Charles and David Koch have made a big $25 million donation to the United Negro College Fund (UNCF), the organization announced Friday.
The UNCF is the largest provider of scholarships to black college students in the U.S. and also supports historically black colleges and universities. The $25 million donation is the fifth-largest ever received by the group.
The donation, which is being made by Koch Industries Inc. as well as the Charles Koch Foundation, will be split between $18.5 million that will support a new Koch Scholars Program of nearly 3,000 individual scholarships and $6.5 million that will provide general support to the UNCF and historically black colleges. The Koch Scholars Program will run for seven years.
Michael Lomax, president and CEO of UNCF, told the Associated Press that he’s happy to take the donation regardless of the ire it may raise from those who dislike the Kochs’ politics.
“Criticism is a small price for helping young people get the chance to realize their dream of a college education, and if I’ve got to bear the brunt of someone else’s criticism to ensure that we have the resources to help those students, then I can handle it,” Lomax said.
Meanwhile, the AFSCME (American Federation of State, County & Municipal Employees), which represents 1.6 million public workers, has ended its paid internship program with the UNCF over its embrace of the conservative Koch brothers and has announced that it has cut all ties with the charity, but still hasn’t pulled it’s page promoting the UNCF from it’s web site (maybe it’s union workers aren’t off their break yet)
Reportedly the AFSCME donates $50,000 to $60,000 a year for the scholarship program and “hundreds of thousands” of dollars annually, which means the $25 million donated by the Koch brothers will offset the AFSCME donations for the next 100 or so years.
As usual, Liberals are very bad at math.
SOURCES: The Daily Caller, TheWire.com.