Home / Full timeline / Walter H. Annenberg, former publisher of TV Guide, makes a fifty million dollar pledge to the United Negro College Fund, making it the largest single donation ever offered to the group.
Walter H. Annenberg, former publisher of TV Guide, makes a fifty million dollar pledge to the United Negro College Fund, making it the largest single donation ever offered to the group.
1990 (Mar 3)
Walter H. Annenberg, former publisher of TV Guide, made a fifty million dollar pledge to the United Negro College Fund (UNCF). His gift was the largest single donation ever offered to the group, which serves as a coordinating fundraising agency for more than forty private Black colleges in the United States. Annenberg called Black colleges "major force for positive change... As a society we cannot afford to waste our most valuable resources our citizens... Unless young Blacks are brought into the mainstream of economic life, they will continue to be on the curbstone. The key to this problem is education." President George Bush applauded the gesture, remarking, "I think that generosity is a challenge.. that will bring on well-deserved support from others. It's most generous and one of the most brilliant points of light I can think of." In 1989, the UNCF had raised a total of $45.8 million for distribution to its member institutions.
References:
- • Hornsby, Alton. Chronology of African-American History: Significant Events and People from 1619 to the Present. Detroit: Gale Research, 1995.