Endowment Fund has distributed $1.6 Million to 32 HBCUs
CHICAGO, Sept. 11, 2019 /PRNewswire/ — Alpha Kappa Alpha Sorority, Incorporated® seeks to raise $1 million in 24 hours for a second consecutive year during HBCU Impact Day on September 16, 2019. As part of a four-year $10 million fundraising goal, AKA International President Dr. Glenda Glover is leading the challenge for contributions that can help to secure fiscal sustainability and success across all Historically Black Colleges and Universities (HBCUs).
“This year, we are simultaneously launching a ten-month campaign to secure larger corporate giving matches, corporate pledges and donations to our AKA-HBCU Endowment Fund, while continuing our efforts to support these all-important educational institutions,” said Dr. Glover, who is also president of Tennessee State University, and an HBCU graduate.
On September 16, as part of the sorority’s recognition of HBCU week, chapters of Alpha Kappa Alpha Sorority will host fundraising events around the globe. Donors can make contributions by texting AKAHBCU to 44321, giving by mail or online at http://aka1908.com/hbcus/donate-hbcu during the 24-hour campaign. Money raised through HBCU Impact Day will assist in providing financial support to these schools over the next three years.
“Last year, our members and supporters surpassed our million dollar goal in one day, and we began distributing funds almost immediately to support HBCUs around the country,” added Dr. Glover.
“This was a historic moment for Alpha Kappa Alpha, but it was also just as historic and meaningful for our HBCU families.”
In February, AKA gifted $1.6 million from their AKA-HBCU Endowment Fund to 32 HBCUs. Presidents from these institutions joined Dr. Glover and sorority leadership at a special Black History Month program at the Ivy Center International Headquarters in Chicago, Illinois.
Organizations that provided the largest corporate matches to the AKA-HBCU Endowment Fund in 2018 were Caterpillar, General Electric, Hilton, Houston ISD, IBM, SAP America, State Farm Companies Foundation, UnitedHealth Group, and Wells Fargo Bank.
These endowment funds can help schools reduce student debt through scholarships, fund industry-specific research, recruit and retain top faculty, and much more. According to The Network Journal, roughly a quarter of all African Americans with bachelor degrees graduated from an HBCU (22%). HBCUs have historically served all people regardless of race or economic standing and continue to do so. These schools are often the largest employer in rural areas, and educate students from pre-K through college via teacher education programs, charter schools and early college high schools housed on their campuses. AKA believes the importance of these environments of higher learning and the need to support them has never diminished.
For a complete list of institutions funded in the first cycle from the AKA-HBCU Endowment Fund, and more information on the sorority’s commitment to HBCUs, visit our online pressroom at www.AKA1908.com/news-events/.