Municipal Credit Union’s Post

This Year’s Annual Fund Appeal, "Building Our Hawks' Tomorrows, Today" provides Choices for Directing Your Gifts. As you are probably well aware, tuition revenue does not cover the full cost of providing the transformational Lasallian educational experience for our 500 Hawks. To address this ever-present need, we are highlighting six options for designating your gifts as they ar e made to this year’s Fund for Hudson Catholic. We think that donors might prefer to have more specific choices toward which to designate the use of their gifts. Tuition Assistance, STEM Education, The Arts, and General Operations are all items to be found in our annual operating budget, whereas two other options -- Student Retreats and Air Conditioning the Gym (for year-round use and new revenue generation) -- are aimed at addressing some pressing needs that never seem to make it into the budget, therefore go unaddressed. At hudsoncatholic.org/1964, please enter your designation in the Details box. The default for no designation will be General Operations. Let’s give our 500 Hawks a year they deserve!

How to embarrass your children for a good cause…

Making smart choices isn't just about picking the right cereal for breakfast; it's the backbone of how we navigate school, work, and the perpetually moving target of human relationships. Good news on that front: The Alliance for Decision Education just bagged a cool $12.5M to boost their efforts in making young minds sharper at decision-making. This is a major leap in funding their Decision Education Research Grants and Awards Program, specifically aimed at the K-12 crowd. Got a minute? Take a gander into what the Alliance is rolling out with their Research Grants and Awards Program. It's all about giving the next generation a leg up in the decision-making department. Let's join forces to make sure as many of the little future adults in our charge have the toolkit they need to tackle the big (and small) decisions that shape their tomorrows. Dive in deeper here: #DecisionEducation bit.ly/3INcWFu

There are numerous federal funding programs that have been established to help strengthen and support the mission of Historically Black Colleges & Universities (HBCUs). Our HBCU funding guide breaks it all down. Get it here >> https://hubs.ly/Q02jvhtr0 #HBCU #MSI #funding #federalfunding #highereducation #digitalequity

"The United Negro College Fund, which represents private historically Black colleges and universities, received $100 million from the Lilly Endowment, a foundation focused on religion, education and community development. The gift is the largest unrestricted private grant in UNCF’s history, according to a press release from the organization. Michael Lomax, president of UNCF, said in the release that the money will go toward a pooled endowment for 37 HBCUs. The endowment is a part of a $1 billion capital campaign by UNCF focused on the long-term financial stability of HBCUs and scholarships for their students. UNCF seeks to raise $370 million for the endowment in total. The $100 million gift alone will increase each institution’s endowment by $2.7 million; that would at least double the endowments of several institutions. HBCUs typically have much smaller endowments than predominantly white institutions. The median endowment for a UNCF member institution is $15.9 million, research from UNCF’s Frederick D. Patterson Research Institute shows. The median private college endowment is $214.6 million, according to data from the National Association of College and University Business Officers." https://lnkd.in/dZ4UdUuQ

We're thrilled to see Lilly Endowment's $100M investment in UNCF to help boost endowments for #HBCUs! For too long, HBCUs have been systemically underfunded—by billions of dollars—despite producing promising outcomes for Black students at rates on par with or better than higher-resourced predominantly white institutions. We're proud to support UNCF, along with Thurgood Marshall College Fund and Partnership for Education Advancement, through the HBCU Transformation Project, which is enabling the substantial transformation of HBCUs at scale, helping to close racial disparities and increase economic mobility and wealth-building for Black people and communities. https://lnkd.in/efkw2A9K

Rosye Blancas Cloud, Michelle Cooper, John Barnshaw, Toni Becerra. Yvette Escobar, and student interns are spending year after year to grow the College Promise movement in 450 local communities and 37 states. That’s why we’re over-the-top thrilled to see Michael Bloomberg donating to Johns Hopkins University to provide free tuition to all medical students from families earning up to $300,000 a year AND room and board and fees for students whose families earn $175,000 or less. Johns Hopkins now is the fourth free/tuition medical school, following NYU, WashU-St.Louis, and Albert Einstein. Now imagine local students from underserved communities knowing that their community college and/university’s undergraduate College Promise will be there if they aspire to become a doctor or nurse! WASHINGTON POST 7-9-24 Higher Education $1 billion gift to make Johns Hopkins medical school free for most students. The donation from Bloomberg Philanthropies will also expand financial aid for the school’s other graduate programs, including nursing and public health.

🎯Top US universities like Georgetown, Stanford and Yale have agreed to pay $166 million to settle a lawsuit accusing them of illegally favoring wealthy students. 🎯The class action lawsuit said schools conspired with each other to use unfair admissions practices that favored wealthy, privileged applicants. 🎯The plaintiffs argued schools favored students whose families could afford sizeable donations and give preferential treatment to the children of alumni. 🎯As part of the settlement, the universities did not acknowledge any wrongdoing but agreed to make admissions practices more transparent. 🎯Over 170,000 students who applied to these universities will be eligible for payouts from the settlement fund. 🎯The settlement aims to increase opportunities for disadvantaged applicants through revised admissions processes, scholarships, and recruiting.

https://lnkd.in/gZ2MfvuF When High Quality Education is a Priority and Not a Liability ! “By reducing the financial barriers to these essential fields, we can free more students to pursue careers they’re passionate about and enable them to serve more of the families and communities who need them the most,” Mr. Bloomberg said. The new gift from Mr. Bloomberg will mean that nearly 2/3 rds of medical students who currently attend Johns Hopkins or who will enter programs at the university soon will be eligible for Free Tuition or Both Free Tuition and Living Expenses, according to the university. This is Not the first large contribution to Johns Hopkins from Mr. Bloomberg, who routinely makes donations toward the arts, education, the environment and public health. Bloomberg Philanthropies made a $ 1.8 Billion donation to the university in 2018 as part of an effort to ensure that undergraduate students would be accepted by the university regardless of their family’s income. #education #universities #america #bloomberg #newyorktimes

"The endowment inequities are particularly vast when looking at the endowments of the nineteen Black land grant universities. Collectively, the nineteen non-HBCU land grant universities (known as 1862 institutions) in southern states hold more than $45 billion in endowment assets, while the nineteen land grant institutions that are HBCUs (known as 1890 institutions) in those same states hold just $1 billion in endowment assets—an astounding 45-to-1 difference." #hbcu #financialequity #endowment #itsnecessary #opportunitygap #closethegap #preserveblackhistory #ifwedontwhowill