Reinvestment Fund Launches $50 Million Initiative to Strengthen HBCUs Nationwide

Dr. Ibram X. Kendi at the UNCF UNITE convening in Atlanta last month. Reinvestment Fund, a Community Development Financial Institution with offices in Philadelphia and Atlanta, has launched the HBCU Brilliance Initiative, a comprehensive program designed to bolster the financial stability of Historically Black Colleges and Universities (HBCUs) across the country. The initiative combines $40,000 grants with low-interest loans of up to $1 million per participating institution. Reinvestment Fund has committed more than $50 million total to support HBCU financial health and sustainability. “The HBCU Brilliance Initiative program is essential to building thriving, sustainable communities of higher education for Black students,”

The post Reinvestment Fund Launches $50 Million Initiative to Strengthen HBCUs Nationwide appeared first on HBCU News.

Verified by MonsterInsights