The Thurgood Marshall College Fund and the Citi Foundation announce
WASHINGTON, DC, June 15, 2021 (GLOBE NEWSWIRE) – The Thurgood Marshall College Fund (TMCF) has announced a multi-year partnership with the Citi Foundation to build a multi-faceted professional and personal development immersion program providing a significant economic development support for students attending TMCF member schools, which are the Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs) in the United States.
According to the National Center for Education Statistics, the 6-year graduation rate for full-time black undergraduate first-time students is 40%. Additionally, black students are nearly $ 25,000 more in debt than their white counterparts according to the White House Initiative on Educational Excellence for African Americans. To address this issue, TMCF will partner with 30 public HBCUs and campus coordinators, career offices, faculty and staff to launch the TMCF HBCU incubator program which will select 2,000 students (or 1,000 students per year) to receive online career preparation training, access to coaching and mentoring, academic support and financial coaching.
“This exciting partnership with the Citi Foundation is another example of the diverse set of global partners who value and wish to make long-term investments in the development and success of HBCU students through TMCF,” Dr. Harry L. Williams, President and CEO of TMCF. mentionned. “We applaud the Citi Foundation for its commitment to the Black College community. “
In addition to enhancing economic, personal, and professional education, leaders of Citi and the Citi Foundation will also engage directly with students to share information about corporate careers, individual trajectories and the need to manage one’s career. education and career. All of this in an effort to provide HBCU students with the support they need to choose and pursue their career path with the goal of bridging the racial wealth gap.
“Giving young black students the knowledge and resources to pursue their educational and professional interests during their college-training years can make all the difference in their success,” said Brandee McHale, head of investment and development. Citi Community and President of the Citi Foundation. “The Citi Foundation is proud to partner with the Thurgood Marshall College Fund to support the next generation of leaders at HBCUs, institutions that play a vital role in ensuring that young people of color are not left behind, and continue. to do our part to help close the racial wealth gap.
About the Thurgood Marshall College Fund
Established in 1987, the Thurgood Marshall College Fund (TMCF) is the largest organization in the country exclusively representing the Black College community. TMCF member schools include historically black colleges and universities and predominantly black state-funded institutions, which host nearly 80% of all students attending black colleges and universities. Through scholarships, capacity building and research initiatives, innovative programs and strategic partnerships, TMCF is a vital resource in the primary and higher education space. The organization is also the source of top employers looking for top talent for competitive internships and good jobs.
TMCF is a tax-exempt 501 (c) (3) charity. For more information on TMCF, visit: www.tmcf.org.
About the Citi Foundation
The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze employment opportunities for young people and reinvent approaches to build economically vibrant communities. The Citi Foundation’s “More Than Philanthropy” approach deploys the tremendous expertise of Citi and its employees to fulfill our mission and stimulate thought leadership and innovation. For more information, visit www.citifoundation.com.
Final – TMCF Citi Announcement