Black Economic Alliance’s Post

View organization page for Black Economic Alliance, graphic

7,250 followers

We are thrilled to celebrate today’s historic milestone in expanding Black wealth and economic prosperity with Bloomberg Philanthropies' transformative $600 million investment in HBCU medical colleges. This monumental contribution will more than double the endowment of three of the four esteemed institutions, Howard University, Meharry Medical College, Morehouse School of Medicine, and Charles R. Drew University of Medicine and Science, as well as provide essential seed money for the establishment of Xavier University of Louisiana’s Ochsner College of Medicine, a new medical school being developed in New Orleans.   Today’s investment does not stand alone; it builds on Bloomberg Philanthropies' ongoing commitment to close the racial wealth gap. With financial barriers reduced, Black medical school graduates enter their professions focused on their careers and communities, and not the overbearing stress of debt. This freedom is not just about financial relief—it is about the recognition of the important role of HBCUs in shaping healthcare professionals who understand and can help mitigate the disparities in care that disproportionately affect us.    Today, and every day, BEA Foundation is proud to partner with Bloomberg Philanthropies. With their support, we have been able to expand the impact of the Center for Black Entrepreneurship with Spelman and Morehouse Colleges. Through investments like this, we can further the work to dismantle the systemic inequalities that hinder Black Americans from creating generational health and wealth.

Angela Clark

VP of Digital | Leading Digital Transformation | EVP | Educator | CDO | Retail Advisory Board | Available for Board Seat

2mo

This is great to see. Increasing black doctors will have a direct impact on the health and well being of our communities.

Like
Reply

To view or add a comment, sign in

Explore topics