HBCUs get largest unrestricted gift in 80 years ...Middle East

The United Negro College Fund (UNCF) announced on Thursday that the Lilly Endowment Inc. will be donating $100 million to historically Black colleges and universities (HBCUs).  The donation is the largest unrestricted gift to the 37 HBCUs in the UNCF in 80 years, and part of a $1 billion capital campaign to boost the institutions’ financial longevity and student attendance.  The group also plans to raise $370 million for a shared endowment for HBCUs, to be pooled and managed by the fund. These endowments would become permanent assets of the institutions.  "The UNCF programs we have helped fund in the past have been successful, and we are confident that the efforts to be supported

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