Chaired by Representative Nydia Velázquez (D-NY), the Committee will address the findings in a recent GAO report on the Small Business Administration (SBA) and Historically Black Colleges and Universities (HBCUs).
As a point of comparison, public universities receive 43 percent of their revenues from grants, federal contracts, or appropriations on average, while HBCUs only receive approximately 1 percent.
TMCF prides itself on being fiscally responsible with every charitable donation, large or small. TMCF respects each dollar and is registered with every charitable regulatory agency in every required state and has received the highest ratings from all three non-profit rating groups.
The HBCU Propelling Agency Relationships Towards a New Era of Results for Students Act, or HBCU PARTNERS Act, would give Historically Black institutions of higher learning more access to grants and programs from federal agencies. The agencies would be required to share their plans with Congress and track the HBCUs’ progress.
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.