- The $10 million Drive the Legacy Fund creates sustainable, long-term funding in HBCU success
- Grants will concentrate on infrastructure, expertise and core institutional wants
- Honda has supported HBCU colleges for almost 40 years
The Honda USA Basis right this moment introduced the creation of the Drive the Legacy Fund, a brand new endowment fund constructing on the longstanding dedication of Honda to Traditionally Black Faculties and Universities (HBCUs) by offering a long-term supply of sustainable help. The $10 million Fund will help core institutional wants at HBCUs by way of investments in infrastructure, expertise, and institutional capability.
“The Drive the Legacy Fund enhances the almost 40-year dedication of Honda to creating lasting impression and making certain academic alternatives for HBCU college students,” stated Marcos Frommer, government director of the Honda USA Basis. “By investing within the foundational wants of HBCUs, we may help these establishments strengthen their operations, modernize vital infrastructure and place themselves for sustained success for generations to come back.”
In regards to the New Drive the Legacy Fund
The Drive the Legacy Fund was created to deal with persistent challenges going through many HBCUs. The Honda USA Basis mixed stakeholder engagement, analysis, and institutional wants assessments to determine widespread themes throughout HBCU campuses, together with:
- Power underfunding and capital funding gaps
- Getting old bodily infrastructure
- Digital and expertise infrastructure deficits
- School recruitment and retention challenges
To handle these priorities, the Drive the Legacy Fund will concentrate on two main award classes:
- Infrastructure & Expertise, together with amenities restore and modernization, digital techniques and connectivity, cybersecurity enhancements, and smart-campus applied sciences.
- Institutional Capability, together with school recruitment and retention, administrative and operational capability, skilled growth alternatives, and initiatives that strengthen institutional effectiveness.
Institutional grants are anticipated to vary from $100,000 to $250,000 yearly, with awards obtainable for as much as two years to help transformational tasks that strengthen institutional operations. The Fund will start with a concentrate on accredited four-year HBCU establishments positioned inside states the place Honda has main operations and a robust neighborhood presence.
The Drive the Legacy Fund will launch in March 2027 with a aggressive Letter of Intent course of to evaluate alignment with the Fund’s priorities. Following assessment, chosen establishments can be invited to submit full grant purposes for aggressive funding consideration.
Honda Dedication to Traditionally Black Faculties and Universities
Honda has supported the success and desires of HBCU college students for almost 40 years, by way of applications such because the Honda Campus All-Star Problem, Drive the Legacy Initiative, and Honda Battle of the Bands. These initiatives have impacted the lives of greater than 350,000 college students and offered over $16 million in grants towards HBCU teaching programs and amenities enhancements.
The Honda USA Basis’s Drive the Legacy Fund enhances the Honda “Drive the Legacy” initiative that companions Honda with HBCUs and organizations such because the Thurgood Marshall Faculty Fund, the Nationwide City League, and native UNCF chapters, to supply growth alternatives to HBCU college students and recruit prime expertise for its future workforce. Honda additionally helps initiatives of the Congressional Bipartisan HBCU Caucus to deliver collectively authorities, business and HBCUs to create strategic, extra sustainable HBCU partnerships.
For extra info, go to https://csr.honda.com/inclusion.
In regards to the Honda USA Basis
The Honda USA Basis helps applications and organizations that strengthen communities and increase alternatives by way of strategic charitable investments. Via its training and mobility-focused giving initiatives, the Basis works to create lasting, constructive impression in communities throughout the US.
Discover: Though the data included on this press launch is correct as of the date of publication, this info is topic to vary at any time with out discover. American Honda Motor Co., Inc. assumes no duty for updating this info.
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