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Target is putting its money where its mouth is. In 2021, the retail giant announced a commitment to advance racial equity, including increased investments with Black-owned businesses by more than 50 percent. In addition to this commitment, the popular Minnesota-based retailer is enhancing its Target Scholars Program with updated extensions and additional resources.
Black History Month is starting off right with the latest funding coming in for Historically Black Colleges and Universities (HBCUs). The Grio reports that 27 HBCUs have been awarded $20 million in faculty research grants and scholarships from the Thurgood Marshall College Fund-Novartis US Foundation HBCU Alliance. The funding for faculty research grants stems from the collaborative effort that launched in 2021 as a 10-year initiative aiming to “achieve a paradigm shift over time to address longstanding, endemic, and historically based disparities.” According to the outlet, the grants will be distributed in an effort to help improve health disparities within the Black community.
The United Negro College Fund is teaming up with Getty Images to invest in the future of young Black leaders and their history. According to a press release, their partnership includes creating the UNCF-Getty Images Scholarship for students at Historically Black Colleges and Universities (HBCUs). The scholarship will be funded by revenue produced by the inaugural Getty Images Photo Archive Grants for HBCUs, which aims to support the digitization of HBCUs’ visual history. “We thank Getty Images for its partnership and investment in our students’ futures. The Getty Images Photo Archive Grants for HBCUs exemplifies Getty Images’ commitment to support HBCUs and to give a visual life to previously untold stories,” UNCF President and CEO Dr. Michael L. Lomax said in a statement. “There is a wealth of unseen imagery within the archives of HBCUs that have rarely been seen, and these grants from Getty Images will be an essential part of the on-going documentation and preservation of Black...
Historically Black Colleges and University (HBCU) students make the world go round! According to a press release, JPMorgan Chase & Co has partnered with the United Negro College Fund (UNCF) to create the J.P. Morgan Chase Wealth Management HBCU Scholarship. The move is intended to provide support for the Black community by providing them with the resources to achieve business, career, educational and personal financial success. “Systemic racism is a tragic part of America’s history,” said Jamie Dimon, the banking giant’s chairman, and CEO in a press release. “We can do more and do better to break down systems that have propagated racism and widespread economic inequality, especially for Black and Latinx people. It’s long past time that society addresses racial inequities in a more tangible, meaningful way.” Available to students who will be full-time college sophomores in the Fall 2021 semester, the scholarship opportunity is for students who are interested in the financial planning...