$100M unrestricted donation seeks to boost HBCU endowments

The Lilly Endowment has donated $100 million to the United Negro College Fund (UNCF)—the largest unrestricted donation in the nonprofit’s 80-year history. The gift will support the long-term financial stability of 37 Historically Black Colleges and Universities.

Former Morgan State University student gives $20M for scholarships

Financial struggles forced Calvin E. Tyler Jr. to drop out of Morgan State University in 1963. Almost six decades later, he and his wife are giving the historically Black university $20 million for scholarships to ensure that low-income students can complete their education.