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U.S. Secretary of State John Kerry announced on Friday that the State Department in conjunction with the private sector had raised an initial $3.65 million in support of the 100,000 Strong in the Americas initiative, which aims to dramatically increase two-way student exchange between the U.S. and Latin America and the Caribbean by 2020. ExxonMobil, Santander Bank, and the Coca-Cola, Ford, and Freeport-McMoRan Cooper & Gold Foundations are the initial donors to the 100,000 Strong in the Americas Innovation Fund, which aims, in Kerry’s rewards, to  “help universities develop greater capacity to support study abroad” and to “challenge and reward institutions to find innovative ways to spur greater exchanges.”

The first four institutions to receive grants through the fund, also announced on Friday, are:

  • The University of Arizona, which aims to create an umbrella organization for science, technology, engineering and mathematics-focused exchanges with the Pontificia Universidad Católica de Perú, in Lima, and the Pontificia Universidad Católica de Chile, in Santiago;
  • The University of North Texas, which plans to use the funding to enable 30 undergraduate and 20 graduate students to travel to Chile to participate in field courses, research experiences and internships;
  • The University of Rhode Island, which plans to expand upon its long-standing International Engineering program in partnership with the Pontificia Universidad Católica de Valparaiso, in Chile; and
  • Northampton Community College, which intends to develop a six-week, study abroad service learning course in collaboration with Universidad Nacional de Trujillo, in Peru, and the nonprofit organization WindAid