Philanthropic group gifts United Negro College Fund $100 million grant to help boost HBCU endowments
By Nicquel Terry Ellis The United Negro College Fund has been awarded a $100 million grant from Lilly Endowment Inc. to support a capital campaign that was created in part to boost endowments for historically Black colleges and universities. The award, which was announced Thursday by the UNCF, marks the largest unrestricted private grant the organization has ever received, UNCF president Michael Lomax said in a statement. The UNCF said the grant will help the organization build a pooled endowment fund for its 37 member institutions. The goal is to boost the endowments at those schools by $10 million each, according to the The post Philanthropic group gifts United Negro College Fund $100 million grant to help boost HBCU endowments appeared first on HBCU News.
By Nicquel Terry Ellis The United Negro College Fund has been awarded a $100 million grant from Lilly Endowment Inc. to support a capital campaign that was created in part to boost endowments for historically Black colleges and universities. The award, which was announced Thursday by the UNCF, marks the largest unrestricted private grant the organization has ever received, UNCF president Michael Lomax said in a statement. The UNCF said the grant will help the organization build a pooled endowment fund for its 37 member institutions. The goal is to boost the endowments at those schools by $10 million each, according to the
The post Philanthropic group gifts United Negro College Fund $100 million grant to help boost HBCU endowments appeared first on HBCU News.
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