Overview

• The pledge will be distributed over a decade beginning in 2026 and is projected to support nearly 10,000 students through gap scholarships.
• Clark Atlanta University, Morehouse College, Morris Brown College and Spelman College are the participating institutions.
• Scholarships will prioritize students close to finishing their degrees who are in good academic standing and have exhausted other financial aid.
• The foundation’s goal is to raise graduation rates by 10 percent by closing unmet financial need for eligible students.
• The announcement comes days after the Trump administration said it would redirect nearly $500 million in federal funding to HBCUs and tribal colleges as a one-time investment.