David Koch on Civil Rights
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.
UNCF president and chief executive Michael Lomax 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 entrepreneurs We are enormously grateful to Koch Industries for their long-standing support of UNCF."
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