Bank of America Pledges $10 Million to North Carolina’s Johnson C. Smith University

JCSU President Clarence D. Armbrister

Johnson C. Smith University (JCSU) will soon get a huge gift on behalf of Bank of America.

According to a press release, the banking institution has pledged $10 million to what is considered one of the leading private liberal arts Historically Black Colleges and Universities (HBCUs) in the South. The funds are a part of Bank of America’s Mayor’s Racial Equity Initiative in the Charlotte, NC region. It includes the company’s larger, $1.25 billion, five-year commitment to create more economic opportunities and push the advancement of racial equality within local communities.

“Education is a gateway to a better life,” said Kieth Cockrell, President of Bank of America Charlotte in an official statement. “Our long-term relationship with JCSU has set the foundation for this critical moment – a collective partnership among the public and private sectors working to eliminate existing barriers by providing unique opportunities to JCSU students. Together, we will grow a strong pipeline of the next generation of leaders in our area and beyond.”

For decades, JCSU has created an inclusive environment where students walk away with the skills and resources necessary to take on the world as effective leaders.

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SOURCE: AfroTech, Shanique Yates

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