When she began her tenure as Secretary of Education, Mrs. DeVos pledged to donate her yearly salary to charity. Last year, Mrs. DeVos donated the remainder of her salary to charities focusing on education and special needs.
“Black History Month provides a slice in time for all of us to appreciate the contribution of black people to U.S. and world history as well as to the contemporary marketplace of ideas,” said Gerard Robinson, executive director of CAO.
This year, TMCF is honored to be a recipient of a charitable donation from Mrs. DeVos, which will help TMCF to continue its work of educating the next generation of leaders from our nation’s publicly-supported Historically Black Colleges and Universities (HBCUs) and Predominantly Black Institutions (PBIs).
The legislation builds upon President Trump’s executive order by requiring agencies to submit annual plans to Congress detailing how each applicable agency intends to strengthen the capacity of HBCUs to participate in federal grants, contracts, or cooperative agreements.
Title III funding is of critical importance for the sustainability and growth of HBCUs. Such funding provides necessary financial assistance to HBCUs for the repair, replacement or enhancement our respective institution’s physical plants, ensuring financial stability, improving academic expertise and instruction and otherwise building institutional capacity.
A Government Accountability Office report last year found that colleges easily game standards applying to loan default rates. Policy shops and lawmakers, meanwhile, have spent years debating the right approach about the degree to which institutions should be on the hook for poor results on student loans.