Spelman College has received a historic donation.
Jan 18, 2024
Angel Reese is spreading her good fortune.
Aug 21, 2023
Tyler Perry is helping nearby senior citizens with a timely donation.
Feb 15, 2023
Kyrie Irving has made a significant donation that will help a Howard University student continue her studies.
Dec 16, 2022
Charles Barkley is donating $1 million to Jackson State University, but that’s not all.
Dec 14, 2022
A passage in the Bible says to direct your children on the path they should follow, and when they are older, they won’t depart. And, entrepreneur Dale Thornton is a testament to this.
Oct 18, 2022
God’s plan! As AfroTech just told you, Drake recently stitched a deal with online gambling company Stake with plans to share the wealth with others. In a clip posted by the artist on Instagram, he reveals he experienced his “biggest hit ever” during an online roulette game on the platform. Therefore, he decided it was time to deliver on his promise. “Anytime I get blessed like that, I always think it’s good karma that needs to be transferred,” he said. In a collaborative effort with both Stake and LeBron James, the duo invited Toronto student-athlete Michael, who plays at Royal Crown Academic School, alongside his mother to surprise them with $100,000 at Toronto’s Harbour 60 restaurant. In the clip, he shared that he would bless Michael. “I respect your hard work a lot but I respect work your hard work more. On behalf of me and my brother at Stake, we wanted to give you this. It’s $100,000 and hopefully, it just makes this journey just a little easier,” Drake said to Michael and his...
Mar 24, 2022
These Philadelphia natives are giving back to the community in a huge way. According to information shared exclusively with AfroTech, Philadelphia 76ers partner Michael Rubin has teamed up with Meek Mill and Kevin Hart to donate $15 million to 110 Philadelphia schools serving low-income students. The donation will assist thousands of students from underserved families during the 2022-2023 school year. The latest move is in addition to plans that are already in motion to continue providing those underserved in the Philadelphia area with the resources needed to thrive.
Jan 12, 2022
Afrobeats artist Davido took to his Twitter platform on Nov. 17 to make a bold financial request of his social media followers that would cement a new tradition for the “Fall” singer to celebrate his birthday. “If u know I’ve given you a hit song .. send me money,” he said via Twitter. If u know I've given you a hit song .. send me money …. una know una selves oo 😂😂😂🥰🥰🎉🎉 — Davido (@davido) November 17, 2021 The newly turned 29-year-old followed the tweet by sharing his Wema bank account information and jokingly telling his supporters he would need $100 million Nigerian naira ($243,000 USD) to clear his Rolls-Royce from a port. Within minutes, the Nigerian-American artist had racked in over $15,000 USD and he made sure to keep fans and his peers updated with screenshots of incoming transactions. The amount would soon climb to $200 million Nigerian naira (over $487,000 USD) shattering Davido’s expectations. Then, Davido shared with his audience of 22 million users on his Instagram...
Nov 22, 2021
Denzel Washington directed and starred in an award-winning film inspired by Historically Black College and University (HBCU) Wiley College in 2008. Now he’s paying his respects back to the college with a generous gift from his family foundation. According to an announcement, the Denzel Washington Family Foundation has paid its fourth $100,000 installment toward its $1 million commitment to the Texas HBCU in support of students on the legendary Wiley College debate team. Wiley College was home of the film, “The Great Debaters,” that depicted Washington as a college professor who helped coach the university’s student-led team on its 10-year winning streak in the 1930s, according to a press release. The movie showed how the team went on to pioneer interracial collegiate debates during the Jim Crow era. The release also reported that Washington’s family foundation made its first $1 million pledge to the college back in 2007, and continued donating $100,000 each year for a decade. The...
Jul 29, 2021
Billionaire philanthropist and investor Robert F. Smith established the Student Freedom Initiative (SFI) to aid Black students attending Minority Serving Institutions (MSIs) and offer them more career choices without dealing with the disproportionate burden of college debt. Now Smith’s initiative is receiving financial assistance from networking giant Cisco through a $150 million donation that will support Historically Black Colleges and Universities (HBCUs). According to Fast Company, the funding will be divided up between $100 million — which will be allocated toward networking, security and collaboration technologies to aid in advancements of HBCUs’ technology infrastructure and cybersecurity systems. The remaining $50 million will serve as an anchor investment for the initiative to finance the college educations of 500 HBCU students each year for the next four years. “We are thrilled to welcome Cisco and AVC Technologies as strategic partners for SFI in addressing the digital...
May 24, 2021
Howard University’s School of Business announced today that it’s received a $4.9 million gift from Warner Music Group and the Blavatnik Family Foundation Social Justice Fund to fund the development of a new music business center. According to an announcement from the university, the new center will operate as an academic hub to help support students pursuing career endeavors in music business management. “I’d like to thank the Warner Music Group and the Blavatnik Family Foundation Social Justice Fund for this significant gift to launch the music business center at Howard University. The contributions of African-American artists to the music and entertainment business are significant, but people of color are still underrepresented on the management side of the industry,” Howard University President Wayne A. I. Frederick shared in a statement. “This gift to the School of Business honors the historic legacy Black people have made in the industry while making a crucial investment in...
Mar 2, 2021
Black tech founders are positioning HBCUs to become contenders in the field of eSports, and Georgia-based organization Pharaoh’s Conclave (PCX) is maintaining this mission with its latest donation. According to Black Enterprise, Pharaoh’s Conclave — Georgia’s leading organization for diversity and inclusion in competitive video gaming — has shared that — in partnership with the Thomas Family Fund — they’ve made a $160,000 contribution toward Morris Brown College to establish the Ronald Floyd Thomas Center for eSports and Innovation. The decision from Morris Brown College Board of Trustees was unanimously approved to establish the center back in October 2020. “I am so grateful for the gift from the Ronald Floyd Thomas family and Pharaoh’s Conclave,” Dr. Kevin James — President of Morris Brown College — said in a written statement. “This designated gift will help take our new eSports program to the next level. I am so excited that Morris Brown College can lead as Georgia’s first State...
Jan 12, 2021
The support for HBCUs and Black-led businesses has been at an all-time high this year, and more companies and entrepreneurs are stepping up to be reliable assets for funding. Recently, Maurice Jones — President and CEO of the Local Initiatives Support Corporation (LISC) — helped donate over $100 million to Black-owned businesses and HBCUs through public and private funding, Shoppe Black reports . So far, Jones and LISC have been able to source $25 million from Netflix, $60 million from Lowe’s, $40 million from Jeff Bezos’ ex-wife, MacKenzie Scott, Black Business reports . As stated by Jones, LISC is a community development finance organization that provides access to capital, grants, loans, equity investments, tax credit equity, affordable housing, and technical assistance to places like schools, healthcare centers, and organized groups. LISC uses their services to “catalyze opportunities with the real focus on underserved and communities of color.” According to Jones , LISC...
Aug 4, 2020
Earlier this week, MacKenzie Scott opened her purse for six HBCUs , reports CNN. In a post published to Medium, Jeff Bezos’ former wife pledged to donate a portion of her wealth to several organizations and institutions. The lucky recipients? Howard University, which received $40 million; Hampton University, which received $30 million; Tuskegee University, which received $20 million. Plus, Xavier University of Louisiana — who said the donor wished to remain anonymous — and Morehouse College also announced that they each received $20 million donations and were all named on the list. However, Spelman College did not disclose the donation amount. “I began work to complete my pledge with the belief that my life had yielded two assets that could be of particular value to others: the money these systems helped deliver to me, and a conviction that people who have experience with inequities are the ones best equipped to design solutions,” Scott said of the 116 organizations she donated to,...
Jul 30, 2020