Howard University recently announced a $10 million gift — the largest in the school’s history — from the Karsh Family Foundation to endow its prestigious and highly competitive Bison STEM Scholars Program.
Founded in 2017, the program, which will be renamed the Karsh STEM Scholars Program, is designed to increase the number of underrepresented minorities earning a doctorate or combined M.D./Ph.D. in a STEM discipline.
“We are grateful to Martha and Bruce Karsh for their transformative investment and support of our students and our vision to create a diverse workforce of highly-skilled scholars equipped to take on careers in the areas of science, technology, engineering and math,” said Howard President Wayne A.I. Frederick. “When we created this program, with the support of the Board of Trustees, we envisioned building a model program to demonstrate how higher education can serve as a pipeline to diversify STEM fields nationally, but we knew it wouldn’t be sustainable without external resources. This gift will ensure that Howard can train the nation’s brightest students who desire to obtain their Ph.D. or combined M.D./Ph.D. for generations to come.”
The gift also creates the Lomax KIPP Scholarships, a unique, debt-free financial aid program for graduates of KIPP, the Knowledge is Power Program, a nationwide network of high performing public schools in underserved communities.
Lomax KIPP Scholarships are named in honor of Michael L. Lomax, CEO and President of United Negro College Fund (UNCF), and a longtime distinguished advocate and inspiration for African American students seeking higher education.
The Karsh gift will support the overall KSSP graduate scholarship and ensure its future viability to fund cohorts of approximately 30 scholars per year. The announcement arrives just as applications for the fourth cohort are streaming in prior to the Jan. 30 application deadline.