and an adorable litter of puppies on social media.

The DOGust celebration extends beyond donations, with limited-edition products designed to spread joy to both customers and their four-legged friends. Starting August 1, exclusive products will be available both online and in See’s shops. Customers can fetch the NEW Doggie-ettes plush squeaky toy, inspired by See’s iconic Toffee-ettes® tin, for $6 with the purchase of a one, two, three or five-pound box of candy, or of course, See’s classic one-pound Toffee-eettes® tin. The Plush Squeaky Dog Toy will also be sold separately for $12.

Because treats are better shared, customers that visit a shop for their free sample with their loyal companions will also receive a complimentary “S” Medallion dog biscuit. Customers can also participate online and are encouraged to spread awareness of DOGust by sharing photos of their pups and tagging @seescandies and @1510foundation for a chance to win a special giveaway bundle.

Together, See’s and 15/10 Foundation are bringing joy this DOGust—one piece of chocolate, one dog, one smile at a time.

About See’s Candies
For over 100 years, See’s Candies has been dedicated to making candy Mary See’s way. American made, famous for deliciousness, with the friendliest customer service—since 1921. Founded and headquartered in sunny California, See’s Candies has expanded from one candy shop to over 250 shops across America and a flourishing online store. For more information visit https://www.sees.com. 

About 15/10 Foundation
The 15/10 Foundation partners with rescue organizations who are already identifying dogs in shelters with medical issues. Once sponsorship is granted, the Foundation will cover all basic medical expenses (i.e. vaccines, microchip, spay/neuter) and their sponsored pre-existing condition(s) for the remainder of the dog’s life.15/10 raises funds primarily through weekly fundraisers, individual donors, and a monthly membership program. Our goal is to ensure that dogs with medical and behavioral needs, often the most vulnerable of the shelter population, have the best opportunity to live a happy and healthy life. We aim to remove the hurdles for rescues to take on these cases, and the impediments to adoption due to financial constraints.

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SOURCE See’s Candies

Ohio’s Perry’s Victory Memorial Hosts Declaration 250 Event

PUT-IN-BAY, Ohio, July 30, 2025 /PRNewswire/ — As the United States prepares to celebrate the 250th anniversary of its founding, the Lake Erie Heritage Foundation (LEHF), in cooperation with the Perry Group, announces a national event spotlighting a pivotal yet overlooked moment in American history. On August 2, 2026, thousands will gather at Perry’s Victory and International Peace Memorial on South Bass Island in Ohio for “Declaration 250,” a national signing ceremony honoring the actual date, August 2, 1776, when 56 patriots signed the Declaration of Independence, transforming words into personal pledges of liberty.

“July 4 declared our independence, but August 2 enacted it,” said David Zavagno, LEHF spokesperson. “August 2 is the day America signed its name to freedom, and it’s time we commemorate one of the most important dates in our nation’s history.”

“August 2 is America’s signature moment,” Zavagno stated. “As we honor our past, we’re inviting every American to make history again by standing up and signing on. This is more than a resigning celebration; it is a reaffirmation of the ideals that forged our nation. There is no more fitting place than Perry’s Monument to gather, reflect and recommit to the promise of the Declaration.”

Perry’s Memorial commemorates the 1813 Battle of Lake Erie, a crucial victory that helped America defend the independence first declared in 1776, representing the ongoing fight to preserve liberty. 

The two-day celebration in the village of Put-In-Bay will feature living history performances, keynote speakers and community leaders from across the nation. Nationally syndicated radio host, Hugh Hewitt, will be the master of ceremonies, and The Ohio State University Marching Band will perform. All members of the United State Congress will be invited to physically sign the ceremonial 250^th anniversary Declaration of Independence. The event will culminate with a fireworks display. Schools, veterans, historical groups and civic organizations are encouraged to participate in this once-in-a-generation event.

By signing the Declaration of Independence – an act of high treason against the British Crown – the 56 signers risked their lives. Benjamin Franklin captured the gravity when he warned, “We must, indeed, all hang together, or most assuredly we shall all hang separately.” The cost proved real: five signers were captured, tortured and killed. Nine died from war wounds or hardships, and all faced violence, ravaged homes and endangered families. They starved, lost battles and likely questioned whether their ideals were worth plunging a nation into suffering. Then, unexpectedly, they won.

Ohio stands as a symbol of the enduring spirit of freedom, unity and resolve. It is the birthplace of eight U.S. presidents and has long served as a bellwether for the nation’s conscience and commitment to democracy. In the historic defense of liberty, Ohio contributed more soldiers per capita to the Union cause during the Civil War than any other state. “Declaration 250” continues this legacy by bringing the nation together at Perry’s Memorial to honor the courage that founded our republic and the resolve that has preserved it.

For more information or to get involved, visit https://lakeerieheritage.org/.

About America250
America250’s mission is to celebrate and commemorate the 250th anniversary of the signing of the Declaration of Independence, marking America’s semi-quincentennial. We aim to inspire our fellow Americans to reflect on our past, strengthen our love of country and renew our commitment to the ideals of democracy through programs that educate, engage and unite us as a nation.

About Lake Erie Heritage Foundation
The Lake Erie Heritage Foundation is committed to preserving and promoting the rich cultural legacy of Lake Erie together with surrounding communities. Leading with information, educational experiences, environmental updates, engaging events and meaningful commemorations, the organization strives to encourage all generations to explore the history that shaped the region-from the fight for American independence to the defining moments of the War of 1812 and beyond.

Media Contact:
Joe Mosbrook
216-375-2141
mosbrook@acclaimllc.com 

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SOURCE Lake Erie Heritage Foundation

Nationwide effort to support educational equity reaches 200,000+ students, with local dealership engagement driving impact in underserved communities

LITTLE CANADA, Minn., July 29, 2025 /PRNewswire/ — Kids In Need Foundation (KINF) and Toyota (NYSE:TM) are proud to announce the launch of their fourth annual Big Summer Giveback, a nationwide initiative dedicated to leveling the educational playing field by equipping students in under-resourced schools with essential school supplies in time for back-to-school.

Since its launch in 2022, the Big Summer Giveback has continued to grow, carried by the collective commitment of Toyota and its nationwide dealership network. Over the past four years, the initiative has generated more than $5.6M in donations and supported over 200,000 students through KINF’s Supply A Student program.

Supply A Student, one of KINF’s flagship programs, delivers backpacks filled with essential school supplies directly to students in schools where 70% or more of the students are eligible for free or reduced-price meals through the National School Lunch Program (NSLP). By removing barriers to learning, the program fosters equal access to quality education and directs support where it’s needed most.

The 2025 Big Summer Giveback is set to reach over 77,000 students, providing them with brand-new backpacks, ensuring they return to school prepared, confident, and ready to learn.

“We’re proud to partner with Toyota for a fourth consecutive year,” said Corey Gordon, CEO of Kids In Need Foundation. “This continuing collaboration makes a meaningful difference for students and teachers in underserved communities. By ensuring students have the supplies they need to start the school year prepared, we’re helping to both ease the burden on teachers, as well as supporting equal access to the tools and resources necessary for a quality education.”

This year also marks a new milestone: over 57 Toyota dealerships are going beyond national efforts by individually pledging $10,000 in direct support to their local communities. This underscores the program’s goal of being national in scale and local in impact.

From Aug. 1 to Sept. 2, 2025, Toyota will also donate $3.00 to KINF for every eligible oil change with a tire rotation purchased at participating Toyota Service Centers. Customers will also have the opportunity to further support students through online donations at www.kinf.org/toyota.

“Joining forces with KINF for the fourth annual Big Summer Giveback is a testament to Toyota’s dedication to community support,” said Mark Nazario, Vice President of Integrated Customer Experience at Toyota Motor North America. “Toyota is excited to see a substantial increase in dealer participation and contributions to KINF this year, setting a new record since the program began in 2022. This initiative not only underscores our commitment to education but also demonstrates how collective efforts can transform lives and create lasting change in the communities we serve”.

To learn more about the Big Summer Giveback and how this partnership is driving positive change in local communities, visit www.kinf.org/toyota.

For more information about how you can support KINF and its programs, please visit www.kinf.org

About Kids In Need Foundation:
Kids In Need Foundation (KINF) works to create equitable learning spaces by distributing supplies and resources to teachers and students in underserved schools, where 70% or more of students qualify for free or reduced-cost meals through the National School Lunch Program (NSLP). By investing in teachers and students, our programs deliver focused, practical solutions that advance educational equity. For more information, visit kinf.org and connect with us on Facebook, Instagram, LinkedIn, and Twitter: @KidsInNeed.

About Toyota:
Toyota (NYSE:TM) has been a part of the cultural fabric in the U.S. for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands, plus our nearly 1,500 dealerships. Toyota directly employs more than 39,000 people in the U.S. who have contributed to the design, engineering, and assembly of nearly 32 million cars and trucks at our nine manufacturing plants. By 2025, Toyota’s 10th plant in North Carolina will begin to manufacture automotive batteries for electrified vehicles. With more electrified vehicles on the road than any other automaker, a quarter of the company’s 2021 U.S. sales were electrified. To help inspire the next generation for a career in STEM-based fields, including mobility, Toyota launched its virtual education hub at www.TourToyota.com with an immersive experience and chance to virtually visit many of our U.S. manufacturing facilities. The hub also includes a series of free STEM-based lessons and curriculum through Toyota USA Foundation partners, virtual field trips and more. For more information about Toyota, visit www.ToyotaNewsroom.com.

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SOURCE Kids In Need Foundation

CHARLOTTE, N.C., July 30, 2025 /PRNewswire/ — Gen Z (ages 18-28) is finding adulthood more expensive than expected. Facing this, nearly three quarters of them are taking action to improve their financial health, according to Bank of America’s 2025 Better Money Habits® financial education study, published today.

“Gen Z is challenging the stereotype when it comes to young people and their finances,” said Holly O’Neill, president of Consumer, Retail and Preferred Banking at Bank of America. “Even though they’re facing economic barriers and high everyday costs, they are working hard to become financially independent and take control of their money.”

Key findings from the study include:

• Over the last 12 months, 72% took steps to improve their financial health, such as putting money toward savings (51%) or paying down debt (24%).
• Nearly two-thirds (64%) focused on reducing expenses – 41% cut back on dining out and 23% shopped at more affordable grocery stores.
• And more are going it alone. While 39% receive financial support from parents and other family members, this is down from 46% a year ago. And they are getting less money – 22% receive $1,000 or more per month compared to 32% a year ago, and 54% receive less than $500 per month compared to 44% a year ago.
• When it comes to their romantic lives, many Gen Z aren’t spending money on dates – with roughly half of men (53%) and women (54%) spending $0 a month, and 25% of men and 30% of women spending less than $100 per month. 

According to the study, about half (51%) of Gen Z surveyed say the high cost of living is a barrier to financial success. Total monthly spending is higher than they thought it would be for 35%, especially for everyday expenses including groceries (63%), rent and utilities (47%) and dining out (42%).

Budget Busting
The study found that Gen Z feel a lack of income is a problem as well, with over half (53%) not feeling they make enough money to live the life they want, and many are struggling to save consistently. In fact, 55% don’t have enough emergency savings to cover three months of expenses.

While Gen Z knows that saving for the future is important, they struggle to do so, with close to half (43%) saying they are not on track to actively save for retirement in the next five years, though they’d like to be. Many see saving for retirement and investing as symbols of financial independence (42% and 35% respectively). However, only a quarter (25%) contributed to a retirement account in the last year and one-in-five (21%) invested in the stock market, up slightly from recent years.

Despite a lack of income, Gen Z finds ways to enjoy the little things, whether celebrating a win or trying to help turn around a bad day: 57% buy themselves a small “treat” at least once a week. Unfortunately for over half (59%), this leads to overspending, making little treats a slippery slope.

And, according to data from Bank of America Institute, while there are signs of some pressures on younger generations, the median deposit level of Gen Z and Millennials remains elevated compared to 2019 levels – showing that these generations do not appear to be running down their savings in the face of higher costs.

Acting on Money Worries
A third (33%) of Gen Z are stressed about their finances, and of those, 52% say economic instability is a root cause. When stressed about their finances, many (90%) are likely to take action, including checking their bank account balance (69%), making a budget (64%), getting ahead on paying bills (46%) or other smart money moves. But for some, stress leads to avoidance or splurges: 33% of Gen Z are likely to avoid thinking about or taking positive actions on their finances when they’re feeling stressed financially; 30% are likely to treat themselves to a purchase when worried about money.

Financial Green Flags
Gen Z understands the importance of financial health, and they value being transparent with friends about money. Consistent with findings in prior years, two-thirds (66%) of Gen Z don’t feel pressured by their friends to spend beyond their means, and 42% feel comfortable declining social activities and letting their friends know it’s because they can’t afford them.

Financial health also matters in romantic relationships for Gen Z – with nearly four out of five (78%) saying that financial responsibility is an important attribute when choosing a significant other.

Methodology
This survey was conducted online from April 4 – 25, 2025, by Ipsos. This study is based on national samples of 1,069 general population adults (age 18 or older), 915 general population Gen Z adults (age 18-28). The survey was conducted both in English and Spanish and utilized samples from both opt-in sources and the Ipsos KnowledgePanel®, the largest and most well-established online probability-based panel that is representative of the adult US population. The margin of sampling error for the general population sample is +/- 3.1 percentage points and for the general population Gen Z sample is +/- 3.5 percentage points at the 95 percent confidence level.

Better Money Habits
At Bank of America, we’re committed to helping people lead better financial lives by equipping them with the skills, knowledge and confidence to succeed. That’s why we created Better Money Habits, a financial education platform of tools and information that helps people make sense of their money and take action to improve. As a cornerstone of Better Money Habits, we offer free financial education content and tools, like our Gen Z Financial Guide that breaks down financial topics like budgeting, building credit, borrowing and investing in a way that’s approachable and easy to understand. We continually look for ways to expand the reach of Better Money Habits and also offer Spanish language resources on the site.

Bank of America Institute
Bank of America Institute is dedicated to uncovering powerful insights that move business and society forward. Established in 2022, the Institute is a think tank that draws on data and analyses from across the bank and the world to provide timely and original perspectives on the economy, sustainability, and global transformation. The Institute leverages the depth and breadth of the bank’s proprietary data, from 69 million consumer and small business clients, 58 million verified digital users, $4.3T in total payments in 2024 and $1.2T in consumer and wealth management deposits. From this robust data set, the Institute provides a unique perspective on the health of the economy. It also elevates thought leadership from throughout the bank that addresses long-term trends and shares these findings with the general public.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact:
Susan Atran, Bank of America
Phone: 1.646.743.0791
susan.atran@bofa.com 

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SOURCE Bank of America Corporation

Donors Boost $1 Million Scholl Matching Gift Challenge

NORTH CHICAGO, Ill., July 30, 2025 /PRNewswire/ — Rosalind Franklin University is proud to announce it has successfully met and exceeded its historic $1 Million Scholl Matching Gift Challenge months ahead of schedule, significantly boosting scholarships and resources for students preparing to heal, serve, and transform lives.

Building on this momentum, RFU has launched a new matching gift initiative, the Richard M. Evans, DPM ’71, and Katherine Evans Challenge Match.

The couple behind both matches, the Evanses have stepped forward to publicly renew their investment in Dr. William M. Scholl College of Podiatric Medicine. Their support reflects the collective generosity of dedicated alumni and community partners motivated by a dollar-for-dollar match to expand scholarship opportunities for deserving students.

“Working in podiatric medicine significantly changed our lives, and we’ve seen the impact our work can have on the quality of life for our patients and how that extends to our community,” Dr. Evans said. “When we established the first match, we wanted to ensure that more communities have access to podiatric physicians, just like we were able to accomplish through training. We were encouraged by how many people were moved to commit to this challenge, and yet we know the work is unfinished.”

An anticipated shortage of podiatric physicians, with demand projected to outpace supply by 2037, according to U.S. health workforce projections, poses a serious threat to preventive care. The gap means fewer people will receive early interventions, potentially leading to a rise in preventable complications like diabetic foot ulcers, which can impact mobility and quality of life.

The Evans’ vision and leadership serve as a powerful reminder that campaigns don’t end — they evolve. The new challenge creates an additional $1 million fundraising goal for both Scholl College and RFU’s pro bono Interprofessional Community Clinic, where students and faculty offer essential care for uninsured populations.

The challenge announcement also marks another major achievement for Rosalind Franklin University: surpassing a $20 million milestone in its Empowering Scholars campaign — also ahead of schedule. The ongoing campaign for student scholarships is more than just financial assistance — it’s a direct investment in the next generation of healthcare providers and patient advocates who entrust RFU with their educational journey, and who are committed to bringing compassionate, quality health care to their communities.

“Philanthropy fuels our progress and our resolve to support our resilient and bright students who are determined to make a difference in the world,” said Scholl College Dean Stephanie Wu, DPM, MSc, FACFAS. “Our success through our alumni and partners speaks to their deep commitment to an immersive education and ensuring the health of our communities.”

The new $1 million Richard M. Evans, DPM ’71, and Katherine Evans Match started July 1, 2025, and continues through June 30, 2027, or until the match is achieved. To donate to the fund, visit rfu.ms/schollmatch.

About Rosalind Franklin University
RFU encompasses the Dr. William M. Scholl College of Podiatric Medicine, Chicago Medical School, College of Health Professions, College of Pharmacy, College of Nursing, and the School of Graduate and Postdoctoral Studies. Learn more at rosalindfranklin.edu.

Media Contact:
Office of Marketing and Communications
media@rosalindfranklin.edu

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SOURCE Rosalind Franklin University of Medicine and Science