Koch Brothers Donate $25M to the United Negro College Fund … Sen. Harry Reid (NV-D) Was Unavailable for Comment
Because the mind is a terrible thing to waste, even though Harry Reid and Nancy Pelosi do it on a daily basis
Koch Industries Inc. and the Charles Koch Foundation, which are headed by Charles and David Koch have donated $25 million to the United Negro College Fund to create a new scholarship program that will help motivated and deserving students not just get to and through school, but to become our next generation of innovators and entrepreneurs. Oh those evil Koch Brothers. What say you Senate Majority Leader Harry Reid (NV-D), are you going to vilify the Koch brothers for this as well, like you do as a diversion to create a GOP bogeyman?
The billionaire industrialist Koch brothers, known best for shepherding big money to conservative causes and candidates, have given a $25 million grant to the United Negro College Fund, the organization announced Friday.
The money will come from Koch Industries Inc. and the Charles Koch Foundation, which are headed by the brothers. Most of the money ($18.5 million) will go toward a scholarship program. The other $6.5 million is provided for general support to historically black colleges and universities and the UNCF, $4 million of which will be set aside for loan assistance.
The UNCF is the nation’s largest minority education group.
Just how much heat will Michael Lomax, UNCF president and chief executive, receive for the praising of the Koch brothers? He said, “UNCF is proud to announce this new scholarship program that will help motivated and deserving students not just get to and through school, but to become our next generation of innovators and entrepreneurs We are enormously grateful to Koch Industries and the Charles Koch Foundation for their long-standing support of UNCF and for helping to create new opportunities for earned success and a better future for our students.”
The overarching goal of the UNCF/Koch Scholars Program is aimed at broadening educational opportunities so that aspiring African American students can better understand how entrepreneurship, economics, and innovation contribute to well-being for individuals, communities, and society. A key component of the program is based on research from UNCF’s Frederick D. Patterson Research Institute, which found that an annual $5,000 scholarship dramatically increases UNCF’s recipients’ rate of retention and likelihood of completion. Those who graduate with a college degree are expected to earn $1 million more than their peers with a high school diploma over a lifetime. And 79 percent of college-educated African Americans actively participate in the labor force, 3 percentage points higher than Caucasians. Furthermore, multiple studies show that those who earn at least a bachelor’s degree have higher rates of employment, have greater lifetime earnings, are more civically-engaged, and are more likely to establish a college-going tradition in their families. The new program will dedicate $1 million to supporting research to help understand the drivers of success for students in college and beyond.
Charles Koch said, “Increasing well-being by helping people improve their lives has long been our focus.” He went on to say, “We have tremendous respect for UNCF and we are hopeful this investment will further its effectiveness in helping students pursue their dreams.” Just curious Harry Reid, Nanny Pelosi and Barack Obama, what have you really done for African-Americans in pursuing their dreams except keep them government dependent and under this administration more unemployed?
Since Democrats cannot blame GWB anymore and cannot run on Obamacare, the economy or foreign or domestic policy … its blame the Koch brothers 24/7.
The ball is in your court Harry Reid.