Lilly Endowment Grants Historic $100 Million to HBCUs in Largest Donation for UNCF’s Capital Campaign


FILE - In this June 5, 2014 file photo, Michael Lomax, president of the United Negro College Fund, poses for a portrait by a painted mural in Washington. The United Negro College Fund announced a gift of $100 million from the Lilly Endowment, as part of its larger capital campaign to bolster the endowments of the 37 historically Black colleges and university that form its membership. (AP Photo/Jacquelyn Martin, File)
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The United Negro College Fund (UNCF) has revealed groundbreaking news: HBCUs are set to receive a historic $100 million gift from the Lilly Endowment, marking the largest donation in the 80-year history of the 37 affiliated HBCUs.

This significant contribution is part of UNCF’s ambitious $1 billion capital campaign, aiming to boost student scholarships, HBCU endowments, technology, research, cash reserves, and endowed funds.

A study by the Century Foundation highlights the vital need for increased support, as private non-HBCU endowments are seven times larger per student, and public non-HBCU institutions are three times larger than their HBCU counterparts.

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