HBCUVC COVID-19 STUDENT RELIEF FUND
HBCUvc’s mission is to direct how capital is formed and distributed so that it increases opportunities for Black, Indigenous, and Latinx innovators. We accomplish this by increasing the number of successful Black, Indigenous, and Latinx venture capital leaders in communities where entrepreneurs face barriers in accessing investment capital, and empowering institutions to employ race-conscious investing practices.
As a student-centered organization, HBCUvc is concerned about the immediate and long-term impacts of COVID-19 on the broad HBCU student community. There are over 100 HBCUs supporting over 300,000 students nationwide. Thus, we created an impact survey to hear directly from HBCU students about their needs and how we can leverage our resources to best help. At the moment, 60% of students have lost their jobs on and around campus. These are jobs that the students rely on to provide for themselves throughout the academic year. Additionally, many students are leaving safe campuses to be quarantined in homes deemed less than safe and inadequate for healthy learning. To learn more about how COVID-19 has impacted HBCU students, please see our research report here.
Our goal is to raise a minimum of $50,000 in order to supply HBCU students with need-based stipends by April 10th, so that we are able to provide immediate relief. The stipends will be used for transportation, groceries, housing support, and incidental expenses related to relocation and job loss as a result of COVID-19.
We are asking for your support during this critical and challenging time for the students in our wider community. To learn more about how we are supporting HBCU students during this time, please visit www.hbcuathome.com.
Wishing you good health. Thank you in advance.
the HBCUvc Staff and Fellows
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