Considering all the barriers that have been put into place over time to prevent Black people from attaining an education, it was no wonder why such a philanthropic effort has been made to donate money to assist with schooling. Statistics show that Black folks are among the most giving people in the country, and have been for a long time despite disproportionate economic disadvantages.
A joint W.K. Kellogg Foundation and Rockefeller Philanthropy study, released in 2012, revealed that African Americans donate a larger share of their income to charities than any other group in the nation.
Black folks give at a high rate even though their family median household income was around $20,000 less than all other families in America, according to the Brookings Institution. The gap between Black and white median income has persisted over the past 50 years.
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That is especially true in the context of education, as shown by HBCU Hampton University, which in September offered to pay tuition for students enrolled at the University of the Bahamas who were affected by Hurricane Dorian. That generous effort came on the heels of billionaire Robert F. Smith vowing to pay off all of the student loan debt for the entire 2019 graduating class of Morehouse College.
Smith donated $50 million to Cornell University, his alma mater, in part to support African American and female students at Cornell University’s College of Engineering.
One year earlier, Beyonce and her husband Jay-Z donated more than $1 million in scholarships to students who lived in cities they were touring in 2018.
That followed rapper Nicki Minaj providing 37 scholarships to students and basketball star LeBron James vowing to pay for 2,300 students to attend the University of Akron.
Source: A Timeline Of Giving: Black Philanthropists’ Long History Of Donations In Education
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