Howard University has received a $5 million gift — the school’s largest-ever donation — from two former students who fell in love at the historically Black institution.
Eddie and Sylvia Brown’s gift will support the Graduation Retention Access to Continued Excellence (GRACE) grant for students facing financial barriers, the university announced in a recent statement.
“I remember a minister of ours said something that we never forgot,” said Eddie Brown, chair and CEO of Baltimore-based Brown Capital Management, said in the statement. “That those who are blessed should be a blessing to someone, especially those less fortunate. We always remember that. I was blessed to receive my college education debt-free, and I think it’s important to offer those less fortunate the opportunity to do so as well.”
Howard President Wayne A.I. Frederick said the school is “extremely grateful” to the Browns for the “historic” gift.
“The GRACE Grant has helped to eliminate financial barriers to education for Howard students, and I am thrilled that the Browns were inspired to commit such a generous gift to this important fund,” Frederick said in a statement. “My hope is that students will be inspired by their story and generosity and that others in our alumni community will consider the many ways they, too, can impact current and future generations of Howard students.”
The Browns’ company is the second-oldest African American-owned investment management firm in the U.S., according to the Howard statement.