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Posts tagged as “The United Negro College Fund”

United Negro College Fund Mobilizes to Aid Struggling HBCUs and Students During COVID-19 Crisis

(image via uncf.org)

Recently, The United Negro College Fund worked in concert with several organizations, institutions, and elected representatives to secure $1 Billion in funds for Historically Black Colleges and Universities from the $2Trillion stimulus relief package passed by Congress and signed by Donald Trump in response to the COVID-19 crisis.

Getting those funds to those in present need, however, is another story.  So the UNCF is concurrently making aggressive efforts to support HBCUs and displaced students who face new issues because of the growing pandemic, such as need of technology support to continue learning, housing, and food.

Many UNCF-supported students come from communities where, even if they have the tools to get online, broadband access is limited or unavailable, so continuing their education solely online is made all that more difficult. Students’ part-time jobs have been temporarily eliminated. Some students find it financially difficult to get back home, and some have no homes to which to go.

“We pray that students, our member institutions, families, friends and colleagues are staying safe and taking necessary safety provisions to protect themselves. This is an unprecedented situation for all of us, but we are up to the challenge. UNCF is working rapidly to help address the critical emergency needs of our students and HBCUs particularly because the needs of these institutions are especially acute,” said Dr. Michael L. Lomax, UNCF’s president and CEO.

“We at UNCF know that foundational HBCU legacies, dreams of a college education and brighter futures, and the important work of UNCF must not be washed away by such turbulent times.”

UNCF has established an emergency fund to help students continue their education and to maintain the sustainability of our member institutions, and is currently working with several partners to provide member HBCUs with the tools, technologies and training to support distance learning and provide emergency resources for their student bodies that includes students’ access to laptops, tablets and broadband to continue their studies.

UNCF is also activating donors and supporters and ramping up fundraising efforts, so it can support students, colleges and universities and itself through this unprecedented trial.

“Donations to UNCF.org will help UNCF to continue to support our work and to provide vital support to our schools and their students with these issues during this critical time,” Lomax said.

“We are laser-focused on mitigating what’s happening now and, on our work, ahead. While UNCF, HBCUs and our students are in uncharted waters, we will persevere together with our partners, foundations, corporations and other generous individuals, like you, who make our work possible and believe so strongly in our mission. Our commitment to closing the educational attainment gap for African Americans and other underserved populations is as strong as ever. Because a mind is a terrible thing to waste, but a wonderful thing to invest in.®”

To help HBCUs and their students in need via UNCF, click here.

UNCF Report Shows HBCUs Positive, Multi-Billion Dollar Impact on U.S. Economy

(via images.uncf.org)

via jbhe.com
The United Negro College Fund (UNCF) released a new report on the economic impact historically Black colleges and universities have on the nation’s economy. The study prepared by the University of Georgia’s Selig Center for Economic Growth, found that the nation’s HBCUs contribute nearly $15 billion to the nation’s economy.
Among the other findings in the report are:

  • Every dollar spent by a HBCU and its students generates $1.44 in initial and subsequent spending for the institution’s local and regional economies.
  • HBCUs generate roughly 134,000 jobs for their local and regional economies.
  • HBCU graduates, over 50,000 in 2014, can expect work-life earnings of $130 billion — an additional $927,000 per graduate — 56 percent more than they could expect to earn without their HBCU degrees or certificates.

Michael L. Lomax, president and CEO of the UNCF, stated that “HBCUs not only provide a college education for 300,000 students every year, but they are a powerful economic engine: locally, through the jobs they create and the expenditures they make in the cities where they are located, and nationally, through the students they educate and prepare for an information-age workforce. The study demonstrates conclusively that HBCUs are not only relevant to the country’s economic health and vigor, they are necessary.”
The full report, HBCUs Make America Strong: The Positive Economic Impact of Historically Black Colleges and Universities, may be downloaded here.
Source: https://www.jbhe.com/2017/11/united-negro-college-fund-analysis-show-the-economic-impact-of-the-nations-hbcus/