United (NYSE:UAL) shares decreased in price Wednesday, on news the carrier is kicking off the school year with a $1.25-million donation through education nonprofit DonorsChoose, funding aviation and science, technology, engineering and mathematics (STEM) classroom projects across the country. United will triple the amount of donations for DonorsChoose aviation projects submitted by teachers in nine markets and match funding for STEM projects at Equity Focus Schools.
For the second year in a row, United's contributions will help bring aviation and select STEM-focused projects to life as they're posted on DonorsChoose over the next few months. If teachers in the selected cities are interested in submitting a project to be considered for funding, and viewing 2023 funded projects, they can visit donorschoose.org/united. Participating cities include Chicago, Denver, Washington, D.C., New York, Houston, San Francisco, and Los Angeles, as well as in Phoenix and across Hawaii.
"This program is a testament to United's commitment to diversifying our workforce and removing barriers to STEM and aviation education and careers for underrepresented groups," said Helon Hammond, VP of Global Learning, People and Community Impact for United. "Last year, we were able to help fund 2,592 projects across our hub cities and target markets. We're proud to collaborate with DonorsChoose for the second year in a row and continuing efforts to support the organization as their sole aviation partner."
UAL shares dropped 14 cents to $42,00.
