Howard University Announces $ 5 Million Donation from Eddie and Sylvia Brown to Support GRACE Grant … | New

0


[ad_1]

WASHINGTON, October 12, 2021 (GLOBE NEWSWIRE) – WASHINGTON – Howard University is pleased to announce a $ 5 million donation from Eddie C. Brown (BSEE ’61) and C. Sylvia Brown (BS ’62 ) to support graduate retention Continuing Excellence Grant (GRACE) for students facing financial barriers. Eddie Brown is the Founder, Chairman and CEO of Brown Capital Management, a Baltimore-based asset management firm that is the second oldest African-American-owned investment management firm in the world. This donation marks the largest alumni donation to Howard University in the history of the school.

“We are extremely grateful to Eddie and Sylvia for making this historic gift to Howard University,” said Howard University President Dr. Wayne AI Frederick. “The GRACE grant has helped remove financial barriers to education for Howard’s students, and I’m delighted the Browns were inspired to make such a generous donation to this important fund. I hope students will be inspired by their history and generosity, and that other members of our alumni community will consider the many ways they too can impact current and future generations of Howard students.

The Browns met on the Howard University campus in 1957. Eddie came to Howard from Allentown, Pa. Just 16 as a student at the College of Engineering, and Sylvia came to Howard from King William, Virginie as a student in what was then the College of Liberal Arts. While equally committed to education, the couple remember two very different stories when it comes to their opportunities to pursue a college education. While Sylvia came from a family of educators and always knew she had the support she needed to pursue higher education, Eddie’s journey to Howard was made possible by a caring teacher and angel donor. Anonymous.

“I moved to Allentown, PA when I was 15,” Eddie said. “We had a community organizer who would look after the young black children in the community. One day he came to see me with my mother and said, “I have been contacted by a woman who wants to help a young African American student to go to university. And it was my grade 10 English teacher, actually, who graduated from Howard [who] said, ‘You should go to Howard University.’ “

At the time, Eddie was one of seven black students in his class at Allentown High School. Only three of the seven students were in college preparatory classes, and the other two students could afford to go to college. Because he came from a low-income family, Eddie was chosen to receive a scholarship that covered his tuition, room, board, and textbooks while he was at Howard.

This story and their mutual love for Howard is what inspired the couple to make a historic donation in support of the GRACE grant. This gift represents what Sylvia says not to give back, but “to give it forward”.

“We were very lucky to be able to go to Howard,” she said. “I had student loans and I know how difficult it is. Being from a family of four, my parents did their best, but it was never enough to pay all the costs. And that has been our mantra, to give to others and at least help them get an undergraduate degree so that they have a good foundation.

The GRACE grant was created by President Frederick to help remove all financial barriers for students and encourage on-time graduation for students who have successfully completed their first year. This needs-based program, created in 2014, offers a 100% match to students who receive the maximum Federal Pell Grant and provides additional funding to those whose Expected Family Contribution (CEF) is $ 0.

The impact of the GRACE grant is clear. Since its inception, GRACE grantees have experienced an average 17 percent increase in retention and an average four-year graduation rate of 78 percent, a 32 percent increase over students of the same. financial category that have not received GRACE funds.

“I remember one of our ministers saying something we never forgot,” Eddie said. “May those who are blessed be a blessing to someone, especially to the less fortunate. We always remember it. I was fortunate to receive my university education debt free, and I think it’s important to offer the less fortunate the opportunity to do so as well.

“Our only hope is that the students who benefit from our contribution do their best,” Sylvia said.

###

About Howard University

Founded in 1867, Howard University is a private research university that includes 14 schools and colleges. Students pursue more than 140 degree programs leading to undergraduate, graduate and professional degrees. The University operates with a commitment to excellence in truth and service and has produced one Schwarzman Fellow, three Marshall Fellows, four Rhodes Fellows, 12 Truman Fellows, 25 Pickering Fellows and over 165 Fulbright Fellows. Howard also produces more African American doctorates on campus. recipients than any other university in the United States. For more information about Howard University, visit www.howard.edu.

Attachment

Howard University announces $ 5 million donation from Eddie and Sylvia Brown to support GRACE grant for students

Misha Cornelius Howard University 510-318-1020 [email protected]

Copyright 2021 GlobeNewswire, Inc.

[ad_2]

Share.

About Author

Leave A Reply