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UNCF secures $350,000 in operational funding for its Project ACCLAIM initiative to support six HBCUs, enhancing career readiness and institutional wealth. This funding is led by philanthropists Phill and Elizabeth Gross and Adage Capital Management.

Jul 31, 2026•9 days ago
Washingtonfund-raising

Description

UNCF has launched a seed-grant program under Project ACCLAIM, offering up to $350,000 to support six historically Black colleges and universities. The initiative aims to diversify the asset management industry through hands-on student investment management experience. The funding will help these institutions establish their own managed investment funds over the next three years. The program builds on previous support and expands opportunities for HBCU students.

Company Information

Company

UNCF

Location

1805 7th Street Northwest

Washington, District Of Columbia, United States

About

The United Negro College Fund (UNCF) is an American philanthropic organization that funds scholarships for black students and general scholarship funds for 37 private historically black colleges and universities. Its slogan is 'A mind is a terrible thing to waste.'

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