Friday, October 19, 2007

Spelman's 10 Million Dollar Gift

U.S. News & World Report ranked Spelman College this month as the #1 HBCU in their first ever ranking of historically black colleges and universities. Now, Spelman has another victory to celebrate about:

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A $10 million commitment courtesy of financial services giant, Lehman Brothers.

The funds will be used to develop the Lehman Brothers Center for Global Finance and Economic Development and will establish a curriculum and courses, a new scholarship program, and the recruitment of new faculty. According to Spelman President Beverly Daniel Tatum, the donation is the single largest corporate donation received by the college.

The idea is to have complementary courses at Spelman that would help guide African American women to careers in finance. "The center will not just be about offering courses, scholarships, mentoring, and internship opportunities," says Tatum. "This partnership has the capacity to create a model and do things never done before."


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