Congressional Black Caucus Foundation Awarded $4 Million in Scholarships from The Tracking Foundation

April 11, 2024

(Washington, D.C.) – The Congressional Black Caucus Foundation (CBCF) is proud to announce a groundbreaking partnership with The Tracking Foundation, resulting in a generous contribution of $4 million in scholarships to support the education and empowerment of Black American students across the nation.

The Tracking Foundation, known for its commitment to fostering educational opportunities and promoting equality, has chosen the CBCF as a strategic partner to advance their shared mission of creating pathways for success in higher education.

Representative Terri A. Sewell, Chair of the CBCF Board of Directors, expressed her gratitude for the transformative impact of this collaboration, stating, “This generous contribution from Stephen Feinberg through The Tracking Foundation will significantly enhance our ability to empower the next generation of Black American leaders through education. We are deeply appreciative of Mr. Feinberg and his foundation’s commitment to fostering academic excellence and breaking down barriers for students who aspire to reach their full potential.”

Nicole Austin-Hillery, President and CEO of the Congressional Black Caucus Foundation, shared, “I am thrilled to announce the momentous partnership with The Tracking Foundation, resulting in a transformative $4 million scholarship endowment. This generous contribution underscores our shared commitment to breaking down barriers and empowering Black American students through education. With the support of The Tracking Foundation, the CBCF will continue to champion academic excellence and create pathways to success for generations to come.”

Cedric Richmond, who is a former Congressman, White House Advisor, and Chairman of the Congressional Black Caucus, also weighed in on the partnership, emphasizing the importance of investing in education as a means to drive positive change. “Education is the key to unlocking doors of opportunity and building a brighter future for our communities. The collaboration between The Tracking Foundation and the CBCF underscores the vital role education plays in creating lasting change,” said Richmond.

The $4 million scholarship fund will be instrumental in supporting students pursuing higher education, providing financial assistance to those who may face economic barriers to realizing their academic goals. The CBCF is committed to ensuring that these scholarships have a meaningful impact on the lives of students and contribute to the broader goal of advancing equity in education.

The Tracking Foundation’s dedication to making a difference in the lives of underrepresented communities aligns seamlessly with the mission of the CBCF. This collaboration marks a significant step forward in creating opportunities for Black American students to excel academically and contribute to positive social change.

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About the Congressional Black Caucus Foundation (CBCF)

The Congressional Black Caucus Foundation (CBCF) is a non-partisan, nonprofit organization that advances the global black community by developing leaders, informing policy, and educating the public. The CBCF is committed to empowering the next generation of Black American leaders through education, scholarship, and community engagement.