"HBCUs do more with less." All month long theGrio is highlighting HBCU life, and Michael Harriot welcomes Ed Smith-Lewis from United Negro College Fund to discuss an exciting new investment that will enrich the college experience for students nationwide. The HBCU Transformation Project has received a $124M investment from Blue Meridian Partners to increase enrollment, improve efficiency, and restore struggling infrastructure. The pair discuss the value of focusing on HBCU campus needs just as much as student scholarships.
The HBCU Transformation Project, a coalition of 40 historically Black colleges and universities, on Wednesday announced a $124 million gift from philanthropic funders Blue Meridian Partners to increase enrollment, graduation rates and employment rates for the schools' graduates. Michael Lomax, president and CEO of UNCF, which is acting as an intermediary overseeing the funding, called the donation a vote of confidence in the coalition, which includes public and private schools. “This very significantly scaled grant from them signals to the philanthropic community that this is a really good investment to make,” he said of the Blue Meridian gift.
The HBCU Transformation Project, a coalition of 40 historically Black colleges and universities, on Wednesday announced a $124 million gift from philanthropic funders Blue Meridian Partners to increase enrollment, graduation rates and employment rates for the schools’ graduates