Thurgood Marshall College Fund

The Thurgood Marshall College Fund (TMCF) is an American non-profit organization that supports and represents nearly 300,000 students attending its 47 member-schools that include public historically black colleges and universities (HBCUs), medical schools, and law schools. The organization is named after the Supreme Court's first African-American Justice, Thurgood Marshall.

Thurgood Marshall College Fund
AbbreviationTMCF
MottoWhere Education Pays Off
Founded1987
FounderN. Joyce Payne
TypeEducational non-profit
Headquarters901 F Street NW, Suite 300
Washington, D.C., US
Region served
United States
Membership
47 member-schools
Chairman
Charles Merinoff
President & CEO
Harry L. Williams
Main organ
Board of Directors
Websitewww.tmcf.org

History

The organization was established in 1987, under the leadership of Dr. N. Joyce Payne in cooperation with Miller Brewing Company, Sony Music, the NBA, Reebok and the American Association for State Colleges and Universities to Institutionally support the public HBCUs. It underwent a name change in 2006 from the Thurgood Marshall Scholarship Fund to the Thurgood Marshall College Fund.

TMCF has championed higher education at public historically black colleges and universities (HBCUs) and has grown from a small organization providing scholarships for public HBCUs, raising over $300 million to date for programmatic support, capacity building support and scholarships for its member-schools and the students matriculating on the campuses.

Its mission differs from that of the United Negro College Fund, which supported approximately 65,000 students at 900 colleges and universities with approximately $113 million in grants and scholarships in 2015 alone while the Thurgood Marshall College fund only supports 47 schools; it is a 501(c)(3) tax-exempt, charitable organization, which means it does not pay taxes on its income.

TMCF was granted $50 million in 2015 by Apple,[1] $26.5 million in 2017 by the Charles Koch Foundation and Koch Industries,[2] and $6 million by The Boeing Company in 2018.[3]

Acquisitions

In 2013, TMCF acquired the Opportunity Funding Corporation (OFC), merging the two organizations with TMCF becoming the parent organization. Both organizations share a similar mission of providing service to the HBCU community, particularly in the area of talent identification. OFC, while continuing its efforts to enhance the entrepreneurship curriculum within public and private HBCUs, will now focus on identifying the most promising future entrepreneurs and introducing them to potential investors and very successful entrepreneurs.

Leadership
  • Harry L. Williams became president and CEO in 2018.[4]
  • Johnny C. Taylor Jr. was president and CEO from 2010 to 2018.
  • Johnny Parham became the first executive director in 1994.
  • Dwayne Ashley served as president and chief executive officer from 1999 to 2010 and created the Leadership Institute and Member Schools Conference.
  • John W. Marshall, a son of Thurgood Marshall, served as a consultant and senior advisor to the organization from January 2010 to January 2011.[5]

References
  1. Lev-Ram, Michal (March 10, 2015). "Apple commits more than $50 million to diversity efforts". Fortune. Retrieved 30 January 2019.
  2. White Goode, Robin (January 12, 2017). "Charles Koch Gives $25.6 Million to Thurgood Marshall College Fund". Black Enterprise. Retrieved 30 January 2019.
  3. "Boeing: Boeing invests $6 million in Thurgood Marshall College Fund" (Press release). The Boeing Company. June 5, 2018. Retrieved 30 January 2019.
  4. Taylor, Johnny C., Jr. (11 December 2017). "I'm Passing the TMCF Baton to DSU President Dr. Harry L. Williams". New York Amsterdam News. Retrieved 2018-11-28.
  5. "John W. Marshall". Great Black Speakers. Retrieved 25 October 2017.

This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.