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From UNCF to AKA, Here Are The Best HBCU Scholarships

Historically Black colleges and universities (HBCUs) were founded to offer Black students the opportunity to pursue higher education. They weren’t admitted into primarily white institutions, causing HBCUs to not only become a resource for education but a safe space. To this day, Black students, non-Black students of color and white students attend HBCUs for the purpose of advancing their studies and expanding their cultural awareness. Through donations and some government funding , HBCUs continue to make this possible for their student body. As grants and loans are offered, so are university scholarships. Here’s what we know about the best HBCU scholarships. Scholarships Offered By HBCU Partners To the surprise of some, HBCUs do offer full-ride scholarships. Students who meet certain criteria can also combine partial scholarships with grants. More than 75% of students at HBCUs receive grants, and 13% of students pursue loans. The United Negro College Fund (UNCF) awards more than...

Billionaires And Businesses Are Backing HBCU Medical Programs

Historically Black Colleges and Universities (HBCUs) need money to continue to bring quality education to their students. Fortunately, well-known companies are donating to these programs that serve Black students, non-Black students of color and white students. Among these HBCU industry supporters are Boeing , Northrop Grumman Corporation , IBM , Microsoft Corporation and General Motors . Government and nonprofit HBCU supporters include NASA , the Air Force , the Army Corps. , the Navy and the U.S. Department of Defense . And while all HBCU programs are significant, there’s a particularly notable number of doctors who come from HBCUs. The National Center for Education Statistics reports that, in 2021-22, 61% of the 3,000 doctor’s degrees were awarded by HBCUs. Here’s our list of companies that support HBCU medical undergrad programs. UMG Supports HBCU Medical Programs Universal Music Group (UMG) has partnered with HBCUs to further open the pipeline of Black medical practitioners....

National Park Service To Distribute $10.7M In Grants To Preserve HBCUs Across 8 States

New funding will be allocated to preserve some of the nation’s Historically Black Colleges and Universities (HBCUs). According to a press release, the National Park Service will allocate $10.7 million to support 15 projects within eight states under the Historic Preservation Fund’s (HPF’s) HBCU grant program. Per its website, the program is intended to “identify and restore historic structures on Historically Black College & University (HBCUs) campuses considered to be the most historically significant and physically threatened.” In fiscal year 2023, Congress provided financial support for the Historically Black Colleges and Universities Grant Program through the fund. HPF, founded in 1977, had been approved for $150 million yearly toward historic preservation grants through 2024 and has contributed $2 billion to these efforts across states, tribes, local governments, and nonprofit organizations. The National Park Service has distributed $60 million in grants since the 1990s to more...

Jul 15, 2024

'I Didn’t Have Any Position To Ask For Nothing' — Jasmine Guy Built A $4M Net Worth, But Once Made $6K A Week On 'A Different World'

When many people think of Black, fictional couple goals — “Dwayne Wayne” and “Whitley Gilbert” of “A Different World” likely come to mind. Now, there is a monster-sized list of why one can argue how those two are not goals. However, no matter where you land on the side of loving or hating the roller-coaster relationship between Dwayne and Whitley, what made them so iconic was the portrayal by real-life actors Kadeem Hardison and ’90s “it” girl Jasmine Guy. The on-screen love story between the two actors made the allure of attending an HBCU even more appealing to students already locked in on the idea of Black colleges. Hillman University was a fictional place, but “A Different World” made it seem real and brought HBCU culture to the homes of millions each week. And Dwayne and Whitely were at the center of that television magic. While Hardison deserves his flowers for the work he did on the show, Guy brought something unique and special to the character of Whitley that made her the...

Aug 25, 2022

Future Of STEM Scholars Initiative To Provide Scholarships To Over 100 Students Attending HBCUs For 2022

The Future of STEM Scholars Initiative (FOSSI) has announced a new group of students that it’s set to financially support. According to a press release, the national chemical industry-wide program has welcomed 144 new scholarship recipients for 2022, who will be pursuing Science, Technology, Engineering, and Mathematics (STEM) degrees at Historically Black Colleges and Universities (HBCUs). FOSSI is set to provide $40,000 scholarships. “From academic performance to community engagement, these 144 FOSSI scholarship recipients have clearly demonstrated their commitment to excellence,” FOSSI Chairman, Mark Vergnano shared in a statement, according to the press release. “We are thrilled to support their HBCU education and future career aspirations, helping to eliminate financial barriers and providing mentoring and career development at our 60 sponsoring organizations .” The press release notes that within the group, which represents 25 states, are students planning to major in nearly...

Jul 20, 2022

Base10 Partners And Robert F. Smith's Student Freedom Initiative Join Forces To Decrease Barriers In Accessing Capital For HBCUs

A leading Black firm in venture capital is working with one of today’s top Black founders. According to a press release, Base10 Partners and Robert F. Smith’s Student Freedom Initiative have joined to provide Historically Black Colleges and Universities (HBCUs) with more access to venture capital.

Jun 15, 2022

Lionel Richie's Three Children Are His Endless Loves — And The Heirs To His $200M Fortune

Lionel Richie may be known, today, for his judging role on “American Idol” — but he’s a bonafide R&B legend (He’s also an HBCU graduate!). After first coming to prominence as part of the 1970s funk & soul collective, The Commodores, he launched a successful solo career in the 1980s. During this solo career, according to the Songwriter’s Hall of Fame, he became one of the most successful balladeers of the 20th century, racking up sales totaling more than 100 million copies of his albums sold worldwide. In the process, he also secured an Oscar win and four Grammy Awards. And if all that wasn’t enough, he teamed up with the legendary Michael Jackson to record the mega-smash “We Are The World” benefit single. All told, Lionel Richie never had to record another note again — especially once his breakthrough solo album, “ Can’t Slow Down,” was certified diamond by the RIAA. Yet, his career continued on an upward trajectory, earning him the legendary status he continues to enjoy today....

President Biden To Appoint Actress Taraji P. Henson And NBA Player Chris Paul To HBCU Advisory Board

Supporting Historically Black Colleges and Universities (HBCUs) appears to be a unified effort. Joe Biden is set to appoint “qualified and diverse” leaders in education, sports, and more to the President’s Board of Advisors on Historically Black Colleges and Universities. The responsibilities of the board members will be to “increase the capacity of HBCUs to provide the highest-quality education to its students and continue serving as engines of opportunity,” according to the press release from the White House. Actress Taraji P. Henson and NBA All-Star Chris Paul are expected to be on the board. They will be joined by Makola M. Abdullah, Javaune Adams-Gaston, Paige Blake, Thasunda Brown Duckett, Willie A. Deese, Patrick Cokley, Monica Goldson, William F. L. Moses, and more. The new additions come after President Biden named Dr. Tony Allen as chair and Dr. Glenda Glover as Vice Chair of the President’s Board of Advisors on HBCUs in 2021. Dr. Dietra Trent was also named executive...

Apr 1, 2022

Beyoncé, JAY-Z and Tiffany & Co. To Support HBCUs With $2M Scholarship Fund

Jay-Z and Beyoncé are giving back to Historically Black Colleges and Universities (HBCUs) with their latest scholarship fund. After breaking the internet with their Tiffany & Co. ABOUT LOVE campaign, the power couple has recently announced the ABOUT LOVE scholarship. View this post on Instagram A post shared by BeyGOOD (@beygood) According to a press release, “Tiffany & Co. pledged USD $2M in scholarship funding for students in the arts and creative fields at Historically Black Colleges and Universities (HBCUs).” “This opportunity is timely as our students come from many different socioeconomic backgrounds. These funds will have a tremendous on who we recruit and our students’ success as they move on to graduate and professional schools and into their careers,” said Dr. Jack Thomas, the President of Central State University, in a statement. The scholarship is in partnership with Tiffany & Co., BeyGOOD and the Shawn Carter Foundation. The press release states a $2 million donation...

Sep 9, 2021

The Home Depot Just Awarded Grants Ranging From $20K to $75K To 30 HBCUs

The winners are in! According to PR Newswire , in this 12th installation of its Retool Your School program, The Home Depot doubled its commitment to $1 million. This year, 30 campus improvement projects will be funded at various Historically Black Colleges and Universities (HBCUs). This is the most projects to be completed in one year through the program. Tougaloo College is one of the top performers this season and even won the Campaign of the Year award ultimately walking away with $120,000 from Retool Your School. “Since 2009, The Home Depot has continued to increase its investment in campus improvements for HBCUs,” said The Home Depot’s Chief Diversity, Equity & Inclusion Officer Derek Bottoms in an official news release . “We are ensuring HBCU students have an upgraded environment that enhances their educational experience as they progress on their journey to become the next generation of leaders. ” To commence the voting season, a virtual Retool Your School Winners Ceremony...

Apr 17, 2021

Hampton University, Howard University, North Carolina A&T Receive $1M in Grants From the PSEG Foundation

The PSEG Foundation — the philanthropic arm of Public Service Enterprise Group Inc. which prioritizes investments in environment, safety, STEM education & workforce development and diversity & inclusion — has announced plans to provide $1 million in grant funding for three esteemed HBCUs to support STEM education. Recipients of this grant funding are Hampton University, Howard University and North Carolina Agricultural and Technical State University. According to a press release, PSEG Foundation aims for these grants to diversify the STEM workforce through each university’s respective programs. As a result, the funding will help generate a talent pipeline of underrepresented students to prepare the next generation of Black STEM leaders to create change in fields like environmental science, sustainability and social justice. “HBCUs have a long history of offering an exceptional educational experience while enriching the lives of Black students and families and providing the resources...

Mar 26, 2021

The Home Depot Doubles Commitment to HBCUs, Pledges $1M to Supporting Campus Improvements

The Home Depot is continuing its mission to empower HBCUs with the tools and resources they need. Since its inception in 2009, the Retool Your School School program has been the home improvement retailer’s way to emphasize the vital role that HBCUs play in America. This year The Home Depot is doubling its commitment by providing $20,000 to $75,000 grants to 30 various projects. “Since 2009, The Home Depot has continued to increase its investment in campus improvements for HBCUs,” said Derek Bottoms, chief diversity, equity & inclusion officer for The Home Depot in a press statement. “In addition to other HBCU initiatives supported by The Home Depot over the years, we are doubling our Retool Your School commitment to $1 million for 2021. We are ensuring that upon their return to campus, HBCU students have an upgraded environment that enhances their educational experience as they progress on their journey to become the next generation of leaders.”   View this post on Instagram   A...

Feb 16, 2021

Carver Bank, the Largest African and Caribbean-American Managed Bank, to Bridge HBCU Financial Literacy Gap

Harlem-based Carver Bank, the largest African- and Caribbean-American managed bank in the United States, has announced that it’s partnering with the Society for Financial Education and Professional Development (SFE&PD) to bridge the HBCU financial literacy gap. In a press release, the two organizations said that Medgar Evers College, Howard University, and the University of the District of Columbia are the HBCUs participating in the partnership, for their pilot program. The pilot program will consist of what they’re calling “student ambassadors” to be dispatched to the universities to teach the students about making smarter personal finance decisions. Additional participating HBCUs will be announced in the coming months. “Carver is proud to work with SFE&PD in a groundbreaking partnership with three HBCUs to advance financial skill-building and economic empowerment for the next generation of leaders,” said Michael T. Pugh, President and CEO of Carver Bank, in the press release...

Georgia Power, Southern Company Award Georgia HBCUs Over $1.6M For Critical Technology Needs

Georgia Power is showing its committment to supporting Georgia’s Historically Black Colleges and Universities with a donation toward infrastructure, technology tools, professional development, and more. The company, along with its parent, Southern Company announced that they will provide $1.625 million in funding through the Southern Company Foundation, according to a press release. This gift is part of the Southern Company’s multi-year funding strategy –announced in January 2020 — that will provide HBCU students with leadership development, scholarships, internships, and access to innovation and technology to support career readiness. It is included in the company and its subsidiaries’ $50 million HBCU Initiative. “Georgia Power has been a longtime partner of HBCUs in our state and I am proud we can build on our support for these important institutions through these grants,” said the president of Georgia Power, Chris Womack, in a press statement. “Not only are these schools...

Nov 30, 2020

IBM Partners With HBCUs As Part of $100M Initiative to Diversify Tech Workforce

The tech industry is tapping tomorrow’s future leaders for a powerful plan to innovate the space for all. Last week, Computer hardware company IBM (International Business Machines) announced a joint educational partnership with esteemed schools such as Morehouse College and Clark Atlanta University for their new innovative plan of action. In an effort to develop its first Quantum education and research initiative for HBCUs, IBM has pledged a $100 million investment aimed toward driving more diversity and inclusion in the tech workforce, a press release reports. https://www.instagram.com/p/CFPgMEkBQfe/?utm_source=ig_web_copy_link “We believe that in order to expand opportunity for diverse populations, we need a diverse talent pipeline of the next generation of tech leaders from HBCUs,” said Carla Grant Pickens, Chief Global Diversity & Inclusion Officer at IBM, in a statement . “Diversity and inclusion is what fuels innovation and students from HBCUs will be positioned to play a...

Sep 22, 2020