Philanthropic group gifts United Negro College Fund $100 million grant to help boost HBCU endowments

Media January 11, 2024

“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.”

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