Howard College Receives Largest-Ever Alumni Donation | Information
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Philanthropist couple and Howard College alums Eddie and C. Sylvia Brown are making the biggest alumni donation the HBCU has ever acquired.
In keeping with a press launch, the Browns pledged $5 million, which will likely be allotted towards Commencement Retention Entry to Continued Excellence (GRACE), a need-based fund established by Howard College President Dr. Wayne A. I. Frederick in 2014.
“We’re extraordinarily grateful to Eddie and Sylvia for making this historic reward to Howard College,” Frederick mentioned within the launch. “The GRACE Grant has helped to eradicate monetary limitations to schooling for Howard college students, and I’m thrilled that the Browns had been impressed to commit such a beneficiant reward to this necessary fund. My hope is that college students will likely be impressed by their story and generosity and that others in our alumni neighborhood will take into account the numerous methods they, too, can impression present and future generations of Howard college students.”
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The Browns say they’re giving again as a result of Howard offered them alternative as a neighborhood organizer assisted them in moving into the varsity after they had little cash rising up.
“I moved to Allentown, Pennsylvania after I was 15,” Eddie Brown mentioned, in keeping with the college. “We had a neighborhood organizer that might look out for the younger Black youngsters locally. He got here to me and my mom sooner or later and mentioned, ‘I used to be contacted by a lady who desires to assist a younger African-American scholar go to school.’ And it was my tenth grade English instructor, really, who was a graduate of Howard [who] mentioned, ‘It’s best to go to Howard College.’”
Eddie later was awarded a full-ride scholarship attributable to his household’s monetary scenario that might permit him to graduate with a level in electrical engineering. He later went on to be founding father of Baltimore-based Brown Capital Administration, which right now manages $17.3 billion in property and is likely one of the oldest Black-owned asset administration firms within the nation.
“We had been very lucky to have the ability to go to Howard,” Sylvia Brown mentioned. “I had scholar loans, and I understand how exhausting that’s. Being from a household of 4, my mother and father did the very best they might, however that was by no means sufficient to pay for all of the charges. And that’s been our mantra, to provide to others and assist them not less than be capable to get an undergraduate diploma in order that they have a great basis.”
“Our solely hope is that college students who profit from our contribution do their finest,” she added.
GRACE Grant supplies monetary reduction for college kids and goals to extend on-time commencement charges. In keeping with Howard College, college students in this system expertise a 17 % enhance in retention and a mean four-year commencement charge of 78 %, compared to those that didn’t obtain the grant.
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