NEW YORK, Dec. 11, 2019 /PRNewswire/ -- Today, IAC
(NASDAQ: IAC) announced IAC Fellows, a new immersive education
program designed to empower high-achieving students from
underserved and under-resourced communities in New York City and beyond. The initiative
provides participants with the resources, education, and
experiences to excel not only in academics and career pursuits, but
to build successful and satisfying lives. Core to the program are
multiple paid internships that rotate across leading IAC
companies—such as Vimeo and The Daily Beast—over the course of six
consecutive years. Upon graduation from the program, should a
Fellow take a full-time role at IAC or any of its brands, IAC will
pay off all of their student debt.
"At the core of IAC is a belief that people will rise to
greatness if given the right opportunity, and that's the animating
principle of IAC Fellows," said Joey
Levin, CEO of IAC. "We're going beyond the standard
internship to invest in the rising stars who will shape the
future."
IAC Fellows is defined by the following:
- Multi-year: High-achieving students as young as high
school juniors can apply to join and remain in the program for up
to six years;
- Multi-business: Each summer, Fellows rotate across
multiple IAC businesses – such as Vimeo, Dotdash, HomeAdvisor,
Angie's List and Bluecrew – to be exposed to different business
models, roles and functions. All internships are competitively paid
and an academic stipend is provided upon each completion;
- Mentorship: All Fellows have access to IAC executives
and brand leaders who serve as mentors and coaches along the
way;
- Beyond academics: Fellows enjoy unique experiences that
offer both inspiration and creative freedom such as sailing trips
on the Hudson River and backstage tours of Julliard;
- Investment: IAC is committed to nurturing Fellows'
growth and motivating them to build their careers at IAC. IAC will
pay off student loans for any Fellow who accepts a full-time job at
an IAC company.
IAC Fellows is made possible through IAC's long-standing
partnerships with leading organizations including Prep for Prep,
GEM Consortium, LEDA, UNCF, SEO, CSforALL, and TEAK Fellowship. In
its inaugural year, IAC Fellows was only available in New York City; however, in 2020, IAC Fellows
will expand to new IAC locations including Los Angeles, Denver, Chicago, and Indianapolis.
"Through the Fellows program, IAC is developing the next
generation of exceptional business and community leaders,"
said Kathryn Wylde, President and CEO, Partnership for
New York City. "Their unique model
embeds students into the IAC family, offering them the opportunity
to gain work experience, benefit from mentorships, and have
fun."
"The IAC Fellowship Program is an exemplary model for
corporate-nonprofit partnership," said Beth
Breger, Executive Director of LEDA. "IAC provided a
transformative internship experience that was both nurturing and
enlightening, offering new perspectives into career pathways and
workplace dynamics. We look forward to having more LEDA Scholars
participate in this amazing opportunity."
"We want these students to know someone is in their corner,
rooting for them as they navigate their academic careers," said
Suzanne Kennedy, Head of
Philanthropy, IAC. "We're looking to break down barriers to
mobility and be a true partner in unlocking Fellows' potential.
This is a long game for us. We would be lucky to have any one of
these kids choose to come work at IAC."
IAC Fellows is currently accepting applications through its
community partners for 2020. For more information about the program
and how to get involved please visit the IAC Fellows website at:
https://www.iacfellows.org/
About IAC
IAC (NASDAQ: IAC) builds companies. We are guided by curiosity, a
questioning of the status quo, and a desire to invent or acquire
new products and brands. From the single seed that started as IAC
over two decades ago have emerged 10 public companies and
generations of exceptional leaders. We will always evolve, but our
basic principles of financially-disciplined opportunism will never
change. IAC today operates Vimeo and Dotdash among many others, and
also has majority ownership of both Match Group, which includes
Tinder, Match, PlentyOfFish, Hinge and OkCupid, and ANGI
Homeservices, which includes HomeAdvisor, Angie's List and Handy.
The Company is headquartered in New York
City and has business operations and satellite offices
worldwide. Learn more at www.iac.com.
Contact Us
IAC Corporate Communications
Valerie Combs
(212) 314-7361
press@iac.com
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SOURCE IAC