SOURCE Alpha Kappa Alpha Sorority, Inc.
Alpha Kappa Alpha Sorority, Incorporated (AKA), in partnership with the Educational Advancement Foundation (EAF), is pleased to announce the establishment of the AKA-HBCU Endowment Fund. The fund was created on behalf of the nation’s oldest historically African-American sorority in an effort to assist in the financial stability of Historically Black Colleges and Universities (HBCUs).
Over the course of the next four years, AKA-HBCU Endowment Fund has pledged to distribute $10 million in financial support to 96 accredited institutions. On February 28, 2019, presidents from 32 of the participating HBCUs will receive the first installment of the endowment gift in the amount of $50,000 at the Alpha Kappa Alpha International Headquarters in Chicago, Illinois.
“As an HBCU graduate and someone who has dedicated my life’s work to the HBCU community, I personally know that the financial challenges of many institutions have an impact on student enrollment, retention and graduation rates,” said Alpha Kappa Alpha Sorority, Inc. International President Dr. Glenda Glover. “Implementing an endowment fund is a critical need and has been a priority for my administration since I took office last year. Alpha Kappa Alpha’s 111-year history is deeply interwoven into the history of HBCUs and therefore it is imperative that we continue to invest in these treasured institutions.”
Dr. Glenda Glover is the 30th International President of Alpha Kappa Alpha Sorority, Incorporated®. Dr. Glover took the helm of the nation’s oldest Greek-letter organization established by African-American college women in 2018. She leads the prestigious organization for four years, 2018-2022, under the theme: “Exemplifying Excellence Through Sustainable Service.”
In further commemoration of Black History Month, Alpha Kappa Alpha Sorority, Inc. and the Educational Advancement Foundation encourage education advocates globally to support the advancement of America’s HBCUs, which have served as a cornerstone in the Black community since 1837. In partnership with EAF, Alpha Kappa Alpha hopes to leave a lasting legacy for the next generation of leaders through the AKA-HBCU Endowment Fund. On September 17, 2018, Alpha Kappa Alpha achieved a record-breaking, single-day goal of raising over $1.2 million to support its $10 million goal in providing support to the nation’s HBCUs.