The Royal Women of pink and green have pledged distribute $10 million in financial support to 96 accredited HBCU institutions. The sorority partnered with Educational Advancement Foundation (EAF) to establish the AKA-HBCU Endowment Fund, specifically designed to provide much-needed funding and financial stability to our historic black colleges and universities.
“As an HBCU graduate and someone who has dedicated my life’s work to the HBCU community, I personally know that the financial challenges of many institutions have an impact on student enrollment, retention and graduation rates,” said Alpha Kappa Alpha Sorority, Inc. International President Dr. Glenda Glover in a statement. “Implementing an endowment fund is a critical need and has been a priority for my administration since I took office last year. Alpha Kappa Alpha’s 111-year history is deeply interwoven into the history of HBCUs and therefore it is imperative that we continue to invest in these treasured institutions.”
One of the schools that will benefit from the funding is Bennett College for Women in North Carolina. The college had to meet a $5 million fundraising goal by February to have the school’s accreditation reinstated, but they fell short $1.5 million. Other schools include Albany State University, Fort Valley State University, Grambling State University, Mississippi Valley State University, Miles College and Southern University at New Orleans.
On February 28, the 32 presidents of these HBCUs will gather at the Alpha Kappa Alpha International Headquarters in Chicago to receive their first endowment installment of $50,000.
A working journalist, entrepreneur and founder of RoyalTee Enterprises. Born and raised in Tampa, Fla. The vision of RoyalTee was inspired in 2015 by Alexia’s ambitions to return to her passion for creative writing and publishing and create a platform to showcase the excellence of minority women across the country through professional, personal and social ventures.