Home
About Us
"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.
"There is growing scientific consensus that the Amazon Basin is reaching an ecological tipping point and urgent action is needed," says James Scriven, CEO of IDB Invest, a multilateral development...more
Enhanced Capital has been investing in communities across the US for more than two decades, and in its 2023 Community Impact Report, the investment firm says it has created more than 53,000 jobs,...more
A California state lawmaker has introduced a bill that would require oil and gas companies working in remote areas to pay for the damage they cause to communities, the Los Angeles Times...more
Enhanced Capital, a New York-based impact investment firm, says it has created more than 53,000 jobs, offset 1.8 million metric tons of carbon emissions, and invested $3.7 billion in community...more
Foundation: Marguerite Casey Foundation, Marguerite Casey Foundation, Kresge Foundation
Stephen Stephens' father died of cancer when he was 53, and his message to young people has stayed with him. "Always do the right thing son," he tells Fast Company. "That message has always...more
Foundation: Indianapolis Foundation
Lynne Arriale's new album, Being Human, is all about "people who exemplify Passion, courage, love, curiosity, and other human qualities," the Florida pianist tells Rita Kohn of the Indianapolis...more
"If the class register were anything to go by, education would be one of modern civilization's greatest success stories." That's what Peter Wilson, a member of the UBS Accelerate Collective, had...more
Foundation: Gates Foundation
Melinda French Gates is stepping down as co-chair of the Bill & Melinda Gates Foundation, which she founded with her ex-husband Bill Gates more than 20 years ago. As part of an agreement made...more
Ahmad Al-Mallahi is a professor of agricultural engineering and sensing technologies at Dalhousie University in Halifax, Canada, and he's spent the past five years developing technology that could...more
Deforestation in south-east Asia could slash the region's GDP by 35%, according to a new report from Reuters. And that's not all. The report also finds that $100 billion pledged to fight...more
Social Entrepreneurship
Spotlight
Celebrity Chef Jamie Oliver Backs Social Saturday
UK will be celebrating its first national celebration of social enterprises dubbed as Social Saturday. World famous celebrity chef Jamie Oliver, who founded the Fifteen restaurant chain.
