Campus News - Page 36

Howard University Receives Transformative $175 Million Gift from Bloomberg Philanthropies to Bolster College of Medicine Endowment

By Larry J. Sanders Howard University announced today a historic $175 million gift from the Bloomberg Philanthropies’ Greenwood Initiative as part of a larger $600 million commitment to the nation’s four historically Black medical schools. Howard University College of Medicine, Meharry Medical College, and Morehouse School of Medicine will each receive a gift of $175 million, and Charles Drew University of Medicine & Science will receive $75 million. The new funding will more than double three of the four medical schools’ endowments. Funding levels were determined by current class size and anticipated growth. In addition, Xavier University of Louisiana, which

$237M Donation to Florida A&M Was ‘Fraudulent’

By Kathryn Palmer The largest donation Florida Agricultural and Mechanical University ever received is “fraudulent” and the donor’s valuation of the gift was “baseless,” according to a third-party investigation by Pennsylvania-based law firm Buchanan Ingersoll & Rooney PC. The 176-page report the firm released this week confirms months of widespread skepticism that donor Gregory Gerami is an impostor: When the little-known but purportedly wealthy young hemp farmer from Texas presented a $237 million check to FAMU’s now-resigned president, Larry Robinson, at the university’s commencement ceremony in May, the spectacle set off a maelstrom of scrutiny. In the days following commencement, Robinson paused the gift, which has

Vanderbilt University Launches Digital Collection of Papers From Rev. James M. Lawson

Courtesy of Vanderbilt University The Jean and Alexander Heard Libraries at Vanderbilt University has recently digitized a collection of papers from Rev. James M. Lawson, a pioneer of the civil rights movement and advocate for nonviolent activism. Housed in the libraries’ Special Collections and University Archives, the collection was originally donated in 2013. Now, the collection can be accessed by students, faculty, and the general public. Lawson enrolled in Vanderbilt Divinity School in 1958. During his time in Nashville, he mentored various civil rights activists and organized various student protests in support of desegregating restaurants in the downtown area. His activism led

Howard’s College of Medicine Receives Historic $175 Million Endowment from Bloomberg Philanthropies

By Amber D. Dodd Howard University will receive $175 million in support of the endowment of the College of Medicine. Howard University President Ben Vinson III, Ph.D., will attend Bloomberg Philanthropies’ announcement in New York City Tuesday morning, as he called the endowment a “unreservedly transformational gift” for the University. “Endowment support has traditionally been an area of underinvestment for Historically Black Colleges and Universities, but today’s gift is an extraordinary vote of confidence in the lasting benefits of such support,” said President Vinson. “Thank you to Mike Bloomberg and the Bloomberg Philanthropies’ Greenwood Initiative for your inspiring leadership and commitment to

Florida A&M University to Establish New Center for African and African American Studies

Courtesy of Florida A&M University Florida A&M University, a historically Black educational institution in Tallahassee, has recently received $550,000 in donations to establish a new Center for African and African American Studies. Two philanthropic organizations, the Henry Luce Foundation and the John D. and Catherine T. MacArthur Foundation, each donated $275,000 to help kick off the center’s operations. The center aims to advance African and African American studies as a discipline and to foster interdisciplinary collaboration between faculty, students, and the local community. The donations from the Luce and MacArthur foundations will be used to support faculty and student fellowships,

Meharry Medical College receives $175 million from Bloomberg Philanthropies

Courtesy of Meharry Medical College Philanthropist and former New York City Mayor Michael Bloomberg today announced that Bloomberg Philanthropies has awarded a $175 million gift to Meharry Medical College to strengthen the College’s endowment and its capacity to advance health equity worldwide. The gift is the largest in Meharry’s history, significantly enhancing its endowment and fueling its long-term efforts to diversify the medical field and train the next generation of doctors. “Today is a momentous day for Meharry Medical College, elevating and accelerating our mission to serve the underserved of our nation and world,” said Meharry Medical College President and

Morehouse School of Medicine Receives Record Donation to an HBCU

By Helena Oliviero The largest-ever gift for historically Black colleges and universities was announced Tuesday by Michael R. Bloomberg’s philanthropic organization: $600 million will be divided among the country’s four HBCU medical schools, which includes Morehouse School of Medicine in Atlanta. The gift is intended to address systemic underinvestment in Black institutions and communities by helping diversify the next generation of doctors, according to the announcement from Bloomberg Philanthropies. Morehouse School of Medicine will receive $175 million — the largest single donation the school has ever received. The new funding will more than double three of the four medical schools’

Clark Atlanta Rejects Trump Claim That He ‘Saved’ the University

By Sara Weissman Clark Atlanta University leaders have pushed back on Donald Trump’s claims that he “saved” the historically Black institution when he spoke at a rally at Georgia State University on Saturday. During the rally, the Republican presidential nominee invited up Michaelah Montgomery, a Clark Atlanta alumna and conservative activist. Trump recounted to the crowd how he first met her in a restaurant earlier this year, and he said she thanked him for the federal COVID-19 relief funds that went to historically Black colleges and universities during the pandemic. “She looks at me, says, ‘It’s President Trump. You saved

Bloomberg gives $600 million to Black medical schools’ endowments

Michael Bloomberg’s organization Bloomberg Philanthropies is announcing a $600 million gift to the endowments of four historically Black medical schools. Bloomberg, the former New York City mayor and the billionaire founder of Bloomberg LP, will make the announcement Tuesday in New York at the annual convention of the National Medical Association, an organization that advocates for African American physicians. “This gift will empower new generations of Black doctors to create a healthier and more equitable future for our country,” Bloomberg said in a statement. Black Americans fare worse in measures of health compared with white Americans, an Associated Press series

A Change in Leadership at Florida A&M University

Courtesy of Florida A&M University Tim Beard has been selected to serve as interim president of Florida A&M University. The appointment follows the recent resignation of former president Larry Robinson, who will officially step down from his role on August 4. Florida A&M University, a historically Black institution in Tallahassee, enrolls over 7,700 undergraduate and 1,500 graduate students. Black students represent about 88 percent of the undergraduate population. Dr. Beard most recently served as president of Pasco-Hernando State College in Spring Hill, Florida. He began his presidency in 2015 and served in the role until his retirement earlier this year. Over the

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