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


credit:

Black colleges and universities, which had seen giving from foundations decline in recent decades, lately are benefiting from an increase in gifts, particularly from corporations and corporate foundations.

Some have received a new look from companies amid the reckoning over racial injustice spurred by the killing of George Floyd.

But the colleges also have been pitching themselves, emphasizing their ability to deliver returns on the investment in student mobility.

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

At the beverage company Diageo North America, the employee resource group for African Americans shaped a program that has provided almost $12 million to HBCUs, said Danielle Robinson, head of community engagement and partnerships for Diageo.

The money has gone toward scholarships at 29 schools to lessen the debt burden on Black graduates.Historically Black colleges and universities, which had seen giving from foundations decline in recent decades, lately are benefiting from an increase in gifts, particularly from corporations and corporate foundations.

Data is incomplete for more recent years, 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. 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



Why Not Lease A Jeans?


Dutch fashion label, Mud Jeans, has launched its Lease a Jeans brand. The jeans are crafted of organic and recycled cotton and are 100% responsibly produced.



Federal Government Grant and Assistance Programs


Clean Vessel Act | Capacity Building for Traditionally Underserved Populations, Recovery Act. | Tribal Colleges and Universities Program | Animal Health and Disease Research | Agriscience Awards | Rural Rental Assistance Payments | Workforce Innovation Fund | Farm Labor Housing Loans and Grants | | Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy

Edited by: Michael Saunders

© 2008-2024 Copyright Michael Saunders