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.That's more than Harry Reid hasn't given to the United Negro College Fund.
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.
Friday, June 06, 2014
The Washington Post reports:
Posted by Steve Bartin at 5:44 PM