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HBCU’s See Tenfold Surge in Donations: Equality Summit Update

(Bloomberg) — Following nationwide Black Lives Matter protests this summer, Historically Black Colleges and Universities have received almost a half-billion dollars in gifts, Michael Lomax, CEO of the United Negro College Fund said. Kewsong Lee, co-chief executive officer of Carlyle Group, said that his company has not had an issue finding diverse talent, while Jon Winkelried, co-CEO at TPG Holdings LP, lamented the lack of interest from investors in diversity.

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HBCU’s Are Seeing 10X Donations This Year (3:19 p.m. NY)

Since June, Historically Black College and Universities have received almost a half-billion dollars in gifts, said Michael Lomax, CEO of the United Negro College Fund. In a typical full year, donations would be about a tenth of that, he said. The combined endowments of 101 HBCUs is

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