UNCF Receives $100 Million Grant from Lilly Endowment Inc. to Support Capital Campaign
During a press conference held today at Clark Atlanta University, UNCF (United Negro College Fund) announced that Lilly Endowment Inc. has awarded a $100 million unrestricted grant to support UNCF’s capital campaign.
UNCF is undertaking a bold $1 billion capital campaign that includes five components: student scholarships, unrestricted funds to enhance the endowments for historically Black colleges and universities (HBCUs), capacity-building programs for member HBCUs (such as technology, training and research), cash reserves and endowed funds for UNCF and support for UNCF’s annual campaign.