Oakwood University Receives $50K Endowment from Alpha Kappa Alpha Sorority, Inc.
Posted By: Reggie Culpepper on October 28, 2020 |
Oakwood University has received an initial endowment of $50,000 from Alpha Kappa Alpha Sorority, Incorporated® in partnership with the AKA Educational Advancement Foundation®. The donation comes on the heels of the sorority’s recent third annual HBCU Impact Day initiative where more than $1.5 million was raised in one day for the support of Historically Black Colleges and Universities (HBCUs).
Last year, AKA began the process of donating to HBCUs through the AKA-HBCU Endowment Fund with the goal to donate $10 million within four years. The sorority gifted $1.6 million to the first 32 of 96 HBCUs at a ceremony held at AKA’s International headquarters in Chicago. Each HBCU received $50,000 in unrestricted endowment funds as part of a phased approach to help schools reduce student debt through scholarships, fund industry-specific research, recruit and retain top faculty, and other critical operations.
“Given the current economic state of our world, in which we are dealing with a global health pandemic and widespread injustice against people of color, now more than ever is the time for historically Black sororities, fraternities and other HBCU supporters to step up and be of service to our historic institutions of higher education,” said Dr. Glenda Glover, AKA International President and Chief Executive Officer. “I know first-hand the immense challenges HBCUs are facing during this time of uncertainty,” added Dr. Glover, who is also the president of Tennessee State University and an HBCU graduate. “However, I also know that these institutions are resilient and resourceful, which is why Alpha Kappa Alpha is fully committed to investing in our HBCUs and preserving their educational legacy for generations to come.”
While HBCUs have gotten much more favorable attention in the press over the past few months, COVID-19 continues to have an adverse effect on most colleges and universities. Many HBCUs have adjusted to the challenges of educating through a global health pandemic, but financial support is still needed to help maintain daily operations.
PHOTO: (L-R) Cheri Wilson, Executive Director of Advancement, Dr. Karen Benn-Marshall, Assistant Provost and a member of AKA), and Dr. Leslie N. Pollard, President of Oakwood University.
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