Created on Tuesday, 17 June 2014 11:20
When the Koch Foundation gave the United Negro College Fund $25 million, it set off a maelstrom of comments in cyberspace and real time. How dare
the UNCF take money from the Koch brothers, some asked. They ought to send it back, said others. One woman told me she would never give to UNCF again because of the Koch donation. Another says the Koch donation changes her perception of UNCF.
The donation will provide $18.5 million in scholarships, money that is badly needed to get some of our young people out of school, especially with the cuts so many experienced because of reduced access to the Parent Plus loan. Another $4 million will go to the 37 UNCF schools for general support, again to make up some of the losses that came from reduced enrollment due to Parent Plus. The remainder goes to UNCF for their general support.