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"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
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
For two days in March, music fans gathered in Phoenix's Steele Indian School Park for the McDowell Mountain Music Festival, which featured electronic dance music (EDM), R&B, and indie rock. But...more
Foundation: Rockefeller Foundation, Winthrop Rockefeller Foundation
The University of Arkansas at Pine Bluff is honoring five people for their "extensive community involvement, philanthropic endeavors, and exemplary service to the community," per a release. The...more
"I was working in corporate America for one of the world's largest retail companies, and it was challenging and wonderful in many ways. But I was finding my truest fulfillment on Saturday...more
If you're looking for a way to give back to your community, FirstBank has just the thing for you. The bank's Charitable Foundation is holding its first-ever Better Giving for Greater Impact...more
It's a sign of the times: A real estate research firm has been bought by a private equity firm in a deal that values the company at more than $1 billion. The New York Times reports on GRESB's...more
"The climate time-bomb is ticking. We need to seize the opportunity to invest in credible innovations that can contribute to reaching our global targets," UN Secretary-General Ant ? nio Guterres...more
Matt Damon and Gary White are putting their money where their mouth is. The two are co-founder and CEO of WaterEquity, a nonprofit that aims to improve access to safe water and sanitation around...more
Repsol, Spain's largest oil and gas company, is under fire from environmental groups for "greenwashing" its fuelsmeaning using palm oil instead of natural gasand is now facing a lawsuit from another...more
The Toronto Stock Exchange kicked off its new social, environmental, and economic justice-focused exchange this week with the debut of SVX Impact Index, a first-of-its-kind database that tracks the...more
Foundation: New York Community Trust
Nearly 5,000 kids in the New York area will get a boost in their academic and sports lives thanks to the Heisman Trophy Fund for Youth Development. The fund, a partnership between the Heisman...more
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Global Fund for Women
Tides Foundation
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Community Foundation of Broward
Rhode Island Foundation
Porter County Community Foundation
Community Foundation of Jackson Hole
Luzerne Foundation
Community Foundation of Western North Carolina
Winona Community Foundation
Social Entrepreneurship
Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
