The latest contribution from the Tracking Foundation to the CBCF will help provide scholarships to Black students.
With new funding, the Congressional Black Caucus Foundation (CBCF) plans to help Black students pay for college.
The foundation will use a contribution of $4 million in scholarships from the Tracking Foundation to help Black American students nationwide cover education costs. College costs have been steadily rising for several years, even prompting many individuals to not pursue a degree.
Another analysis showed that Black college students are less likely to gain degrees than their non-diverse peers due to racial discrimination, costly education, and outside factors like caregiving and working full-time duties. The report added that supplying on-campus childcare and boosting scholarships could be ways to help Blacks complete their degrees.
CBCF Board Chair, Terri A. Sewell, stated in her comments, “This generous contribution from Stephen Feinberg through The Tracking Foundation will significantly enhance our ability to empower the next generation of Black American leaders through education.”
Nicole Austin-Hillery, the CBCF’s president and CEO, reflected on this as well. “I am thrilled to announce the momentous partnership with The Tracking Foundation, resulting in a transformative $4 million scholarship endowment. This generous contribution underscores our shared commitment to breaking down barriers and empowering Black American students through education.”
Cedric Richmond, former congressman, White House advisor, and chairman of the Congressional Black Caucus, stressed how investing in education makes a difference.
“Education is the key to unlocking doors of opportunity and building a brighter future for our communities. The collaboration between The Tracking Foundation and the CBCF underscores the vital role education plays in creating lasting change.”
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Source: Black Enterprise
