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One-year grant to support Historically Black Colleges and Universities across the state

Durham, NC (August 6, 2015) – Trustees of the Z. Smith Reynolds Foundation have awarded a grant to the N.C. Institute of Minority Economic Development (The Institute) as it develops a comprehensive strategy aimed at strengthening North Carolina’s accredited Historically Black Colleges and Universities (HBCUs).

The mission of the N.C. Institute of Minority Economic Development is to strengthen the asset base of diverse populations through policy, education and opportunities. In keeping with this mission, the Institute is partnering with select HBCUs to support efforts to further strengthen their business models. The end goal is to develop and implement a set of strategies that will cultivate stronger institutions equipped with the tools needed to best prepare their graduates for the workforce.

“HBCUs are strong drivers of economic, social and community impact,” said Leslie Winner, executive director of the Z. Smith Reynolds Foundation. “The Institute is providing a key leadership role in helping HBCUs become stronger entities that will continue to produce high performing graduates who will in turn contribute to the future of our state. We are proud to be a partner in achieving this shared vision.”

“There are 10 four-year accredited HBCUs in the state of North Carolina,” said Farad Ali, president of the Institute. “These 10 institutions educate at least 34,000 full-time undergraduates each year. Per an economic impact report released during the first quarter of the 2015 calendar year, these 10 institutions have an annual economic impact of upwards of $2 billion on the North Carolina economy. This meaningful work led by Andrea Harris, founder and senior fellow at the Institute, aligns with our focus on community economic development and shared prosperity in the state of North Carolina.”

On May 15, 2015 Trustees voted to approve 83 grants totaling more than $10 million to organizations across North Carolina.

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ABOUT THE N.C. INSTITUTE OF MINORITY ECONOMIC DEVELOPMENT

Founded in 1986 as the N.C. Institute of Minority Economic Development, but now known simply as the Institute, the mission is to strengthen the asset based of diverse populations through policy, education and opportunities. The organization’s vision is economic prosperity for diverse populations. The Institute believes diversity is considered critical to a healthy economy, and in which race, gender, or geography are no longer barriers to economic opportunity and prosperity. Our goal is to build skills, assets, and wealth among diverse populations, reducing disparities in economic opportunity and self-sufficiency.

ABOUT THE Z. SMITH REYNOLDS FOUNDATION

The Z. Smith Reynolds Foundation (ZSR) is committed to improving the quality of life of all North Carolinians. ZSR invests in statewide, regional and community-based organizations that are dedicated to building an inclusive, sustainable and vibrant state. The groups that ZSR supports both work to build healthy, robust communities at the local and regional level and engage in education, civic dialogue and advocacy around issues of importance to communities and to North Carolina. ZSR currently focuses on the areas of community economic development, environment, public education, social justice and equity and strengthening democracy. The Foundation is a 78-year-old private foundation based in Winston-Salem, North Carolina. For more information or to learn more about ZSR, visit www.zsr.org.

MEDIA CONTACTS

N.C. Institute of Minority Economic Development – Andrea Harris, This email address is being protected from spambots. You need JavaScript enabled to view it., 919-956-8889

Z. Smith Reynolds Foundation – Shaheen Syal, This email address is being protected from spambots. You need JavaScript enabled to view it., 336-705-3207