The Charlotte-based Duke Endowment is giving $100 million to Duke University to help provide scholarships for undergraduate and graduate students. The donation is the largest single award in the university鈥檚 history.
Duke University president Vincent Price said the funds will be used to support the school's mission of building a more diverse student body. Part of this mission includes supporting students from Historically Black Colleges and Universities.
The university is designating some of the $100 million gift to Duke graduate and professional students with an undergraduate degree from HBCUs, particularly from North and South Carolina.
鈥淲e have the highest concentration of HBCUs right here in this part of the country,鈥� Price told 瓜神app. 鈥淪o, this is an opportunity for us to find these tremendously talented students who are coming from HBCUs 鈥� to partner in a way that maintains, for generations to come, the kind of leadership that this region of the country will need to move forward.鈥�
The money will also be used to fund Duke鈥檚 new financial aid program for undergraduate students.
In June, the university announced that it will provide free tuition for students whose families make less than $150,000 a year. Those that make less than $65,000 will also receive free housing and meals.
The announcement was made about a week before the U.S. Supreme Court overturned affirmative action and was followed by similar commitments from other North Carolina universities.
Price said the financial aid program isn鈥檛 a direct response to the Supreme Court's decision 鈥� rather, it's Duke鈥檚 mission to continue to diversify its student body.
鈥淲e do intend to communicate more clearly to students throughout North and South Carolina how much we want them to come and study at Duke University,鈥� Price said. 鈥淲e want every student 鈥� in any kind of high school background or if they鈥檙e currently studying at a HBCU 鈥� to understand that Duke is a place where they can thrive.鈥�
In addition to providing scholarships and tuition assistance, Duke will also use the money to update its . It鈥檚 named after one of the first five Black students to attend the university 60 years ago.
The donation comes as Duke University prepares to celebrate its 100th anniversary in 2024. Price said the $100 million gift will fuel the university鈥檚 future.
鈥�(It's important) we meet the needs of an evolving world,鈥� Price said. 鈥淲e do this through identifying the most diverse and talented population of students we can, making sure that diversity and talent is reflected in our faculty and in our alumni.鈥�
Other initiatives funded by the donation include providing Ph.D. fellowships, matching donor financial aid funds and supporting pro bono work at Duke law school clinics.
