Us Companies, Nudged by Black Employees, Have Stepped Up Donations to Hbcus


credit:

"It was like manna from heaven."

That's how Natalie Coles describes a $500,000 donation from Dominion Energy to Wilberforce University, a historically black college in Ohio.

The money went toward laptops and hot spots for students when the Covid-19 virus shut down Wilberforce's campus in 2020.

It's one of a growing number of donations to historically black colleges and universities from corporations and philanthropic foundations, the New York Times reports.

According to a May report released at the time, foundation support of HBCUs declined 30% between 2002 and 2019.

But HBCUs have been reporting a sustained increase lately in donations from corporations as well as philanthropic foundations.

Delaware State University received $20 million from MacKenzie Scott in 2020, part of the $560 million that the ex-wife of Jeff Bezos gave to HBCUs.

HBCUs often have smaller endowments and lower levels of public funding than other universities, but they have been using the language of business to argue they are a good investment, a Rutgers University professor who researches HBCUs tells the Times.

Another factor in the giving by corporations has been the influence of their Black employees.

Diageo has given almost $12 million to HBCUs through its employee resource group.

The money has gone toward scholarships at 29 schools to lessen the debt burden on Black graduates Read the Entire Article


Selected Grant News Headlines

A customized collection of grant news from foundations and the federal government from around the Web.

Kpmg Launches 'Ai Impact Initiative' to Bring Ai Technology to Nonprofits

"We believe in the transformative power of AI and its potential to create positive change," says Anita Whitehead, head of impact at audit, tax, and advisory firm KPMG, which this week announced an...more

Ideas: Tech Powers New Era of Impact Investing

When it comes to environmental, social, and governance (ESG) considerations when investing, Malaysia is at the top of the list, according to Digital Edge Malaysia. And that's not just because the...more

Women Only: Indian Links in Kings Birthday Honours 2024

Three women from Australia's Indian community have been named in the country's Order of Australia for their contributions to society. Harinder Kaur, 29,Niharika Hiremath, 29, and Sakshi Thakur,...more

Indian-American Entrepreneur Pritika Mehta'S Guidance for Indian Ai Startups

Pritika Mehta, an Indian-American entrepreneur who holds a master's in artificial intelligence from the State University of New York, is "shaping the pathway for Indian startups looking to plunge...more

Ht Exclusive: Indian-American Entrepreneur Pritika Mehta'S Vision for Aspiring ...

"San Francisco is about the same size as my hometown, Chandigarh," Pritika Mehta tells Hindustan Times. "But this small city has changed the world.... The kind of conversations that happen...more

Column: Mantha on Giving Credit Where It'S Due

"Politics is like a quilt formed of hundreds of patches that come together, creating security and strength," Michael Mantha writes in the Sault Star. "I know from experience that great things can...more

External Innovation &Amp; Science Partnering Lead €“ Eu &Amp; Latam (Eula)

Pharmaceutical giant Sanofi is looking for a VP of external innovation for its Consumer Healthcare business. The ideal candidate will have at least five years' experience in a similar position...more

Afrilabs, Um6P Ventures Partner To Drive Innovation And Support For Startups Across Africa

The University of Maryland's Center for Entrepreneurship is known for its support of entrepreneurship and innovation in the US, but it's now looking to expand its reach into Africa. The center,...more

Greek Economy Expands in First Quarter as Investment Rises

Greece's economy grew by 0.7% in the first quarter of this year, the country's statistics service announced today, which is a lot better than the government's initial forecast of 0.3%. The...more

Looking at Impact, Risk and Return

There's a new way to invest in the world, and it involves putting your money where your mouth is. In a new video, 3Bank's CEO Vladimir Vukotic and fund manager Tim Crijns explain how the Serbian...more






Social Entrepreneurship
Spotlight



Social Entrepreneurs to Get Free WiFi Access


iPass, a telecommunications provider, will give free internet access to 100 non-government organizations (NGOs) for a year as they work in dangerous countries to help its poor and underserved populations.



Federal Government Grant and Assistance Programs


Water 2025 | Indian Country Alcohol and Drug Prevention | Tribal Recruitment and Retention of Health Professionals into Indian Health Programs | John R. Justice Prosecutors and Defenders Incentive Act | Formula Grants for Other Than Urbanized Areas | Sheep Production and Marketing Grant Program | Promoting Safe and Stable Families | Regulation of Surface Coal Mining and Surface Effects of Underground Coal Mining | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders