Showing posts with label Koch Brothers. Show all posts
Showing posts with label Koch Brothers. Show all posts

Wednesday, July 23, 2014

Black colleges face hard choices on $25 million gift from Koch brothers

America's black colleges are struggling for funds. The Republican Party is struggling to attract black voters.

Enter a $25 million gift to the United Negro College Fund from the conservative Koch brothers, which has pitted the needs of black students against liberals' insistence that the Kochs are pursuing a racist political agenda.

Whether genuine philanthropy, political jujitsu or some of both, the gift sparked a debate that peaked when Lee Saunders, president of the powerful American Federation for State, County and Municipal Employees union, sent the UNCF a blistering letter ending the union's financial support.

Historically black colleges and universities have educated a huge percentage of black America. Today, HBCUs are facing unprecedented challenges: decreases in government funding, tougher parent loan eligibility, and the threat of losing even more federal aid based on low retention and graduation rates.

In this environment, how could the UNCF turn down $25 million? Read more: Black colleges face hard choices on $25 million gift from Koch brothers

Thursday, July 10, 2014

Major union cuts ties with United Negro College Fund over Koch connection

A major labor union is cutting ties with the United Negro College Fund because of the group's connections to the billionaire industrialist Koch Brothers, who have put their wealth behind supporting conservative causes and candidates for office.

Lee Saunders, president of the American Federation of State, County and Municipal Employees, penned a letter this week to UNCF President and CEO Michael Lomax informing him that he is ending the collaboration between the two groups on a joint scholarship program.

"Like many supporters of the UNCF, I was deeply troubled by your decision to accept $25 million from David and Charles Koch. But I assumed that in accepting those funds you were in no way supporting or lending the name of the UNCF to the political or social causes or substantive views of the Koch brothers," writes Saunders. "So I was truly stunned to learn that less than two weeks later, you attended and spoke at the Koch brothers summit in California. This was a betrayal of everything the UNCF stands for."

The UNCF announced the $25 million donation from Koch Industries Inc. and the Charles Koch Foundation last month. The money will go toward a scholarship program, loan assistance and providing general support to historically black colleges and universities.

Read more: Major union cuts ties with United Negro College Fund over Koch connection

Friday, June 06, 2014

Koch Brothers Gift $25 Million To United Negro College Fund

[SOURCE] The United Negro College Fund announced a $25 million grant Friday from Koch Industries Inc. and the Charles Koch Foundation — a large donation from the conservative powerhouse Koch name that Democrats have sought to vilify heading into the 2014 midterm elections.

From the donation, $18.5 million will go toward nearly 3,000 merit-based scholarships to African-American students, and $6.5 million will go toward general support for historically black colleges and universities and the UNCF.

African-Americans are a key constituency within the Democratic Party. But Michael Lomax, president and CEO of UNCF, said that since the organization's inception in 1944, it has reached out to people of all backgrounds for support without an "ideological lens" because it is in everyone's interest. The organization has awarded $100 million in scholarships to more than 12,000 students at 900 schools this year alone, but he said the need is so great that the organization turns away nine out of every 10 applicants, or about 100,000 students annually.

He said that in today's politically charged climate, he's prepared to take criticism from those of different political leanings than the Kochs.

"Criticism is a small price for helping young people get the chance to realize their dream of a college education, and if I've got to bear the brunt of someone else's criticism to ensure that we have the resources to help those students, then I can handle it, and I can take the heat," Lomax said.