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Banking Firm Gifts $200K to HBCUs to Foster Black Business Leaders

A top-ranked minority- and woman-owned investment banking firm is stepping up to help Howard University and Spelman College establish the next generation of African American business leaders.

Siebert Williams Shank’s philanthropic arm gifted $200,000 to support educational programs at both schools amid the celebration of Black History Month.

“Even prior to my joining the board of Spelman College, I knew Spelman College was a strong training ground for women who lead and excel in their careers and communities,” said SWS President Suzanne Shank. “Supporting two preeminent educational institutions that have a rich history of matriculating black leaders in many fields, including business, is the perfect way to kick off Black History Month.”

Dually headquartered in New York City and Oakland, Calif., with more than 15 offices across the country, with 64% of its workforce comprised of women and minorities, SWS lists among the most diverse in its industry. The firm is both majority-owned by people of color (92%) and women (61%).

The gift to Spelman will establish an Innovation Lab fellowship program, while the portion allotted to Howard’s School of Business will support its 50th anniversary strategic initiatives, which include student retention programming, career placement opportunities, technology enhancement, curriculum development and undergraduate scholarships, according to SWS.

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